Albemarle Stock Forecast
Red day on Tuesday for Albemarle stock after losing 0.359%
(Updated on Jul 02, 2024)
The Albemarle stock price fell by -0.359% on the last day (Tuesday, 2nd Jul 2024) from $97.41 to $97.06. During the last trading day the stock fluctuated 6.83% from a day low at $96.00 to a day high of $102.56. The price has fallen in 6 of the last 10 days and is down by -3.55% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $391.64 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.21% during the next 3 months and, with a 90% probability hold a price between $75.11 and $100.98 at the end of this 3-month period.
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ALB Signals & Forecast
There are mixed signals in the stock today. The Albemarle stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $114.11. On a fall, the stock will find some support from the short-term average at $96.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.62%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Albemarle stock
Albemarle finds support from accumulated volume at $95.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.56 between high and low, or 6.83%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Albemarle Corporation to open at $98.54, and during the day (based on 14 day Average True Range), to move between $92.42 and $101.70, which gives a possible trading interval of +/-$4.64 (+/-4.78%) up or down from last closing price. If Albemarle Corporation takes out the full calculated possible swing range there will be an estimated 9.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $95.52 (1.59%) than the resistance at $100.28 (3.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Albemarle Corporation stock A Buy?
Albemarle holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.048 Sell Candidate Unchanged
Predicted Opening Price for Albemarle Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$98.54 ( 1.52%) | $97.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 105.09 | 8.28% |
R2 | 102.59 | 5.70% |
R1 | 101.04 | 4.10% |
Price | 97.06 | |
S1 | 96.03 | -1.06% |
S2 | 94.49 | -2.65% |
S3 | 91.98 | -5.23% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 108.23 | 11.51% |
R2 | 100.63 | 3.68% |
R1 | 100.28 | 3.32% |
Price | 97.06 | |
S1 | 95.52 | -1.59% |
S2 | 94.66 | -2.47% |
S3 | 93.79 | -3.37% |
ALB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.400 | 0.411% |
2 | Feb 22, 2024 | Mar 15, 2024 | Apr 01, 2024 | $0.400 | 0.310% |
3 | Feb 22, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.400 | 0.310% |
4 | Oct 23, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.400 | 0.272% |
5 | Jul 18, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.400 | 0.246% |
FAQ
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