Air Lease Corporation Stock Forecast
Air Lease Corporation stock price down 0.238% on Tuesday
(Updated on Jun 18, 2024)
The Air Lease Corporation stock price fell by -0.238% on the last day (Tuesday, 18th Jun 2024) from $25.18 to $25.12. During the last trading day the stock fluctuated 0.88% from a day low at $25.12 to a day high of $25.34. The price has been going up and down for this period, and there has been a -0.24% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -764 shares and in total, 11 thousand shares were bought and sold for approximately $266.22 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Air Lease Corporation stock with a 90% probability to be traded between $24.51 and $24.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AL-PA Signals & Forecast
There are few to no technical positive signals at the moment. The Air Lease Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.21 and $25.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.10%. 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 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.
Support, Risk & Stop-loss for Air Lease Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 $0.220 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.98%
Our recommended stop-loss: $23.98 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AL-PA) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Air Lease Corporation to open at $25.19, and during the day (based on 14 day Average True Range), to move between $24.93 and $25.31, which gives a possible trading interval of +/-$0.188 (+/-0.75%) up or down from last closing price. If Air Lease Corporation takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $25.18, some $0.0600 (0.24%) from the current price of $25.12, our system finds the risk reward not very attractive.
Is Air Lease Corporation stock A Buy?
Air Lease Corporation 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Air Lease Corporation of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $25.19 ( 0.292%) | $25.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AL-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.41 | 1.17% |
| R2 | 25.33 | 0.83% |
| R1 | 25.28 | 0.626% |
| Price | 25.12 | |
| S1 | 25.11 | -0.0426% |
| S2 | 25.06 | -0.249% |
| S3 | 24.97 | -0.584% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.52 | 1.59% |
| R2 | 25.19 | 0.279% |
| R1 | 25.18 | 0.239% |
| Price | 25.12 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
AL-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 15, 2024 | $0.593 | 2.36% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.384 | 1.51% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.384 | 1.54% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.384 | 1.62% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 15, 2023 | $0.384 | 1.68% |
FAQ
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