Alcoa Corp (AA) Price

The P/E ratio of Alcoa Corp is 136.2319

Mr. William Oplinger is the President of Alcoa Corp, joining the firm since 2016.

The current price of AA is $32.77, it has increased 0.15% in the last trading day.

Alcoa Corp belongs to Metals & Mining industry and the sector is Materials

Alcoa Corp's current market cap is $8.4B

According to wall street analysts, 15 analysts have made analyst ratings for Alcoa Corp, including 6 strong buy, 7 buy, 7 hold, 1 sell, and 6 strong sell

Looks like you're watching the charts closely, anon. Alcoa (AA) is pulling back today mainly due to technical resistance after a decent run-up. The stock is struggling to break past the ~$34.50 level, and with momentum indicators like the RSI and MACD showing signs of exhaustion, some traders are taking profits. There's no major news driving this drop; it's a classic technical breather.

Let's break down the metrics. The story here is less about fundamentals and more about what the chart is telling us.

• Technical Resistance is Real: The stock has been testing a key daily resistance level around $34.50. Today's high was $34.14, showing it approached that ceiling and got rejected. When a stock fails to break a resistance level, a pullback is common as short-term traders cash out.

• Fading Momentum: On the daily chart, momentum is clearly weakening.

  • RSI (14): The daily RSI has cooled off from a high of 64.36 earlier in the week to 58.34. This indicates that the buying pressure is losing steam.
  • MACD: The MACD histogram, which measures the distance between the MACD line and its signal line, has been shrinking for the past two days. This is a classic signal that the bullish trend is losing strength.
  • Moving Averages: The price is currently flirting with its 200-day moving average ($32.05). This is a critical long-term indicator. A sustained drop below this level could signal a more bearish trend ahead.

• Sentiment Check: While the short-term picture is shaky, the longer-term sentiment is still fairly positive.

  • Analyst Consensus: Wall Street analysts maintain a "BUY" rating on AA, with a mean price target of $34.95. This suggests they believe there's still upside from the current price.
  • Insider & Congressional Moves: There's no recent insider activity to suggest panic. However, it's worth noting that Rep. Michael McCaul's spouse sold some shares back in June and August. Make of that what you will.

Actionable Alpha:

This looks like a technical pullback, not a fundamental shift. The key support level to watch is around $30.71. If the price holds above the 200-day MA ($32.05) and this support level, it might present a dip-buying opportunity for those who believe in the bullish analyst case. A break below could mean more pain is coming.

So, maybe hold off on aping in just yet. Watch those support levels before you become someone else's exit liquidity.