ALCOA CORP (AA) Stock Technical Analysis
USA - NYSE:AA - US0138721065 - Common Stock
36.25 USD
+1.23 (+3.51%)
35.7 USD
-0.55 (-1.52%)
We assign a technical rating of 8 out of 10 to AA. Although AA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AA is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 79% are performing better than AA.
The long and short term trends are both positive. This is looking good!
In the last month AA has a been trading in the 30.81 - 38.09 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AA has an average volume of 6111060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, AA outperforms 54% of them, which is more or less in line with the market.
AA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AA is lagging the market.
Although AA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.21
37.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.09 to 32.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.54 to 30.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.02 to 37.17. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for AA is up. |
| ChartMill Relative Strength | 54.59 | NEUTRAL | AA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AA is above the rising 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) | DOWN | MIXED | The current price of AA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.56 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests AA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.53 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for AA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for AA suggests a weak or negative trend. |
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)
36.25
+1.23 (+3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.51%
1 Week7.28%
2 Weeks7.09%
1 Month7.89%
3 Month19.52%
6 Month55.45%
12 Month-13.09%
2 Year41.38%
3 Year-7.12%
5 Year180.57%
10 Year81.26%
15 Year23.18%
Volatility
ATR(14)1.53
ATR(20)%3.87%
ATR Inc48.18%
Range Today1.29
ADR(20)1.28
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.59
Mansfield-0.14
10 Day High38.09
10 Day Low31.98
20 Day High38.09
20 Day Low30.81
52 Week High47.77
52 Week Low21.53
CS1 End32.84
CR1 Start37.02
Volume & EV
DER(3)-4.24%
DER(5)-1.54%
Volume6.30M
Volume Incr37.56%
Vol(5)8.90M
Vol(50)6.11M