The Alcoa stock price dipped to a new two-year low of 24.98 on December 26.
The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level.
Alcoa stock rises a bit above the 16-month bottom; bearish outlook in the medium-term. The Alcoa stock price dipped to a new 16-month low of 33.00 on October 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 within a narrow range. […]
Alcoa stock steadies near 15-month low; retracement is possible. Alcoa stock tumbled to a new 15-month low in the preceding week, reaching the 35.00 round number. Currently, the price is edging higher and the technical indicators are suggesting a possible upside pullback. The stochastic oscillator created a bullish crossover within the %K line and the %D line […]
Alcoa stock develops above rising trend line; momentum indicator confirms bullish structure. Alcoa stock has reversed back up again after finding support at the 46.75 level, which overlaps with the medium-term ascending trend line. The price remains above the 200-day simple moving average (SMA) suggesting further upside momentum. The RSI has been rising in recent […]