ALCOA CORP (AA) Stock Technical Analysis
USA - NYSE:AA - US0138721065 - Common Stock
Overall AA gets a technical rating of 7 out of 10. 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.
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. There is a support zone below the current price at 35.68, a Stop Loss order could be placed below this zone. 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.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.63 to 35.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.14 to 33.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @39.43 from a horizontal line in the weekly 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 | 56.72 | NEUTRAL | AA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AA is below 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) | 53.31 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests AA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.65 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for AA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.74 | 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 |
|---|---|---|---|
| 39.44 | 35.21 | 4.23 (10.74%) | 9.31% |
| An entry @39.44. This is a Buy Stop order right above the resistance zone. | An exit @35.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.23 points, which is 10.74%. | For a 1.00% total portfolio risk, you can invest 9.31% of your capital in this trade. |
- 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.
37.32
+0.62 (+1.69%)
ALCOA CORP / AA FAQ
Can you provide the ChartMill technical rating for ALCOA CORP?
ChartMill assigns a technical rating of 7 / 10 to AA.
Can you provide the trend direction for ALCOA CORP?
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 53.3054. This indicates that the stock is currently neutral.
What is the MACD signal for ALCOA CORP (AA) stock?
The MACD indicator for ALCOA CORP (AA) has a value of -0.360592, indicating a bearish trend.
Can you provide the support and resistance levels for ALCOA CORP?
ALCOA CORP (AA) has a support level at 35.68 and a resistance level at 39.43. Check the full technical report for our detailed analysis of AA support and resistance levels.