ALCOA CORP (AA)

US0138721065 - Common Stock

33.76  -0.77 (-2.23%)

Technical Rating and Analysis

0

Taking everything into account, AA scores 0 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.

When comparing the yearly performance of all stocks, AA is a bad performer in the overall market: 73% of all stocks are doing better.
In the last month AA has a been trading in the 34.22 - 43.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AA has an average volume of 5041430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
AA is an average performer in the Metals & Mining industry, it outperforms 44% of 157 stocks in the same industry.
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.
Weekly and Daily overview Charts
AA Weekly chart
AA Daily chart
Setup Rating and Analysis

2

The technical rating of AA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

27.35

43.32

When analyzing the support we can see 2 important areas.

  • Support @30.42 from a trend line in the weekly time frame.
  • Support @27.63 from a trend line in the daily time frame.

4 important resistance areas can be observed.

  • A resistance zone ranging from 34.52 to 34.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 39.12 to 39.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @41.48 from a trend line in the daily time frame.
  • Resistance @42.89 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.76
Mansfield-0.5
10 Day High42.09
10 Day Low34.22
20 Day High43.1
20 Day Low34.22
52 Week High45.48
52 Week Low23.07
Performance
1 Week-12.14%
2 Weeks-17.11%
1 Month-14.53%
3 Month-6.37%
6 Month12.81%
12 Month-0.66%
2 Year-32.15%
3 Year-14%
5 Year53.53%
10 Year-5.93%
15 Year31.11%
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)
Technical Indicators
MACD(12,26,9)-0.63
RSI(14)30.48
LBB33.84
UBB43.89
AA Daily chart

ALCOA CORP

NYSE:AA (7/23/2024, 1:37:54 PM)

33.76

-0.77 (-2.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.23%
1 Week-12.14%
2 Weeks-17.11%
1 Month-14.53%
3 Month-6.37%
6 Month12.81%
12 Month-0.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.68
ATR(20)%4.44%
ATR Inc
Range Today0.71
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High42.09
10 Day Low34.22
20 Day High43.1
20 Day Low34.22
52 Week High45.48
52 Week Low23.07
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.84M
Volume Incr50.2%
Vol(5)6.85M
Vol(50)5.04M