Chart of the Day: Alcoa (AA)

NYSE: AA | Alcoa Corp. News, Ratings, and Charts

AA – Alcoa (AA) is hovering under resistance.

A resistance level has formed in the chart of the world’s largest bauxite miner and alumina refiner by production volume, Alcoa (AA).

Alcoa reported earnings last week and beat EPS and revenue estimates. As a result the stock has been trading higher.  

Take a look at the 1-year chart of Alcoa (AA) below with added notations:

Chart of AA provided by TradingView

During the past two months, AA has formed a key level of resistance at $14 (red). The stock has tested that $14 level twice since the beginning of June.

A solid close above that $14 level should lead to higher prices for AA.  Therefore a long trade could be entered on a breakthrough of that level.  

Keep an eye on commodity prices as AA’s profits are closely tied to prevailing commodity prices along the aluminum supply chain.

Have a good trading day!

Good luck!

Christian Tharp, CMT

@cmtstockcoach

Want More Great Investing Ideas?

5 WINNING Stock Charts  

9 “BUY THE DIP” Growth Stocks for 2020

Newly REVISED 2020 Stock Market Outlook

7 “Safe-Haven” Dividend Stocks for Turbulent Times


AA shares were trading at $13.28 per share on Wednesday morning, up $0.12 (+0.91%). Year-to-date, AA has declined -38.26%, versus a 2.27% rise in the benchmark S&P 500 index during the same period.


About the Author: christian


Christian is an expert stock market coach at the Adam Mesh Trading Group who has mentored more than 4,000 traders and investors. He is a professional technical analyst that is a certified Chartered Market Technician (CMT), which is a designation awarded by the CMT Association. Christian is also the author of the daily online newsletter Todays Big Stock. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
AAGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

2022 Stock Market Outlook

The stock market (SPY) has continued on a bullish path in 2021. Will that continue in 2022? And what could happen to awaken the bear market from hibernation? 40 year investment veteran Steve Reitmeister explores this and more in this early edition of his 2022 Stock Market Outlook. Read on for full details below...

:  |  News, Ratings, and Charts

3 Highly Profitable Tech Stocks to Buy

Aside from a recent fall, tech stocks have shown bullish momentum since May. Whether or not this momentum continues, making sure you're invested in highly profitable tech stocks can provide your portfolio the potential for strong returns. That's why investors should consider high profit tech stocks such as Cadence Design Systems, Inc. (CDNS), KLA Corporation (KLAC), and Skyworks Solutions, Inc. (SWKS).

:  |  News, Ratings, and Charts

How to Turn Low Priced Stocks into BIG Winners?

Some investors are into growth stocks...some prefer value stocks while others are into momentum, income, chart patterns, insider trading and more. But one area that most investors agree upon is the great appeal in buying low priced stocks. Like those under $10 given the potential that prices soar and you easily beat the stock market (SPY). Read on to discover our brand new strategy for selecting low priced stocks that has led to a surprising +62.88% average annual return. Get the rest below...

:  |  News, Ratings, and Charts

3 Growth Stocks You Can Buy at a Reasonable Price

Even with growth stocks falling last week, investors are still pouring money into companies with strong growth potential. When you add in a value component, you get the best of both worlds. That's why investors should consider growth at a reasonable price stocks such as Westlake Chemical Corporation (WLK), ManpowerGroup (MAN), AutoNation, Inc. (AN).

:  |  News, Ratings, and Charts

How to Turn Low Priced Stocks into BIG Winners?

Some investors are into growth stocks...some prefer value stocks while others are into momentum, income, chart patterns, insider trading and more. But one area that most investors agree upon is the great appeal in buying low priced stocks. Like those under $10 given the potential that prices soar and you easily beat the stock market (SPY). Read on to discover our brand new strategy for selecting low priced stocks that has led to a surprising +62.88% average annual return. Get the rest below...

Read More Stories

More Alcoa Corp. (AA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AA News