The Greedy Trader Weekly Analysis
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Alcoa Inc
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Alcoa Inc (AA). During the week, the AA dropped -2.57 points, or -6.96%, and closed at 34.36 on Friday, November 09, 2018. Weekly volume was -24% 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 April 19, 2018 at 62.35 and reached 33.16 on October 26, 2018. AA lost 29.19 points, or 46.82%, in 27 weeks. Price is near the trend low.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on August 28, 2018 at 45.65 and reached 33.16 on October 26, 2018. AA lost 12.49 points, or 27.36%, in 8 weeks. The price is now at the 9.61% retracement level.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and 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 downtrend had started on November 8, 2018 at 37.94 and reached 33.82 on November 9, 2018. AA lost 4.12 points, or 10.86%, in 1 days. The price is now at the 13.11% retracement level.

Daily Technical Indicators: [See AA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 31, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.86
Williams' Percentage Range (W%R) 62.60
Lane's Stochastic (%D-Slow) 62.09
Greed/Fear Indicator (GFI) 43.44
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.08
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 16.01
Oversold
Greed/Fear Indicator (GFI) 25.64
Moving Average Converg./Diverg. (MACD) -2.08
Trading Signals
Description Value Chart
Upper Bollinger Band 39.78
50 Day Moving Average 39.17
Parabolic System 37.98
Daily Stochastic Crossing 36.24
20 Day Moving Average 36.13
Weekly Stochastic Crossing 35.49
Price 34.36
Lower Bollinger Band 33.32
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Aluminum 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.94
High Date 11/08/2018
Low 33.82
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.94
High Date 11/08/2018
Low 33.82
Low Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.16
Low Date 10/26/2018
High 37.94
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.65
High Date 08/28/2018
Low 33.16
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.35
High Date 04/19/2018
Low 33.16
Low Date 10/26/2018
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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