Alcoa $AA is Weak on a Near Term Basis, Shown in Charts and Graphs

Alcoa (NYSE: AA) is Weak on a Near Term Basis, Shown in Charts and Graphs below. 

Suggestion: update this report regularly because the data changes as the stock price changes over time.

Continued Below

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The technical data in the table below shows both support and resistance levels, and that data allows us to create objective trading plans.  The data can be used to create swing trading, day trading, and longer term trading plans, each with integrated risk controls; we do this for about 1300 other stocks too.

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Review the AA Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 46.70 40.61 41.23
P2 47.53 44.95 50.15
P3 48.44 49.43 59.36

Long Term Trading Plans for AA

July 17, 2018, 9:50 am ET

The technical Summary and Trading Plans for AA help you make important decisions; where to buy, where to sell, and where to set risk controls. Market direction matters too, so review our market analysis in conjunction with this. Better yet, use our Stock Correlation Filters to find stocks that are likely to move with the market.

AA - (Long) Support Plan

Buy over 41.23 target 50.15 stop loss @ 40.97.
The technical summary data tells us to buy AA near 41.23 with an upside target of 50.15. This data also tells us to set a stop loss @ 40.97 to protect against excessive loss in case the stock begins to move against the trade. 41.23 is the first level of support below 47.41 , and by rule, any test of support is a buy signal. In this case, support 41.23 would be being tested, so a buy signal would exist.

AA - (Short) Resistance Plan

Short under 50.15 target 41.23 stop loss @ 50.41.
The technical summary data is suggesting a short of AA as it gets near 50.15 with a downside target of 41.23. We should have a stop loss in place at 50.41 though. 50.15 is the first level of resistance above 47.41, and by rule, any test of resistance is a short signal. In this case, if resistance 50.15 is being tested, so a short signal would exist.

AA Long Term Analysis

AA EPS Analysis

AA Revenue chart

AA Growth rate - Quarterly

AA Growth rate - Yearly

AA PE chart

AA PEG chart