Albemarle stock: buy or sell
Apr 22nd, 2021
Albemarle stock brief
- Albemarle closed on Wednesday at $153.05 after exploding a 3.05%.
- Evercore ISI published a buy rating for Albemarle last Monday, with a forecast of $200.00
- Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine Specialties, and Catalysts.
Should I buy Albemarle stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ALB stock a buy?
In the current situation of Albemarle there is not any eligible buy setup. This doesn't mean $ALB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Albemarle stock?
"To sell or not to sell", if you are holding Albemarle shares?. Trading strategies prevent us from making impulsive decisions based on our emotions or the buzz surrounding the market. We like very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for selling short Albemarle stock
As a rule of thumb, you should never mantain an operation that shows a greater losses than those expected at the time of purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Albemarle stock?
Currently, Albemarle stock doesn't match any of our preferred sell setups, so if you hold Albemarle stock and your operation is in profit probably is not time to sell now
In the last 30 days, just one brokerage rating was published for Albemarle
|Apr 19th, 2021|
|Evercore ISI||Neutral → Buy|
Albemarle stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band last Monday, the price dropped by 4.20%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Albemarle stock price history
Albemarle started trading priced at an adjusted price1 of $4.58 on Feb 1994. Since then, ALB stock surged by 3,241.70%, with an average of 120.06% per year. If you had invested thousand dollars in Albemarle stock at that time, it would have a value of $33,417.03 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Albemarle stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by brokerage institutions in the last 30 days. If you are a small trader you shouldn't trade based on these forecasts.
There is just one price target available for Albemarle that forecasts a price of $200.00.
|Brokerage firm||Price target|
|Apr 19th, 2021|
|Evercore ISI||$160.00 → $200.00|
Earnings and financials
Last February, Albemarle ($ALB) had the quarterly earnings event and released the report. Albemarle surpassed market estimates and posted of $1.17, that is a 6.36% increase versus the forecasts of $1.10. Even so, reported revenues of $879.2 million were in line with Wall St. estimates.Compared to the same quarter one year ago, EPS was $1.73, so current EPS means a decrease of -32.37%. Looking at revenue, figures fell a -11.43% compared to $9.9B same quarter a year ago.
Albemarle ($ALB) will host the Q1 earnings call next Wednesday. Market forecasts of $0.80, compared to previous quarter that was $1.17.
Important:The comments contained in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning purposes only
|Wednesday, April 21st, 2021|
|Day range||$146.52 - $153.14|
|Average true range||$6.18|
|50d mov avg||$151.69|
|100d mov avg||$153.83|
|200d mov avg||$123.98|
|Earnings date||May 5th, 2021|