ALCOA CORP (AA) Stock Technical Analysis
NYSE:AA • US0138721065
Taking everything into account, AA scores 8 out of 10 in our technical rating. In the last year, AA was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, AA did better than 94% of all other stocks.
- AA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AA is lagging the market slightly.
- AA has an average volume of 7604360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AA is an average performer in the Metals & Mining industry, it outperforms 52% of 157 stocks in the same industry.
- In the last month AA has a been trading in the 55.04 - 64.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for AA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
43.01
We found 3 important support areas.
- Support @58.54 from a trend line in the daily time frame.
- A support zone ranging from 56.37 to 57.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.44 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for AA is neutral. |
| ChartMill Relative Strength | 94.5 | POSITIVE | AA has a high relative strength, it outperformed 94.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AA is above the rising 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) | 52.5 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests AA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.26 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for AA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for AA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.79 | 58.53 | 6.26 (9.66%) | 10.35% |
| An entry @64.79. This is a Buy Stop order right above the 10 day high. | An exit @58.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.26 points, which is 9.66%. | When investing 10.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
60.49
+0.8 (+1.34%)
ALCOA CORP / AA FAQ
Can you provide the ChartMill technical rating for ALCOA CORP?
ChartMill assigns a technical rating of 8 / 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 52.4957. 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 neutral.