ALCOA CORP (AA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AA - US0138721065 - Common Stock
We assign a technical rating of 10 out of 10 to AA. 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.
- AA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AA is lagging the market slightly.
- In the last month AA has a been trading in the 47.03 - 66.95 range, which is quite wide. It is currently trading near the high of this range.
- AA has an average volume of 6733890 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 48% of 156 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although AA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.16
3 important support areas can be observed.
- A support zone ranging from 59.51 to 60.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.69 from a trend line in the daily time frame.
- Support @36.53 from a trend 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 | UP | POSITIVE | The short term trend for AA is up. |
| ChartMill Relative Strength | 93.71 | POSITIVE | AA has a high relative strength, it outperformed 93.71% 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) | 59.94 | NEUTRAL | The RSI value for AA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AA has a negative trend. |
| Stochastics (14,3) | 71.84 | NEUTRAL | The Stochastics value for AA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for AA suggests some volalility. |
| Average Directional Index/ADX (14) | 50 | POSITIVE | The high ADX value value for AA suggests a strong trend. |
60.07
-3.74 (-5.86%)
ALCOA CORP / AA 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 59.9415. 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.