Technical Analysis for AAI - Alcoa Inc

Grade Last Price % Change Price Change
A 71.100 1.21% 0.850
AAI closed up 1.21 percent on Friday, November 22, 2024, on 1.27 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%

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Profile

Alcoa Inc Description

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.


Classification

Sector: Basic Materials
Industry: Aluminum

Is AAI a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 71.67
52 Week Low 41.5192
Average Volume 241,891
200-Day Moving Average 0.000
50-Day Moving Average 60.334
20-Day Moving Average 65.348
10-Day Moving Average 67.251
Average True Range 1.838
RSI (14) 68.75
ADX 29.91
+DI 52.377
-DI 22.502
Chandelier Exit (Long, 3 ATRs) 66.157
Chandelier Exit (Short, 3 ATRs) 65.633
Upper Bollinger Bands 72.197
Lower Bollinger Band 58.500
Percent B (%b) 0.92
BandWidth 20.960
MACD Line 2.732
MACD Signal Line 2.392
MACD Histogram 0.3398
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 72.360
Resistance 3 (R3) 72.410 72.040 72.150
Resistance 2 (R2) 72.040 71.719 72.015 72.080
Resistance 1 (R1) 71.570 71.521 71.805 71.520 72.010
Pivot Point 71.200 71.200 71.318 71.175 71.200
Support 1 (S1) 70.730 70.879 70.965 70.680 70.190
Support 2 (S2) 70.360 70.681 70.335 70.120
Support 3 (S3) 69.890 70.360 70.050
Support 4 (S4) 69.840