ALCOA CORP (AA) Technical Analysis
NYSE:AA • US0138721065
Current stock price
58.7 USD
+2.02 (+3.56%)
At close:
58.99 USD
+0.29 (+0.49%)
After Hours:
AA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to AA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month AA has a been trading in the 55.06 - 68.40 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that AA is one of the better performing stocks in the market, outperforming 91% of all stocks.
- AA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AA is performing more or less in line with the market.
- AA has an average volume of 7684080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- AA is an average performer in the Metals & Mining industry, it outperforms 67% of 159 stocks in the same industry.
AA Weekly and Daily overview Charts
AA Setup Rating and Analysis
AA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 56.44, a Stop Loss order could be placed below this zone.
More info and screens
AA Support and Resistance Analysis
55.51
66.33
We found 1 important support area.
- A support zone ranging from 56.07 to 57.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 61.38 to 62.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @63.68 from a horizontal line in the weekly time frame.
- Resistance @65.67 from a horizontal line in the daily time frame.
AA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AA is down. |
| ChartMill Relative Strength | 91.16 | POSITIVE | AA has a high relative strength, it outperformed 91.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.71 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests AA has a negative trend. |
| Stochastics (14,3) | 8.57 | OVERSOLD | The low Stochastics value suggests AA may be oversold. |
| Average True Range in percent/ATR (20) | 7.48 | HIGH VOLATILITY | The high ATR as a percentage value for AA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for AA suggests a weak or negative trend. |
AA Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
AA Technicals: Chart, Performance Metrics, Trend & Indicators
58.7
+2.02 (+3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.56%
1 Week-13.36%
2 Weeks-7.55%
1 Month-7.7%
3 Month4.48%
6 Month73.28%
12 Month84.87%
2 Year67.74%
3 Year33.18%
5 Year74.45%
10 Year164.18%
15 Year43.31%
Volatility
ATR(14)4.02
ATR(20)%7.48%
ATR Inc-43.33%
Range Today1.74
ADR(20)3.87
ADR(20)%6.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.16
3 months CRS80.33
6 months CRS97.14
Mansfield4.23
10 Day High68.16
10 Day Low55.06
20 Day High68.4
20 Day Low55.06
52 Week High68.4
52 Week Low21.53
CS1 End56.44
CR1 Start61.38
Volume & EV
DER(3)0.63%
DER(5)-0.2%
Volume3.81M
Volume Incr6.71%
Vol(5)7.12M
Vol(50)7.68M
ALCOA CORP / AA TA FAQ
Can you provide the ChartMill technical rating for ALCOA CORP?
ChartMill assigns a technical rating of 5 / 10 to AA.
What is the current trend direction of ALCOA CORP (AA) stock?
The current trend direction for ALCOA CORP (AA) is Bullish.
Can you provide the RSI signal for ALCOA CORP?
ALCOA CORP (AA) has an RSI value of 40.7052. This indicates that the stock is currently neutral.
What is the short term momentum for AA stock?
The short term momentum for ALCOA CORP (AA) is negative.
What is the buy/sell signal for AA stock?
The buy/sell signal for ALCOA CORP (AA) is hold as the short term and long term trends are mixed.