Albemarle Corporation (ALB)

Albemarle stock forecast: buy or sell

Albemarle stock outlook

  • Albemarle closed today at $95.24 after slightly changing a 0.12%.
  • Evercore ISI posted a bearish rating for Albemarle today, targeting $86.00
  • Price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This uptrend marked a 96.49% gain
  • Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts.
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Important:
The thoughts written in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific circumstances 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 Thoughts are provided for education purposes only

Albemarle stock charts overview

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?

Currently, Albemarle stock doesn't match any of these trading strategies, so our recommendation is not to buy now. 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

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Should I sell Albemarle stock?

When you own a stock with some profit, it's really difficult to decide the good moment to sell and get your profits. As when we have to buy shares, deciding when is appropiate time to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling shares in your porfolio, not for shorting ALB stock

A golden rule is that you should not hold a trade that shows a higher than expected losses by the time of the buy. When to sell your stock must always 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

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Analysts' recommendations to buy or sell Albemarle stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

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

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Albemarle ratings

Brokerage firmRating
Sep 22nd, 2020
Evercore ISI Sell

Technical analysis

Since last March, Albemarle has been drawing an uptrend that by now marked a gorgeous 96.49%. The price shows higher highs and higher troughs, and along the way gave some buying opportunities for those who wanted to enter. Latest low was in mid-August, when price bounced at $88.77. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $101.00 and $88.77

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Further about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Market investors use supports and resistances as a way to spot price points in the stock price action that may work as obstacles, containing the price of an asset to move in certain direction. A support level is a level where the price may stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until finding another support level. On the contrary, resistance levels are where the price tends to find opposition as it rises. Again, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, the price will climb more easily until it hits the next resistance

The current resistances are:

  • R1: $97.76 (2.65% above)
  • R2: $97.99 (2.89% above)
  • R3: $98.01 (2.91% above)
  • The current supports are:

  • S1: $93.88 (-1.43% below)
  • S2: $93.53 (-1.8% below)
  • S3: $93.44 (-1.89% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. By essence, the Bollinger Bands are lines that flow around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band last Thursday, the price dropped by 5.67%

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to map the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 on September 3 after just crossing to the overbough zone for just one day (weak signal). The RSI value today was 53.1. Albemarle stock collapsed a 4.05% since then

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    Earnings and financials

    Albemarle Corporation (ALB) posted EPS for the fiscal second-quarter that strongly surpassed Wall St. expectations. Quarterly EPS was $0.86 per share versus $0.73. This Q2 report represents an earnings surprise of 17.81%. Sales was $764.0 million versus $715.3 million predicted by analysts.

    This compares to earnings of $1.55 per share a year ago, so reported EPS is a reduction of -44.52%. Revenue dropped a -13.67% on an annualized basis in the second-quarter, from $885.1M to $764.0M last quarter.

    Albemarle is posting earnings report on early next November. Wall Street predicts an earnings per share (EPS) of $0.77, compared to Q2 that made $0.86. Financial reporting day has a more than usual risk for stock traders as the results provided can soar and sink the stock price with lower volume and not honouring your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.

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