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|It was a first positive week for the Alcoa Inc (AA). During the week, the AA gained 1.79 points, or 4.37%, and closed at 42.79 on Friday, September 14, 2018. Weekly volume was -15% below average. |
AA is a member of Basic Materials Sector. Basic Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See AA long-term trend chart]
A long-term downtrend had started on January 1, 1900 at 0.00 and reached 0.00 on January 1, 1900. AA lost 0.00 points, or 0%, in 0 weeks. The chart has formed a N/A chart pattern.
Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on August 28, 2018 at 45.65 and reached 40.10 on September 7, 2018. AA lost 5.55 points, or 12.16%, in 1 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (40.47) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 18, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See AA short-term trend chart]
A short-term uptrend had started on September 12, 2018 at 40.32 and reached 42.91 on September 14, 2018. AA gained -2.59 points, or -6.42%, in 2 days. Price is near the trend high.
Daily Technical Indicators: [See AA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 5, 2018. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.