American Airlines Group Inc. Stock Forecast

American Airlines Group Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)

A1G.F Signals & Forecast

The American Airlines Group Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 13.16€ and 13.16€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 09, 2024, and so far it has fallen -1.14%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for American Airlines Group Inc. stock

American Airlines Group Inc. finds support from accumulated volume at 13.33€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0980€ between high and low, or 0.734%. For the last week the stock has had daily average volatility of 0.98%.

Our recommended stop-loss: 12.76€ (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (A1G.F) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect American Airlines Group Inc. to open at 13.38€, and during the day (based on 14 day Average True Range), to move between 13.06€ and 13.64€, which gives a possible trading interval of +/-0.293€ (+/-2.19%) up or down from last closing price. If American Airlines Group Inc. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 13.33€ (0.16%) than the resistance at 13.42€ (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Airlines Group Inc. stock A Buy?

American Airlines Group Inc. 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. 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 American Airlines Group Inc. of Monday, May 13, 2024

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