ALCOA CORP (AA) Technical Analysis
NYSE:AA • US0138721065
Current stock price
AA Technical Rating and Analysis
Overall AA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, AA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AA did better than 93% of all other stocks. On top of that, AA also shows a nice and consistent pattern of rising prices.
- AA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AA is leading the market.
- In the last month AA has a been trading in the 56.63 - 68.40 range, which is quite wide. It is currently trading near the high of this range.
- AA has an average volume of 8010710 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 63% of 157 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AA Weekly and Daily overview Charts
AA Setup Rating and Analysis
AA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 63.20, a Stop Loss order could be placed below this zone.
More info and screens
AA Support and Resistance Analysis
55.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 61.79 to 63.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.64 to 60.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @66.60 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 | UP | POSITIVE | The short term trend for AA is up. |
| ChartMill Relative Strength | 93.89 | POSITIVE | AA has a high relative strength, it outperformed 93.89% off all stocks 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) | UP | POSITIVE | The current price of AA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.91 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests AA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.84 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for AA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.28 | NEGATIVE | The low ADX value for AA suggests a weak or negative trend. |
AA Chart- and CandleStick Pattern Analysis
AA Example Setup
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 |
|---|---|---|---|
| 66.61 | 61.78 | 4.83 (7.25%) | 13.79% |
| An entry @66.61. This is a Buy Stop order right above the resistance zone. | An exit @61.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.83 points, which is 7.25%. | For a 1.00% total portfolio risk, you can invest 13.79% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AA. Please evaluate whether better entry and exit points can be found.
- 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.
AA Technicals: Chart, Performance Metrics, Trend & Indicators
65.42
-1.18 (-1.77%)
ALCOA CORP / AA TA FAQ
Can you provide the ChartMill technical rating for ALCOA CORP?
ChartMill assigns a technical rating of 10 / 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 56.9085. 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 positive.
What is the buy/sell signal for AA stock?
The buy/sell signal for ALCOA CORP (AA) is buy as both the short term and long term trends are positive.