Alcoa stock: buy or sell

AA stock price: $25.99 5.87% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

1

Alcoa stock brief

  • Alcoa stock skyrocketed 5.87% to close at $25.99 on the stock market on Monday.
  • Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally.

Should I buy Alcoa stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AA stock a buy?

In the current situation of Alcoa there is not any eligible buy setup. This doesn't mean $AA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Alcoa stock?

"To sell or not to sell", if you are holding Alcoa stock?. Much like when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very simple to follow but are only applicable for selling stocks in your porfolio, not for selling short Alcoa stock

As a rule of thumb, you must never keep a trading operation that shows a higher than expected losses at the time of the buy. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Alcoa stock?

Currently, Alcoa stock doesn't match any of our preferred sell setups, so if you own Alcoa stock and your operation is in profit probably is not time to sell now

Alcoa ratings

We don't have any rating published in the last month for Alcoa

Alcoa stock analysis

SMAs overview

AA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $26.18 (0.73% above)
  • R2: $26.20 (0.81% above)
  • R3: $26.31 (1.23% above)
  • The current support levels are:

  • S1: $25.82 (-0.65% below)
  • S2: $25.71 (-1.08% below)
  • S3: $25.70 (-1.12% below)
  • Bollinger bands

    Since the price surpassed the upper band last Wednesday, the price corrected downwards by 4.76%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    AA stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Thursday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Monday was 63.33

    AA stock RSI chart

    Alcoa stock price history

    Alcoa IPO was on Jan 2nd, 1962 at $0.00 per share1. Since then, AA stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Alcoa stock on Jan 1962, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    AA stock price history chart

    Price target for Alcoa stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price forecasts published by financial institutions over the last 30 days. If you are a small investor you must not invest based on these predictions.

    In the last month we couldn't find any price target published for Alcoa stock.

    Earnings and financials

    Alcoa ($AA) hosted the quarterly financial call and posted the report last January. Alcoa beat analysts estimates and presented of $0.26, that is a 136.36% improvement versus the predictions of $0.11. Despite this, reported revenues of $2.4 billion were in line with market estimates.

    This compares to Earnings of $-0.31 per share same quarter last year, so reported EPS is an increase of 183.87%. Looking at revenue, figures scarcely moved compared to $24.4B same quarter a year ago.

    Alcoa ($AA) releases quarterly financial report mid next April. Estimated for this quarter is $0.38, compared to $0.26 that was reported for Q4.

    Alcoa performance

    AA performance compared
    Company1m3m6m
    Alcoa ($AA) 39.40% 26.20% 73.20%

    Important note:
    The opinions contained in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational motives only

    Alcoa summary

    Monday, March 1st, 2021
    Open$25.67
    Close$25.99
    Day range$25.4 - $26.38
    Previous close$24.55
    Session gain5.87%
    Average true range$1.91
    50d mov avg$22.25
    100d mov avg$19.44
    200d mov avg$15.89
    Earnings dateApril 21st, 2021

    Frequently asked questions

    What is Alcoa stock symbol?

    Alcoa Corporation is a public company trading in the US stock market with the AA symbol

    Is Alcoa stock a buy or sell?

    Alcoa had no ratings in the last four weeks Read the article to get additional tips on trading AA stock.

    Will AA go up?

    There were no forecasts published by market analysts in the last month for Alcoa.