Albemarle ALB Investment Analysis and Advice

Source: Stock Traders Daily

Longer Term Trading Plans for ALB
  • Buy ALB over 190.66 target 233.02 stop loss @ 190.11 Details
  • The technical summary data tells us to buy ALB near 190.66 with an upside target of 233.02. This data also tells us to set a stop loss @ 190.11 to protect against excessive loss in case the stock begins to move against the trade. 190.66 is the first level of support below 212.2 , and by rule, any test of support is a buy signal. In this case, support 190.66 would be being tested, so a buy signal would exist.

  • Short ALB under 233.02, target 190.66, stop loss @ 233.69 Details
  • The technical summary data is suggesting a short of ALB as it gets near 233.02 with a downside target of 190.66. We should have a stop loss in place at 233.69though. 233.02 is the first level of resistance above 212.2, and by rule, any test of resistance is a short signal. In this case, if resistance 233.02 is being tested, so a short signal would exist.

Swing Trading Plans for ALB
  • Buy ALB over 233.02, target 276.42, Stop Loss @ 232.35 Details
  • If 233.02 begins to break higher, the technical summary data tells us to buy ALB just over 233.02, with an upside target of 276.42. The data also tells us to set a stop loss @ 232.35 in case the stock turns against the trade. 233.02 is the first level of resistance above 212.2, and by rule, any break above resistance is a buy signal. In this case, 233.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ALB near 233.02, target 210.01, Stop Loss @ 233.69. Details
  • The technical summary data is suggesting a short of ALB if it tests 233.02 with a downside target of 210.01. We should have a stop loss in place at 233.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 233.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALB
  • Buy ALB over 223.28, target 233.02, Stop Loss @ 222.76 Details
  • If 223.28 begins to break higher, the technical summary data tells us to buy ALB just over 223.28, with an upside target of 233.02. The data also tells us to set a stop loss @ 222.76 in case the stock turns against the trade. 223.28 is the first level of resistance above 212.2, and by rule, any break above resistance is a buy signal. In this case, 223.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ALB near 223.28, target 211.46, Stop Loss @ 223.8. Details
  • The technical summary data is suggesting a short of ALB if it tests 223.28 with a downside target of 211.46. We should have a stop loss in place at 223.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 223.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ALB Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 190.66
P2 211.46 189.34 233.02
P3 223.28 210.01 276.42

ALB Long Term Analysis for June 23 2022


ALB Swing Trading Analysis for June 23 2022


ALB Day Trading Analysis for June 23 2022

Prudent Investment Analysis requires observations of the support and resistance levels for Albemarle (NYSE: ALB) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALB too.  All of these are offered below the Summary Table.

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