The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Alcoa Inc
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Summary:
Weekly :Oversold sectorOversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 29.09Trend support at 29.14
Daily :Lane's Stochastic is oversold
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It was the negative week for the Alcoa Inc (AA). During the week, the AA dropped -2.99 points, or -9.40%, and closed at 28.82 on Friday, December 07, 2018. Weekly volume was -15% 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 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 August 28, 2018 at 45.65 and reached 28.12 on December 6, 2018. AA lost 17.53 points, or 38.40%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (29.09) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on November 8, 2018 at 37.94 and reached 28.12 on December 6, 2018. AA lost 9.82 points, or 25.88%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (29.14) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 3, 2018 at 33.47 and reached 28.12 on December 6, 2018. AA lost 5.35 points, or 15.98%, in 3 days. The price is now at the 13.08% retracement level.

Daily Technical Indicators: [See AA daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since November 19, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.01
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 18.36
Oversold
Greed/Fear Indicator (GFI) 21.68
Moving Average Converg./Diverg. (MACD) -1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.76
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 13.51
Oversold
Greed/Fear Indicator (GFI) 20.28
Moving Average Converg./Diverg. (MACD) -2.73
Trading Signals
Description Value Chart
Upper Bollinger Band 36.80
50 Day Moving Average 35.71
Quarterly Trendline Resistance 33.70
Monthly Trendline Resistance 33.26
20 Day Moving Average 32.93
Parabolic System 31.69
Weekly Stochastic Crossing 29.35
Daily Stochastic Crossing 29.25
Monthly Trendline Support 29.14
Quarterly Trendline Support 29.09
Price 28.82
Lower Bollinger Band 28.55
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Aluminum 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.47
High Date 12/03/2018
Low 28.12
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.47
High Date 12/03/2018
Low 28.12
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 33.26
Support 29.14
High 37.94
High Date 11/08/2018
Low 28.12
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 33.70
Support 29.09
High 45.65
High Date 08/28/2018
Low 28.12
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.35
High Date 04/19/2018
Low 28.12
Low Date 12/06/2018
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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