ALCOA CORP Technical Analysis (NYSE:AA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ALCOA CORP stock price data and volume are plotted in AA stock charts and these trading charts form the basis of technical analysis.
See ALCOA CORP bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ALCOA CORP stock analysis.
ALCOA CORP Moving Average
Moving averages show the AA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $46.45 is above the price of $40.32.
ALCOA CORP Bollinger Bands
Bollinger bands comprise of a center line usually AA SMA, and two AA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $40.32 is in the lower range of ALCOA CORP bollinger bands.
ALCOA CORP Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The ALCOA CORP MACD indicator can be used to identify bullish and bearish trends for the stock.
ALCOA CORP Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 30.47 is the RSI value of AA stock.