|AA -- USA Stock|| |
USD 43.79 1.83 4.36%
shows prevailing Real Value
of $41.26975 per share. The current price of the firm is $43.79. At this time the firm appears to be over valued
. Macroaxis approximates value of Alcoa
from analyzing the firm fundamentals
such as Profit Margin
of 1.11% and Return On Equity of 8.06% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.
We’re going to take a look at this company use only technical analysis, as the chart can provide a variety of information. However, I do not recommend using strictly technical or fundamental analysis, but rather a mixture of both.
The chart has show that is broke a resistance area between $25 and $26, which had been tested multiple times. Price did eventually end up breaking the resistance area, but did so on falling volume. After the breakout, price went sideways, creating a support level that has been tested twice, around the $28.50 area. It currently is in a range and this might be a great time to pay close attention because a break in either direction could signal a profit potential. So in the current situation, I would recommend waiting for price to break out of the current channel, which then could provide a larger movement in one direction.
Valuation Drivers Correlation
Net Income Per Employee Enterprise Value Market Capitalization
Alcoa Corporation Valuation Data Drivers
Alcoa Market Cap
Alcoa Corporation is rated below average
in market capitalization category among related companies. Market capitalization
industry is presently estimated at about 68.52 Billion. Alcoa retains roughly 8.17 Billion in market capitalization claiming about 12% of stocks in Aluminum industry.