Alcoa Stock Technical Analysis

AA
 Stock
  

USD 44.78  0.80  1.76%   

As of the 1st of July, Alcoa Corp shows the mean deviation of 3.27, and Risk Adjusted Performance of (0.32). Alcoa Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Alcoa Corp, which can be compared to its rivals. Please confirm Alcoa Corp mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if Alcoa Corp is priced correctly, providing market reflects its regular price of 44.78 per share. Given that Alcoa Corp has jensen alpha of (0.62), we suggest you to validate Alcoa Corp's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Alcoa Corp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alcoa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Alcoa
Alcoa Corp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Alcoa Corp Analyst Consensus

Target PriceAdvice# of Analysts
61.63Buy8Odds
Alcoa Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Alcoa analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Alcoa stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Alcoa Corp, talking to its executives and customers, or listening to Alcoa conference calls.
Alcoa Analyst Advice Details
Alcoa Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Alcoa Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alcoa Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Alcoa Corp Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Alcoa Corp volatility developed by Welles Wilder.
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Alcoa Corp Trend Analysis

Use this graph to draw trend lines for Alcoa Corp. You can use it to identify possible trend reversals for Alcoa Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Alcoa Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alcoa Corp applied against its price change over selected period. The best fit line has a slop of   -0.63  , which may indicate that the price for Alcoa Corp will continue to decline. It has 122 observation points and a regression sum of squares at 15185.47, which is the sum of squared deviations for the predicted Alcoa Corp price change compared to its average price change.

About Alcoa Corp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Alcoa Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Alcoa Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alcoa Corp stock first instead of the macroeconomic environment surrounding Alcoa Corp. By analyzing Alcoa Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Alcoa Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Alcoa Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2018 2019 2021 (projected)
Long Term Debt to Equity0.330.440.37
Interest Coverage14.021.394.67

Alcoa Corp July 1, 2022 Technical Indicators

Most technical analysis of Alcoa help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alcoa from various momentum indicators to cycle indicators. When you analyze Alcoa charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Alcoa Corp July 1, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Alcoa stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Alcoa Corp price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Alcoa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.