The Greedy Trader Weekly Analysis
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Alcoa Inc
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Summary:
Weekly :Oversold sectorOversold industryBroken trend resistance lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Alcoa Inc (AA). During the week, the AA gained 2.26 points, or 5.29%, and closed at 44.98 on Friday, August 10, 2018. Weekly volume was 16% above average.

AA is a member of Basic Materials Sector. Basic Materials is the second most oversold sector. AA is a member of Aluminum Industry. Aluminum is the tenth most oversold industry. 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 40.03 on July 20, 2018. AA lost 22.32 points, or 35.80%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (36.75) 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 long-term trend.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on July 10, 2018 at 48.87 and reached 40.03 on July 20, 2018. AA lost 8.84 points, or 18.09%, in 1 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (42.41) 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. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 August 2, 2018 at 41.46 and reached 45.17 on August 10, 2018. AA gained -3.71 points, or -8.95%, in 8 days. The price is now at the 5.12% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.76
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 60.99
Greed/Fear Indicator (GFI) 51.84
Moving Average Converg./Diverg. (MACD) -1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.43
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 29.04
Greed/Fear Indicator (GFI) 28.25
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Upper Bollinger Band 47.91
50 Day Moving Average 45.63
Price 44.98
Yearly Trendline Resistance 43.83
Daily Stochastic Crossing 43.76
20 Day Moving Average 43.38
Quarterly Trendline Support 42.41
Weekly Stochastic Crossing 42.39
Parabolic System 40.47
Quarterly Trendline Resistance 40.34
Lower Bollinger Band 39.63
Yearly Trendline Support 36.75
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Aluminum 10
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.46
Low Date 08/02/2018
High 45.17
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.46
Low Date 08/02/2018
High 45.17
High Date 08/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.46
Low Date 08/02/2018
High 45.17
High Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 40.34
Support 42.41
High 48.87
High Date 07/10/2018
Low 40.03
Low Date 07/20/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 43.83
Support 36.75
High 62.35
High Date 04/19/2018
Low 40.03
Low Date 07/20/2018
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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