ALCOA CORP (AA) Stock Technical Analysis
NYSE:AA - New York Stock Exchange, Inc. - US0138721065 - Common Stock - Currency: USD
Taking everything into account, AA scores 2 out of 10 in our technical rating. AA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AA is a bad performer in the overall market: 88% of all stocks are doing better.
AA is one of the lesser performing stocks in the Metals & Mining industry. 86% of 154 stocks in the same industry do better.
AA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AA is lagging the market.
AA has an average volume of 6730360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AA has a been trading in the 25.83 - 30.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 27.13, a Stop Loss order could be placed below this zone.
More info and screens
23.27
29.91
2 important support areas can be observed.
- A support zone ranging from 26.60 to 27.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.07 to 28.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.40 to 29.61. 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 | DOWN | NEGATIVE | The long term trend for AA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AA is neutral. |
| ChartMill Relative Strength | 12.15 | NEGATIVE | AA has a low relative strength, it was outperformed by 87.85% 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) | 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) | 48.7 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AA has a negative trend. |
| Stochastics (14,3) | 59.19 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for AA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.07 | 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)
27.86
-0.49 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.73%
1 Week-3.46%
2 Weeks-0.04%
1 Month-1.45%
3 Month-17.94%
6 Month-26.37%
12 Month-31.04%
2 Year-17.89%
3 Year-38.88%
5 Year147.87%
10 Year11.57%
15 Year23.66%
Volatility
ATR(14)0.98
ATR(20)%3.48%
ATR Inc-26.91%
Range Today0.78
ADR(20)0.92
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.15
Mansfield-2.2
10 Day High30.02
10 Day Low27.78
20 Day High30.02
20 Day Low25.83
52 Week High47.77
52 Week Low21.53
CS1 End27.13
CR1 Start28.07
Volume & EV
DER(3)-2.17%
DER(5)0.34%
Volume7.89M
Volume Incr-10.15%
Vol(5)5.42M
Vol(50)6.73M