Albemarle stock: buy or sell

ALB stock price: $153.05 3.05% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

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

Albemarle ratings

In the last 30 days, just one brokerage rating was published for Albemarle

Albemarle analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Evercore ISI NeutralBuy

Albemarle stock analysis

SMAs overview

ALB stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $159.76 (4.38% above)
  • R2: $162.00 (5.85% above)
  • R3: $187.87 (22.75% above)
  • The current support levels are:

  • S1: $141.94 (-7.26% below)
  • S2: $137.08 (-10.43% below)
  • S3: $133.48 (-12.79% below)
  • Bollinger bands

    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

    ALB stock Bollinger Bands chart

    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.

    ALB stock RSI chart

    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

    ALB stock price history chart

    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.

    Albemarle stock price predictions
    Brokerage firmPrice 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.

    Albemarle performance

    ALB performance compared
    Company1m3m6m
    Albemarle ($ALB) 1.50% -15.50% 64.60%

    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

    Albemarle summary

    Wednesday, April 21st, 2021
    Open$147.86
    Close$153.05
    Day range$146.52 - $153.14
    Previous close$148.52
    Session gain3.05%
    Average true range$6.18
    50d mov avg$151.69
    100d mov avg$153.83
    200d mov avg$123.98
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Albemarle stock symbol?

    Albemarle Corporation is a public company trading in the US stock market with the ALB symbol

    Is Albemarle stock a buy or sell?

    Albemarle had one rating in the last four weeks Read the article to get additional tips on trading ALB stock.

    Will ALB go up?

    Albemarle had different price predictions published by market analysts in the last 30 days setting the target price to $200.00. That is a 30.68% than the current price ($153.05).