The Greedy Trader Weekly Analysis
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Number of records: 7
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Alcoa Inc
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to 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 1.66 points, or 4.11%, and closed at 42.06 on Friday, October 05, 2018. Weekly volume was 68% above average.

Long-term trend: [See AA long-term trend chart]
A long-term downtrend had started on April 19, 2018 at 62.35 and reached 39.58 on September 26, 2018. AA lost 22.77 points, or 36.52%, in 22 weeks. The price is now at the 10.89% retracement level.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on August 28, 2018 at 45.65 and reached 39.58 on September 26, 2018. AA lost 6.07 points, or 13.30%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 39.30 and resistance is at 43.03. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly technical indicators are neutral.

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 October 3, 2018 at 45.45 and reached 41.60 on October 5, 2018. AA lost 3.85 points, or 8.47%, in 2 days. The price is now at the 11.95% 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.

The price is close to 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) 45.78
Williams' Percentage Range (W%R) 47.90
Lane's Stochastic (%D-Slow) 46.51
Greed/Fear Indicator (GFI) 48.14
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.99
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 30.35
Greed/Fear Indicator (GFI) 33.83
Moving Average Converg./Diverg. (MACD) -1.22
Trading Signals
Description Value Chart
Upper Bollinger Band 44.08
Quarterly Trendline Resistance 43.03
50 Day Moving Average 42.58
Daily Stochastic Crossing 42.57
Price 42.06
20 Day Moving Average 41.99
Weekly Stochastic Crossing 41.47
Lower Bollinger Band 40.12
Parabolic System 39.77
Quarterly Trendline Support 39.30
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Aluminum 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.45
High Date 10/03/2018
Low 41.60
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.45
High Date 10/03/2018
Low 41.60
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.58
Low Date 09/26/2018
High 45.45
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 43.03
Support 39.30
High 45.65
High Date 08/28/2018
Low 39.58
Low Date 09/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.35
High Date 04/19/2018
Low 39.58
Low Date 09/26/2018
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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