Aercap Holdings NV Stock Forecast
Aercap Holdings NV stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Aercap Holdings NV stock price fell by -1.18% on the last day (Wednesday, 24th Apr 2024) from $86.13 to $85.11. During the last trading day the stock fluctuated 2.18% from a day low at $84.77 to a day high of $86.62. The price has been going up and down for this period, and there has been a 0.08% gain for the last 2 weeks. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 968 thousand shares were bought and sold for approximately $82.43 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.66% during the next 3 months and, with a 90% probability hold a price between $94.57 and $103.61 at the end of this 3-month period.
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AER Signals & Forecast
The Aercap Holdings NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $84.10 and $84.78. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aercap Holdings NV stock
Aercap Holdings NV finds support from accumulated volume at $84.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.85 (2.18%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $82.49 (-3.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (AER) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aercap Holdings NV to open at $85.50, and during the day (based on 14 day Average True Range), to move between $83.32 and $86.90, which gives a possible trading interval of +/-$1.79 (+/-2.11%) up or down from last closing price. If Aercap Holdings NV takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $85.39 (0.33%) than the support at $84.04 (1.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Aercap Holdings NV will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.38. We will update the financials statements for Aercap Holdings NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.73% in the first trading day after earnings release.
Is Aercap Holdings NV stock A Buy?
Aercap Holdings NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.757 Hold/Accumulate Downgraded
Predicted Opening Price for Aercap Holdings NV of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $85.50 ( 0.454%) | $85.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.35 | 2.63 % | |
| R2 | 86.64 | 1.80 % | ||
| R1 | 86.20 | 1.28 % | ||
| Current price: | 85.11 | |||
| Support | S1 | 84.79 | -0.376 % | |
| S2 | 84.35 | -0.89 % | ||
| S3 | 83.65 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.00 | 1.05 % | |
| R2 | 85.83 | 0.85 % | ||
| R1 | 85.39 | 0.329 % | ||
| Current price | 85.11 | |||
| Support | S1 | 84.04 | -1.26% | |
| S2 | 77.85 | -8.53% | ||
| S3 | 77.31 | -9.16% |
FAQ
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