The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Alcoa Inc
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend support line
Daily :Price has crossed below the 50 Day Moving AverageBearish Three Black Crows CandlestickWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the Alcoa Inc (AA). During the week, the AA dropped -3.17 points, or -6.46%, and closed at 45.92 on Friday, February 09, 2018. Weekly volume was -9% below average.

Long-term trend: [See AA long-term trend chart]
A long-term uptrend had started on June 16, 2017 at 29.55 and reached 57.50 on January 12, 2018. AA gained -27.95 points, or -94.59%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AA may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 57.50 and reached 44.15 on February 9, 2018. AA lost 13.35 points, or 23.22%, in 4 weeks. The price is now at the 13.26% retracement level.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See AA short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 54.63 and reached 44.15 on February 9, 2018. AA lost 10.48 points, or 19.18%, in 11 days. The price is now at the 16.89% retracement level.

Daily Technical Indicators: [See AA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 17, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See AA candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.18
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 13.52
Oversold
Greed/Fear Indicator (GFI) 18.87
Oversold
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.88
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 73.27
Greed/Fear Indicator (GFI) 54.14
Moving Average Converg./Diverg. (MACD) 3.51
Trading Signals
Description Value Chart
Upper Bollinger Band 56.93
Weekly Stochastic Crossing 52.47
20 Day Moving Average 52.00
Parabolic System 49.54
50 Day Moving Average 49.45
Yearly Trendline Support 48.22
Price 45.92
Daily Stochastic Crossing 45.48
Lower Bollinger Band 44.23
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Aluminum 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.63
High Date 01/29/2018
Low 44.15
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.63
High Date 01/29/2018
Low 44.15
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.50
High Date 01/12/2018
Low 44.15
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.22
Low Date 11/21/2017
High 57.50
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 57.22
Support 48.22
Low 29.55
Low Date 06/16/2017
High 57.50
High Date 01/12/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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