ALCOA CORP (AA) Stock Technical Analysis
NYSE:AA - US0138721065 - Common Stock
32.19 USD
+0.27 (+0.85%)
32.25 USD
+0.06 (+0.19%)
We assign a technical rating of 8 out of 10 to AA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AA is only an average performer.
AA is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 67% 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 28.50 - 32.47 range, which is quite wide. It is currently trading near the high of this range.
AA has an average volume of 5844780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AA turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
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.
AA has an excellent technical rating, but the quality of the setup is only medium 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
23.27
32.52
When analyzing the support we can see 5 important areas.
- Support @32.10 from a horizontal line in the daily time frame.
- A support zone ranging from 29.75 to 30.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.40 to 28.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.86 from a horizontal line in the daily time frame.
- Support @23.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.20 to 32.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 66.33 | 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 | NEGATIVE | The current price of AA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.2 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests AA has a positive trend. |
| Stochastics (14,3) | 87.37 | OVERBOUGHT | The high Stochastics value suggests AA may be overbought. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for AA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.85 | 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)
32.19
+0.27 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.85%
1 Week1.61%
2 Weeks2.94%
1 Month13.35%
3 Month20.25%
6 Month-3.19%
12 Month0.28%
2 Year7.01%
3 Year-34.94%
5 Year120.18%
10 Year52.1%
15 Year40.64%
Volatility
ATR(14)1.08
ATR(20)%3.32%
ATR Inc-25.64%
Range Today0.67
ADR(20)1.01
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.33
Mansfield-1.28
10 Day High32.47
10 Day Low28.92
20 Day High32.47
20 Day Low28.5
52 Week High47.77
52 Week Low21.53
CS1 End32.1
CR1 Start32.2
Volume & EV
DER(3)0.49%
DER(5)0.3%
Volume4.18M
Volume Incr-29.82%
Vol(5)3.82M
Vol(50)5.84M