Alcoa Stock Forecast - Daily Balance Of Power

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:4em;padding-top: 25px;;'>AA</div>
AA -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Investors can use this prediction interface to forecast Alcoa historic stock prices and determine the direction of Alcoa Corporation future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Alcoa historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Alcoa Corporation systematic risks associated with finding meaningful patterns of Alcoa fundamentals over time. Please continue to Historical Fundamental Analysis of Alcoa to cross-verify your projections.
On December 6, 2019 Alcoa Corporation had Daily Balance Of Power of 0.5595. Balance of Power indicator (or BOP) measures the strength of Alcoa Corporation market sensitivity to bulls and bears. It estimates the ability of Alcoa buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Alcoa Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
Check Alcoa Volatility | Backtest Alcoa | Trend Details  

Alcoa Trading Date Momentum

On December 09 2019 Alcoa Corporation was traded for  20.25  at the closing time. The highest price during the trading period was 20.81  and the lowest recorded bid was listed for  20.12 . The volume for the day was 5.3 M. This history from December 9, 2019 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.70% . The overall trading delta to the current price is 0.24% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Alcoa to competition

Volatility Measures

Alcoa Risk Indicators

Current Sentiment - AA

Alcoa Investor Sentiment

Nearly all of Macroaxis users are presently bullish on Alcoa Corporation. What is your sentiment towards investing in Alcoa Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

Alcoa Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Alcoa and NORANDA ALUM HLDG. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Historical Fundamental Analysis of Alcoa to cross-verify your projections. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.