Albemarle stock: buy or sell
Jan 18th, 2021
Albemarle stock brief
- Albemarle closed last Friday at $180.14 after sliding a -1.22%.
- KeyCorp published a bearish rating for Albemarle last Friday, with a target of $101.00
- Price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This rally marked a 128.46% gain
- Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts.
Should I buy Albemarle stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?
How to know when is it time to sell Albemarle?. Trading strategies let us to avoid impetuous decisions based on our emotions or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short $ALB stock
A guiding principle is that you should never keep a trade that leads to losses greater than those expected by the time of purchase. When to sell your stock always has to be determined 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, 3 analyst ratings were published for Albemarle. General sentiment is bearish, with 2 out of 3 posting negative outlooks for the mid and long term
|Jan 5th, 2021|
|Vertical Research|| Neutral → |
|Jan 6th, 2021|
|Smith Barney Citigroup|| |
|Jan 15th, 2021|
Albemarle stock analysis
Since in September 2020, Albemarle has been drawing an uptrend that so far marked a gorgeous 128.46%. Rising tops and bottoms can be seen easily on a chart and how price action provided very few entry points on the breakouts. Latest low was last October, when price bounced at $89.83. Like in all uptrends, price needs to rest and now price is moving in a range between $187.25 and $89.83
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on January 8, the price has been corrected downwards by 3.63%
Relative strength index
Climbed over the overbought line last Friday, marking a value of 71.3. Contrary to what many investors may think, the fact that the value is in the overbought zone does not imply a sell point, as stock price can be in the overvalued zone for many, many weeks and continue to climb
Albemarle stock price history
Albemarle started trading priced at an adjusted price1 of $4.53 on Feb 1994. Since then, ALB stock has risen by 3,876.60%, with an average of 149.10% per year. An investment of thousand dollars at that time would worth $39,766.00 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 forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and usually. If you are a small trader you shouldn't invest based on these forecasts.
Averaging all price targets exposed below, the forecasted price for Albemarle stock is $138.00. That is a 23.39% than the current price ($180.14).
|Brokerage firm||Price target|
|Jan 5th, 2021|
|Vertical Research||Not available|
|Jan 6th, 2021|
|Smith Barney Citigroup||$132.00 → $175.00|
|Jan 15th, 2021|
|KeyCorp||$89.00 → $101.00|
Earnings and financials
Albemarle Corporation ($ALB) came out with earnings of $1.09 per share last November, highly upping the Wall St consensus estimate of $0.78 per share. This Q3 report means an earnings surprise of 39.74%. On the contrary, the company reported revenue was $746.9 million consistent with the market estimates.Compared to the same quarter last year, EPS was $1.53, so reported EPS is a loss of -28.76%. Looking at revenues, figures collapsed a -15.10% compared to $8.8B same quarter last year.
Albemarle ($ALB) is posting quarterly earnings report mid next February. Market analysts analysts forecast of $1.06, that is a 2.75% lower than Q3.
Please read:The comments expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular positions of the reader, his or her own financial statements 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 Thoughts are posted for education purposes only
|Friday, January 15th, 2021|
|Day range||$177.74 - $183.78|
|Average true range||$10.18|
|50d mov avg||$140.99|
|100d mov avg||$116.80|
|200d mov avg||$95.40|
|Earnings date||February 17th, 2021|