Alcoa Technical Analysis

AA -- USA Stock  

Fiscal Quarter End: December 31, 2019  

As of the 7th of December Alcoa shows Mean Deviation of 2.24 and Risk Adjusted Performance of 0.032. 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 19.76 per share. Given that Alcoa has Jensen Alpha of (0.022375), we suggest you validate Alcoa Corporation prevailing market performance to make sure the company can sustain itself at future point.
Target PriceAdvice# of Analysts
25.22Hold9Odds
Alcoa Corporation current and past analyst recommendations published by number of research institutions as well as average analyst consensus
Alcoa Analyst Advice  
Horizon     30 Days    Login   to change

Alcoa Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Alcoa volatility developed by Welles Wilder. View also all equity analysis or get more info about 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   0.0049  which may indicate that the price for Alcoa Corporation will continue to decline. It has 122 observation points and a regression sum of squares at 0.92, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.

Alcoa December 7, 2019 Technical Indicators

Alcoa December 7, 2019 Daily Price Condition

Check also Trending Equities. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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