Albemarle Corporation (ALB) provides energy storage solutions worldwide. It operates through three segments: Energy storage, Specialties & Ketjen. It comes under Basic Materials sector & trades under “ALB” ticker at NYSE.
ALB favors rally against April-2025 low of $49.43 in yearly sequence. Further rally will confirm above November-2022 high of $334.55. Currently, it favors corrective pullback in 3 swings towards $100.2 or lower to correct April-2025 low before turning higher.
ALB: Elliott Wave Latest Daily View:
In yearly, it ended Grand super cycle of ((I)) at $334.55 high (Nov-2022) & proposed ended ((II)) at $49.43 low (April-2025). Within ((I)), it ended (I) at $144.99 high, (II) at $48.89 low, (III) at $291.48 high, (IV) at $169.93 low & (V) at $334.55 high. The ((II)) unfolded in double three correction. It ended (w) of ((II)) at $193.02 low, (x) at $247.44 high & (y) at $49.43 low. The ((II)) correction ended in weekly blue box area between $84.38 – $45.86 & reacted higher. It extends higher in impulse I sequence from April-2025 low & now correcting in zigzag correction.
ALB: Elliott Wave Latest Weekly View:
It expects another push lower between $100.2- $54.34 area, while bounce fail below $174.33 high (6.12.2026). Within I, it ended ((1)) at $87.45 high, ((2)) at $71.25 low, ((3)) at $206 high, ((4)) at $154.69 low & ((5)) at $221 high. Below May-2026 peak, it ended ((A)) of II at $146.76 low, ((B)) at $174.33 high & favors lower in ((C)). It favors downside in (1) of ((C)) & expects bounce soon in (2) before two more swings lower against 6.12.2026 high. Buyers expected to re-enter between $100.2 – $54.34 area for next rally or at least 3 swing bounce.