American Airlines Group Inc. Stock Forecast

American Airlines Group Inc. stock downgraded from Sell Candidate to Strong Sell Candidate after Wednesday trading session.
(Updated on May 22, 2024)

A1G.F Signals & Forecast

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. The American Airlines Group Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 13.46€ and 13.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.42%. 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 12.87€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.164€ between high and low, or 1.26%. For the last week the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (A1G.F) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect American Airlines Group Inc. to open at 13.07€, and during the day (based on 14 day Average True Range), to move between 12.80€ and 13.40€, which gives a possible trading interval of +/-0.300€ (+/-2.29%) 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 4.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 13.33€ (1.77%) than the support at 12.87€ (1.77%), 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 American Airlines Group Inc. stock A Buy?

American Airlines Group Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.940 Strong Sell Candidate Downgraded

Predicted Opening Price for American Airlines Group Inc. of Thursday, May 23, 2024

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