LyondellBasell Industries NV stock trades under the ticker LYB & has shown recent bullishness that traders & investors should research further into for when market volatility has subsided.
LYB stock closed at $90.68/share on 5/22/2023.
LyondellBasell Industries NV LYB Stock’s Technical Performance Broken Down
LYB Stock Price: $90.68
10 Day Moving Average: $89.89
50 Day Moving Average: $91.34
200 Day Moving Average: $86.23
RSI: 48.03
MACD: -0.809, -0.812, 0.003
Yesterday, LYB stock completed a bullish MACD crossover, despite losing -0.23% on the day’s session.
Their RSI is neutral at 48 & recent trading volumes have been below average compared with the year prior, which when combined with the spinning top candlesticks from 6 of the last 8 sessions, highlights uncertainty in LYB stock’s share value by investors.
As a result, market participants would be wise to watch how they behave at their key support levels in the near-term in order to target an entry for when market volatility has cooled down.
LYB stock has support at the $89.89 (10 day moving average), $89.86, $89.70 & $88.98/share price levels, with resistance at the $91.34 (50 day moving average), $92.32, $93 & $93.32/share price levels.
LyondellBasell Industries NV LYB Stock As A Long-Term Investment
Long-term oriented investors will like LYB stock’s valuation metrics, with a 10.09 P/E (ttm) & a 2.39 P/B (mrq).
They recently reported -22.10% Quarterly Revenue Growth Y-o-Y, with -64.2% Quarterly Earnings Growth Y-o-Y, which should be researched further into before investing.
Their balance sheet will also require a more thorough examination as well, with $1.82B of Total Cash (mrq) & $13.1B of Total Debt (mrq).
LYB stock pays a 5.24% dividend, which appears to be sustainable in the long-run, as their payout ratio is 51.35%.
72.06% of LYB stock’s outstanding share float is owned by institutional investors.
LyondellBasell Industries NV LYB Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from LYB stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 6/16 expiration date.
The $90, $85 & $80 call options are all in-the-money, listed from highest to lowest level of open interest.
The $95, $100 & $105 puts are also in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
LYB stock has many interesting attributes that traders & investors will find appealing.
Investors will like their dividend, as well as their valuation metrics, but may want to dig deeper into their recent growth woes, as well as their balance sheet.
Traders will like their recent technical performance, as well as their liquid options.
All-in-all, it is worth taking a closer look into how LYB stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN LYB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***