Technical Analysis for AA - Alcoa Inc.

Grade Last Price % Change Price Change
B 41.22 2.67% 1.07
AA closed up 2.67 percent on Friday, May 17, 2024, on 68 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Sell Signal Bearish 2.67%

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Profile

Alcoa Inc. Description

Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment engages in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Global Rolled Products segment engages in the production and sale of aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions, as well as hard alloy extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The company has operations primarily in the United States, Australia, Spain, Brazil, the Netherlands, Norway, France, the Russian Federation, Hungary, Italy, the United Kingdom, China, and Germany. Alcoa Inc. was founded in 1888 and is based in New York, New York.


Classification

Sector: Basic Materials
Industry: Aluminum
Keywords: Mining Oil And Gas Consumer Electronics Chemical Substances Alloys Fasteners Wheels Engineered Products Titanium Extrusion Bauxite Forging Aluminium Investment Castings Structural System

Is AA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

S

SwingScalp about 1 year ago

I trade this name frequently.  Will keep it in my sights.  Aluminum and wider Materials group is weakening very recently though...

0 Reply
T

TraderMike about 1 year ago

Another one from the 180 Bullish Setup scan that looks ready to lift off from its 50 DMA

0 Reply

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Indicators

Indicator Value
52 Week High 41.55
52 Week Low 22.8889
Average Volume 6,009,367
200-Day Moving Average 29.85
50-Day Moving Average 35.08
20-Day Moving Average 37.42
10-Day Moving Average 38.74
Average True Range 1.49
RSI (14) 70.06
ADX 22.23
+DI 34.66
-DI 16.30
Chandelier Exit (Long, 3 ATRs) 37.09
Chandelier Exit (Short, 3 ATRs) 38.30
Upper Bollinger Bands 41.11
Lower Bollinger Band 33.74
Percent B (%b) 1.01
BandWidth 19.71
MACD Line 1.49
MACD Signal Line 1.18
MACD Histogram 0.3144
Fundamentals Value
Market Cap 7.36 Billion
Num Shares 178 Million
EPS -3.65
Price-to-Earnings (P/E) Ratio -11.29
Price-to-Sales 0.47
Price-to-Book 1.13
PEG Ratio -0.29
Dividend 0.40
Dividend Yield 0.97%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.56
Resistance 3 (R3) 42.52 42.03 42.33
Resistance 2 (R2) 42.03 41.69 42.05 42.26
Resistance 1 (R1) 41.63 41.48 41.83 41.67 42.18
Pivot Point 41.14 41.14 41.25 41.16 41.14
Support 1 (S1) 40.74 40.80 40.94 40.78 40.26
Support 2 (S2) 40.25 40.59 40.27 40.18
Support 3 (S3) 39.85 40.25 40.11
Support 4 (S4) 39.89