USA - New York Stock Exchange - NYSE:AA - US0138721065 - Common Stock
Taking everything into account, AA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AA is showing a nice and steady performance.
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.
35.83
When analyzing the support we can see 3 important areas.
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 | 95.86 | POSITIVE | AA has a high relative strength, it outperformed 95.86% 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) | 77.56 | OVERBOUGHT | The high RSI value suggests AA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests AA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.91 | OVERBOUGHT | The high Stochastics value suggests AA may be overbought. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AA suggests some volalility. |
| Average Directional Index/ADX (14) | 51.06 | POSITIVE | The high ADX value value for AA suggests a strong trend. |
63.67
+2.58 (+4.22%)
ChartMill assigns a technical rating of 9 / 10 to AA.
The current trend direction for ALCOA CORP (AA) is Bullish.
ALCOA CORP (AA) has an RSI value of 77.5645. This indicates that the stock is currently overbought.
The short term momentum for ALCOA CORP (AA) is positive.
The buy/sell signal for ALCOA CORP (AA) is buy as both the short term and long term trends are positive.