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AAL Forecast and Technical Stock Analysis
Sell candidate since 2020-01-24 PDF
American Airlines Group fell by -4.03% in the last day ( Friday, 24th Jan 2020 ) from $28.80 to $27.64 During the day the stock fluctuated 6.85% from a day low at $27.01 to a day high of $28.86. The price has risen in 7 of the last 10 days , but is still down by -1.11% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7.62 million shares and in total 17.91 million shares bought and sold for approximately $495.09 million.
- 30 day high of the AAL stock price was $29.81 and low was $26.04.
- 90 day high was $31.67 and low was $26.04.
- 52 week high for American Airlines Group - $37.23 and low - $24.23.
American Airlines Group lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.37% during the next 3 months and, with 90% probability hold a price between $23.06 and $26.06 at the end of this period.
There are few to none technical positive signals at the moment. American Airlines Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $27.88 and $27.96. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 23, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
American Airlines Group finds support from accumulated volume at $27.53.
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 $1.85 (6.85%) between high and low. For the last week, the stock has had daily average volatility of 5.25%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.25 %Average volatility
Very Low Low Medium High Very High
American Airlines Group 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 last evaluation from a Buy Candidate to a Strong Sell Candidate candidate.
|AAL $27.64 ($-1.16 -4.03%)|
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