RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ALB
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Red day on Friday for Albemarle
(Updated on Jul 19, 2024)

Hold candidate since Jul 18, 2024 Loss -1.83% PDF

The Albemarle stock price fell by -1.83% on the last day (Friday, 19th Jul 2024) from $93.81 to $92.09. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.19% from a day low at $90.05 to a day high of $92.93. The price has fallen in 6 of the last 10 days and is down by -6.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -534 thousand shares and in total, 2 million shares were bought and sold for approximately $164.72 million.

The stock lies in the middle of a 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 -26.92% during the next 3 months and, with a 90% probability hold a price between $62.35 and $77.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ALB Signals & Forecast

There are mixed signals in the stock today. The Albemarle stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $95.71 and $103.13. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, July 09, 2024, and so far it has risen 1.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Albemarle stock

Albemarle finds support from accumulated volume at $90.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.88 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 4.72%.

Our recommended stop-loss: $86.77 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (ALB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Albemarle Corporation to open at $91.69, and during the day (based on 14 day Average True Range), to move between $87.42 and $96.76, which gives a possible trading interval of +/-$4.67 (+/-5.07%) up or down from last closing price. If Albemarle Corporation takes out the full calculated possible swing range there will be an estimated 10.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $90.47 (1.76%) than the resistance at $93.79 (1.85%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.688 Hold/Accumulate Unchanged

Predicted Opening Price for Albemarle Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$91.69 ( 0.436%) $92.09

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 94.56 2.69%
R2 93.47 1.49%
R1 92.79 0.756%
Price 92.09
S1 90.59 -1.63%
S2 89.91 -2.37%
S3 88.81 -3.56%

Accumulated Volume Support & Resistance Levels

Level Price
R3 100.28 8.89%
R2 94.66 2.79%
R1 93.79 1.85%
Price 92.09
S1 90.47 -1.76%
S2 0 -
S3 0 -

ALB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 16, 2024 Sep 13, 2024 Oct 01, 2024 $0.405 0.440%
2 May 07, 2024 Jun 14, 2024 Jul 01, 2024 $0.400 0.411%
3 Feb 22, 2024 Mar 15, 2024 Apr 01, 2024 $0.400 0.310%
4 Feb 22, 2024 Mar 14, 2024 Apr 01, 2024 $0.400 0.310%
5 Oct 23, 2023 Dec 14, 2023 Jan 02, 2024 $0.400 0.272%

FAQ

What is the symbol for Albemarle Stock and on which exchange is it traded?
The symbol for Albemarle is ALB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Albemarle Stock?
Albemarle holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Albemarle Stock?
Albemarle Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Albemarle Stock.

What's the current price of Albemarle Stock?
As of the end of day on the Jul 19, 2024, the price of an Albemarle (ALB) share was $92.09.

What is the 52-week high and low for Albemarle Stock?
The 52-week high for Albemarle Stock is $231.30 and the 52-week low is $90.05.

What is the market capitalization of Albemarle Stock?
As of the Jul 19, 2024, the market capitalization of Albemarle is 10.823B.

When is the next earnings date for Albemarle?
The upcoming earnings date for Albemarle is Jul 31, 2024.
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About Albemarle Corporation

Albemarle Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, hig... ALB Profile

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