ALCOA CORP (AA)
US0138721065 - Common Stock
Taking everything into account, AA scores 8 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
AA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AA is performing more or less in line with the market.
AA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AA has an average volume of 6565730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AA turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
AA is part of the Metals & Mining industry. There are 155 other stocks in this industry, AA did better than 51% of them.
AA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 35.19, a Stop Loss order could be placed below this zone.
More info and screens
26.03
37.56
3 important support areas can be observed.
- A support zone ranging from 35.19 to 35.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 28.11 to 28.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @36.50 from a horizontal line in the weekly time frame.
- Resistance @37.19 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.85
Mansfield0.61
10 Day High38.03
10 Day Low33.84
20 Day High38.03
20 Day Low33.2
52 Week High38.2
52 Week Low23.07
Performance
1 Week1.33%
2 Weeks-0.8%
1 Month8.22%
3 Month17.41%
6 Month52.87%
12 Month-3.23%
2 Year-46.99%
3 Year-1.91%
5 Year34.71%
10 Year19.14%
15 Year76.93%
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)-0.25
RSI(14)59.5
LBB35.16
UBB36.9
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 |
|---|---|---|---|
| 36.51 | 35.18 | 1.33 (3.64%) | 25.00% |
| An entry @36.51. This is a Buy Stop order right above the resistance zone. | An exit @35.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.33 points, which is 3.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The distance between exit and entry is rather small compared to the average daily movement of AA. Please evaluate whether better entry and exit points can be found.
- 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.
ALCOA CORP
NYSE:AA (4/25/2024, 4:35:30 PM)
After market: 35.93 -0.01 (-0.03%)35.94
-0.14 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.39%
1 Week1.33%
2 Weeks-0.8%
1 Month8.22%
3 Month17.41%
6 Month52.87%
12 Month-3.23%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.65
ATR(20)%4.39%
ATR Inc
Range Today1.28
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 High38.03
10 Day Low33.84
20 Day High38.03
20 Day Low33.2
52 Week High38.2
52 Week Low23.07
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.46M
Volume Incr-1.33%
Vol(5)6.72M
Vol(50)6.57M