Air Lease Corporation Stock Forecast

Stronger technical forecast for Air Lease Corporation stock price after Wednesday trading.
(Updated on May 15, 2024)

AL Signals & Forecast

The Air Lease Corporation 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 $49.15 and $49.99. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -3.56%. 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).

Support, Risk & Stop-loss for Air Lease Corporation stock

Air Lease Corporation finds support from accumulated volume at $47.79 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 $0.730 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: $47.82 (-4.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (AL) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Air Lease Corporation to open at $50.10, and during the day (based on 14 day Average True Range), to move between $48.94 and $51.40, which gives a possible trading interval of +/-$1.23 (+/-2.45%) up or down from last closing price. If Air Lease Corporation takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $50.31 (0.28%) than the support at $47.79 (4.74%), 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.

Is Air Lease Corporation stock A Buy?

Air Lease Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.122 Hold/Accumulate Upgraded

Predicted Opening Price for Air Lease Corporation of Thursday, May 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.