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Alcoa Corp (AA) Stock: What Does the Chart Say?

Tuesday, November 24, 2020 02:35 PM | InvestorsObserver Analysts

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Alcoa Corp (AA) Stock: What Does the Chart Say?

Alcoa Corp (AA) stock is higher by 13.03% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Alcoa Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AA!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AA Stock Today?

Alcoa Corp (AA) stock is trading at $20.65 as of 2:32 PM on Tuesday, Nov 24, a rise of $0.83, or 4.19% from the previous closing price of $19.82. The stock has traded between $19.66 and $21.00 so far today. Volume today is 5,046,392 compared to average volume of 5,774,914.

To see InvestorsObserver's Sentiment Score for Alcoa Corp click here.

More About Alcoa Corp

Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.

Click Here to get the full Stock Score Report on Alcoa Corp (AA) Stock.

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