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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/08/2024 10:35:00 EST
Alcoa Corp (AA)
Industry: Aluminum
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, AA has been trading in a range between $42.65 and $37.40 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AA is trading below resistance at $44.54, about 7% to the upside. There is support at $37.12 -11% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Alcoa Corp $AA entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $35.27, a potential down side of -16.89% from the recent price of 42.44. The stock is trading 7.16% (potential upside) below its 52 week high of $45.48 and 85.9 % (potential downside) above its 52 week low of $22.83 - based on the recent price.
Company Summary
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.
News
| Up 17% This Year, Will Alcoa Stock Gain Further Following Q2 Earnings? Alcoa is expected to publish its Q2 2024 results around July 17, reporting on a quarter that saw aluminum prices pick up notably. Alcoa stock has fared well this year, rising by 17% since early January. Source: Forbes Tue, 02 Jul 2024 06:00:36 -0400 Sentiment: Positive |
| 3 Stocks Upgraded by Analysts: Home Depot, U.S. Steel, Alcoa Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing his or her job over a particular stock's rating. Source: MarketBeat Mon, 01 Jul 2024 07:13:08 -0400 Sentiment: Neutral |
| Alcoa Announces Agreement on Industrial-Scale Demonstration of ELYSIS™ Carbon-Free Smelting Technology PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced further progress on ELYSIS technology with Rio Tinto's plans to launch the first industrial-scale demonstration of the breakthrough technology, which eliminates all greenhouse gas (GHG) emissions from the traditional smelting process and produces oxygen as a byproduct. Established in 2018, ELYSIS is a technology partnership between Alcoa and Rio Tinto to advance technology first developed at the Alcoa Technical Center (AT. Source: Business Wire Fri, 28 Jun 2024 10:00:00 -0400 Sentiment: Neutral |
| The 3 Hottest Stock Upgrades From Last Week The S&P 500 continues to enjoy a solid run as the improving macro environment, coupled with the AI optimism and recent stock upgrades, provides solid support for risk assets. Last week, Goldman Sachs (NYSE: GS ) increased its year-end forecast for the S&P 500 Index to 5,600, up from the previous target of 5,200. Source: InvestorPlace Thu, 27 Jun 2024 13:24:00 -0400 Sentiment: Positive |
| 3 Beautiful Blue-Chip Stocks You Can Buy for Less Than $100 Are stocks set to rip higher in the second half of 2024? Or will investors be in for a nasty October surprise? Source: InvestorPlace Thu, 27 Jun 2024 06:20:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 45.48 52 Week Low: 22.8334 Beta: 2.456 50 Day MA: 39.826 200 Day MA: 31.7091 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.81 Qtr Revenue Growth YOY: -0.027 Forward PE: 80 Trailing PE: 0