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Aluminum

Check the daily chart of Aluminum. The closing price of 2022-12-02 was USD 2,549 per share.

Aluminum Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Aluminum Daily Moving Averages ChartAluminum Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Aluminum:

  • The Moving Average Convergence/Divergence (MACD) is 44.371. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Aluminum Daily Moving Average Convergence/Divergence (MACD) ChartAluminum Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Aluminum:

  • The ADX is 17.681. Not trending. -2
  • The ADX is rising, a new trend could be forming. +1
  • The +DI is higher than the -DI. The current trend is up. +2
Aluminum Daily Directional Movement Index (DMI) ChartAluminum Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Aluminum Daily Parabolic SAR ChartAluminum Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Aluminum Daily Relative Strength Index (RSI) ChartAluminum Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    Aluminum Daily Stochastic Oscillator ChartAluminum Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Aluminum Daily Commodity Channel Index (CCI) ChartAluminum Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Aluminum Daily Chande Momentum Oscillator (CMO) ChartAluminum Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Aluminum Daily Williams %R ChartAluminum Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Aluminum Daily Bollinger Bands ChartAluminum Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Aluminum Daily Average True Range (ATR) ChartAluminum Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Aluminum Daily On-Balance Volume (OBV) ChartAluminum Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Aluminum Daily Money Flow Index (MFI) ChartAluminum Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Aluminum.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-11-21STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE
    2022-11-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2022-11-23MACD SHORT ENTRY LONG CLOSE
    2022-11-24SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    2022-11-29SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE
    2022-11-30MACD LONG ENTRY SHORT CLOSE
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    MFI20 crossover to upside
    2022-12-01STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE

    5.2. Technical Score

    Let's check the technical score of Aluminum based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5067.205
    Ma 20Greater thanMa 502,406.275
    Ma 50Greater thanMa 1002,309.220
    Ma 100Greater thanMa 2002,340.030
    OpenGreater thanClose2,498.500
    Total2/5 (40.0%)

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