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Alcoa Stock Forecast - Period Momentum Indicator

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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.
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On December 5, 2019 Alcoa Corporation had Period Momentum Indicator of (3.77). Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.
  Previous Period Momentum IndicatorPeriod Momentum IndicatorTrend
(3.66)(3.77)
Check Alcoa Volatility | Backtest Alcoa | Trend Details  

Alcoa Trading Date Momentum

On December 06 2019 Alcoa Corporation was traded for  20.60  at the closing time. The highest price during the trading period was 20.90  and the lowest recorded bid was listed for  20.06 . The volume for the day was 5.2 M. This history from December 6, 2019 contributed to the next trading day price increase. The overall trading delta to the next closing price was 3.67% . The overall trading delta to the current price is 1.76% .
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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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?
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98% Bullish
2% Bearish
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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 Commodity Channel Index module to use commodity channel index to analyze current equity momentum.