On October 2, 2024 Alcoa Inc had Daily Balance Of Power of 0.3761. Balance of Power indicator (or BOP) measures the strength of Alcoa Inc market sensitivity to bulls and bears. It estimates the ability of Alcoa buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Alcoa Balance of Power indicator one can determine a trend of the price direction.
On October 03 2024 Alcoa Inc was traded for 56.29 at the closing time. The maximum traded price for the trading interval was 56.88 and the lowest daily price was 55.98 . The daily volume was recorded at 89 K. The volume of trading on 3rd of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.85% . The overall trading delta to the closing price today is 0.25% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
For every potential investor in Alcoa, whether a beginner or expert, Alcoa's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alcoa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alcoa. Basic forecasting techniques help filter out the noise by identifying Alcoa's price trends.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alcoa stock to make a market-neutral strategy. Peer analysis of Alcoa could also be used in its relative valuation, which is a method of valuing Alcoa by comparing valuation metrics with similar companies.
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Alcoa's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Alcoa's current price.
Market strength indicators help investors to evaluate how Alcoa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alcoa shares will generate the highest return on investment. By undertsting and applying Alcoa stock market strength indicators, traders can identify Alcoa Inc entry and exit signals to maximize returns.
The analysis of Alcoa's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Alcoa's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alcoa stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
When running Alcoa's price analysis, check to measure Alcoa's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa is operating at the current time. Most of Alcoa's value examination focuses on studying past and present price action to predict the probability of Alcoa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa's price. Additionally, you may evaluate how the addition of Alcoa to your portfolios can decrease your overall portfolio volatility.