Aercap Holdings NV Stock Forecast
Aercap Holdings NV stock upgraded to Strong Buy Candidate.
(Updated on May 01, 2024)
The Aercap Holdings NV stock price gained 1.22% on the last trading day (Wednesday, 1st May 2024), rising from $84.49 to $85.52. During the last trading day the stock fluctuated 4.21% from a day low at $84.97 to a day high of $88.54. The price has risen in 7 of the last 10 days and is up by 2.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 672 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $226.32 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 12.75% during the next 3 months and, with a 90% probability hold a price between $94.49 and $103.61 at the end of this 3-month period.
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AER Signals & Forecast
The Aercap Holdings NV stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $85.52. On a fall, the stock will find some support from the long-term average at approximately $85.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 26, 2024, and so far it has fallen -2.41%. Further fall is indicated until a new bottom pivot has been found.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.58 between high and low, or 4.21%. For the last week the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $82.00 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (AER) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aercap Holdings NV to open at $86.34, and during the day (based on 14 day Average True Range), to move between $83.56 and $87.48, which gives a possible trading interval of +/-$1.96 (+/-2.30%) up or down from last closing price. If Aercap Holdings NV takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $85.83 (0.36%) than the support at $84.04 (1.73%), 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 $2.34. 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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Strong Buy candidate.
Current score: 5.144 Strong Buy Candidate Upgraded
Predicted Opening Price for Aercap Holdings NV of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $86.34 ( 0.96%) | $85.52 |
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 | 89.92 | 5.14 % | |
| R2 | 88.55 | 3.54 % | ||
| R1 | 87.71 | 2.56 % | ||
| Current price: | 85.52 | |||
| Support | S1 | 84.98 | -0.636 % | |
| S2 | 84.13 | -1.62 % | ||
| S3 | 82.77 | -3.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.21 | 0.81 % | |
| R2 | 86.00 | 0.561 % | ||
| R1 | 85.83 | 0.362 % | ||
| Current price | 85.52 | |||
| Support | S1 | 84.04 | -1.73% | |
| S2 | 77.85 | -8.97% | ||
| S3 | 77.31 | -9.60% |
FAQ
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