Alcoa Technical Analysis Overview

AA -- USA Stock  

USD 45.34  2.50  5.23%

Alcoa Corporation shows Mean Deviation of 1.55 and Risk Adjusted Performance of 0.01. Alcoa technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Alcoa Corporation which can be compared to its rivals. Please confirm Alcoa Mean Deviation, Standard Deviation, Treynor Ratio, as well as the relationship between Downside Deviation and Information Ratio to decide if Alcoa is priced correctly providing market reflects its regular price of 45.34 per share. Given that Alcoa has Jensen Alpha of 0.0, we suggest you validate Alcoa Corporation prevailing market performance to make sure the company can sustain itself at future point.
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Alcoa Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Alcoa volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Alcoa Trend Analysis

Use this graph to draw trend lines for Alcoa Corporation. You can use it to identify possible trend reversals for Alcoa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Alcoa Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alcoa Corporation applied against its price change over selected period. The best fit line has a slop of 0.03 % which may indicate that the price for Alcoa Corporation will continue to decline. It has 34 observation points and a regression sum of squares at 0.58, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.

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Correlation Analysis

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Alcoa Market Strength

Alcoa June 18, 2018 Daily Price Condition
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