Alcoa Price Action Indicator

AA -- USA Stock  

USD 22.23  0.66  2.88%

Investors can use this prediction interface to forecast Alcoa historic 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. Check also Historical Fundamental Analysis of Alcoa to cross-verify your projections.
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On August 25, 2019 Alcoa Corporation had Price Action Indicator of (0.38). Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
  Previous Price Action IndicatorPrice Action IndicatorTrend
(0.37)(0.38)
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The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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