The Greedy Trader Weekly Analysis
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Archive
- 5/17/2019
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Alcoa Inc
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Summary:
Weekly :Oversold sectorOversold industryBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the negative week for the Alcoa Inc (AA). During the week, the AA dropped -0.54 points, or -2.16%, and closed at 24.50 on Friday, May 17, 2019. Weekly volume was -9% below average.

AA is a member of Basic Materials Sector. Basic Materials is the most oversold sector. AA is a member of Aluminum Industry. Aluminum is the fifth 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 23.88 on May 9, 2019. AA lost 38.47 points, or 61.70%, in 55 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (28.33) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 February 27, 2019 at 31.45 and reached 23.88 on May 9, 2019. AA lost 7.57 points, or 24.07%, in 10 weeks. The price is now at the 8.19% retracement level.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 above its signal line since February 1, 2019. The distance between MACD and the signal line is low and getting smaller. 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 April 8, 2019 at 29.73 and reached 23.88 on May 9, 2019. AA lost 5.85 points, or 19.68%, in 31 days. The price is now at the 10.60% retracement level.

Daily Technical Indicators: [See AA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 12, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.60
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 36.54
Greed/Fear Indicator (GFI) 26.47
Moving Average Converg./Diverg. (MACD) -0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.87
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 20.22
Greed/Fear Indicator (GFI) 23.64
Moving Average Converg./Diverg. (MACD) -2.67
Trading Signals
Description Value Chart
Upper Bollinger Band 28.39
Yearly Trendline Support 28.33
50 Day Moving Average 27.43
Yearly Trendline Resistance 26.11
20 Day Moving Average 26.03
Parabolic System 25.20
Weekly Stochastic Crossing 24.99
Daily Stochastic Crossing 24.52
Price 24.50
Lower Bollinger Band 23.39
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Aluminum 5
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25.47
High Date 05/14/2019
Low 24.35
Low Date 05/17/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.73
High Date 04/08/2019
Low 23.88
Low Date 05/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.45
High Date 02/27/2019
Low 23.88
Low Date 05/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.20
High Date 05/21/2018
Low 23.88
Low Date 05/09/2019
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 26.11
Support 28.33
High 62.35
High Date 04/19/2018
Low 23.88
Low Date 05/09/2019
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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