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Alcoa Technical Analysis
Alcoa Trend AnalysisUse this graph to draw trend lines for Alcoa Corporation. You can use it to identify possible trend reversals for Alcoa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Alcoa Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Alcoa Corporation applied against its price change over selected period. The best fit line has a slop of 0.33 % which may indicate that the price for Alcoa Corporation will continue to decline. It has 34 observation points and a regression sum of squares at 89.64, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.