LyondellBasell Industries NV (LYB) has been under a strong bear grip, hence the stock is down -1.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.68% in the past 1 week. The stock has risen by 1.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.44% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.45% and the 50-Day Moving Average is 0.19%.The 200 Day SMA reached 4.06% LyondellBasell Industries N.V. has dropped 3.66% during the last 3-month period . Year-to-Date the stock performance stands at -9.41%.
LyondellBasell Industries NV (LYB) : The highest level LyondellBasell Industries NV (LYB) is projected to reach is $115 for the short term and the lowest estimate is at $75. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $89 and the possibility the share price can swing is $12.07.
Company shares have received an average consensus rating of Hold for the current week LyondellBasell Industries NV (NYSE:LYB): The stock opened at $75.92 and touched an intraday high of $77.31 on Friday. During the day, the stock corrected to an intraday low of $75.56, however, the bulls stepped in and pushed the price higher to close in the green at $77.12 with a gain of 0.78% for the day. The total traded volume for the day was 5,193,577. The stock had closed at $76.52 in the previous trading session.
LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.