Investors can use this prediction interface to forecast Alcoa historic prices and determine the direction of Alcoa Inc future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Alcoa historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Alcoa Inc systematic risks associated with finding meaningful patterns of Alcoa fundamentals over time. Check also Historical Fundamental Analysis of Alcoa
to cross-verify your projections.
Alcoa Inc has current Daily Balance Of Power of 0.124. Balance of Power indicator (or BOP) measures the strength of Alcoa Inc market sensitivity to bulls and bears. It estimates the ability of Alcoa buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Alcoa Balance of Power indicator one can determine a trend of the price direction.
Alcoa Trading Date Momentum
|On February 25 2017 Alcoa Inc was traded for 34.48 at the closing time. The highest price during the trading period was 34.64 and the lowest recorded bid was listed for 33.35 . The volume for the day was 5.8 M. This history from February 25, 2017 did not affect price variability. The overall trading delta to the current price is 1.94% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.