Trading Alcoa $AA With Integrated Risk Controls
September 24, 2023, 14:45 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AA
- Buy AA slightly over 25.99 target 32.03 stop loss @ 25.91 Details
The technical summary data tells us to buy AA near 25.99 with an upside target of 32.03. This data also tells us to set a stop loss @ 25.91 to protect against excessive loss in case the stock begins to move against the trade. 25.99 is the first level of support below 28.35 , and by rule, any test of support is a buy signal. In this case, support 25.99 would be being tested, so a buy signal would exist.
- Short AA slightly under 32.03, target 25.99, stop loss @ 32.12 Details
The technical summary data is suggesting a short of AA as it gets near 32.03 with a downside target of 25.99. We should have a stop loss in place at 32.12though. 32.03 is the first level of resistance above 28.35, and by rule, any test of resistance is a short signal. In this case, if resistance 32.03 is being tested, so a short signal would exist.
Swing Trading Plans for AA
- Buy AA slightly over 29.30, target 32.03, Stop Loss @ 29.22 Details
If 29.30 begins to break higher, the technical summary data tells us to buy AA just slightly over 29.30, with an upside target of 32.03. The data also tells us to set a stop loss @ 29.22 in case the stock turns against the trade. 29.30 is the first level of resistance above 28.35, and by rule, any break above resistance is a buy signal. In this case, 29.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AA slightly near 29.30, target 27.81, Stop Loss @ 29.38. Details
The technical summary data is suggesting a short of AA if it tests 29.30 with a downside target of 27.81. We should have a stop loss in place at 29.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AA
- Buy AA slightly over 28.85, target 29.30, Stop Loss @ 28.78 Details
If 28.85 begins to break higher, the technical summary data tells us to buy AA just slightly over 28.85, with an upside target of 29.30. The data also tells us to set a stop loss @ 28.78 in case the stock turns against the trade. 28.85 is the first level of resistance above 28.35, and by rule, any break above resistance is a buy signal. In this case, 28.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AA slightly near 28.85, target 27.81, Stop Loss @ 28.92. Details
The technical summary data is suggesting a short of AA if it tests 28.85 with a downside target of 27.81. We should have a stop loss in place at 28.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Alcoa (AA) available here: AA.
AA Ratings for September 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
25.99 |
| P2 |
27.81 |
27.81 |
32.03 |
| P3 |
28.85 |
29.30 |
38.88 |
AI Generated Signals for AA
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Alcoa (NYSE: AA) report below can help you, but we have more details too. The trading plans for AA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for AA:
pool ads
