American Airlines Stock Forecast
American Airlines stock price ended at $13.92 on Wednesday, after losing 2.18%.
(Updated on Apr 24, 2024)
The American Airlines stock price fell by -2.18% on the last day (Wednesday, 24th Apr 2024) from $14.23 to $13.92. During the last trading day the stock fluctuated 3.69% from a day low at $13.82 to a day high of $14.33. The price has risen in 6 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume has increased on the last day by 206 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 40 million shares were bought and sold for approximately $560.42 million.
The stock 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 -7.58% during the next 3 months and, with a 90% probability hold a price between $11.83 and $13.39 at the end of this 3-month period. 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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AAL Signals & Forecast
There are few to no technical positive signals at the moment. The American Airlines 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 $13.96 and $14.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -4.20%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for American Airlines stock
American Airlines finds support from accumulated volume at $13.89 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.510 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect American Airlines Group to open at $14.02, and during the day (based on 14 day Average True Range), to move between $13.42 and $14.42, which gives a possible trading interval of +/-$0.496 (+/-3.57%) up or down from last closing price. If American Airlines Group takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.89 (0.22%) than the resistance at $14.23 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
American Airlines will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for American Airlines, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.40% in the first trading day after earnings release.
Is American Airlines Group stock A Buy?
American Airlines 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.
Current score: -4.418 Sell Candidate Unchanged
Predicted Opening Price for American Airlines Group of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$14.02 ( 0.742%) | $13.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.53 | 4.41 % | |
R2 | 14.34 | 3.01 % | ||
R1 | 14.22 | 2.14 % | ||
Current price: | 13.92 | |||
Support | S1 | 13.83 | -0.657 % | |
S2 | 13.71 | -1.52 % | ||
S3 | 13.51 | -2.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.36 | 10.34 % | |
R2 | 14.90 | 7.04 % | ||
R1 | 14.23 | 2.23 % | ||
Current price | 13.92 | |||
Support | S1 | 13.89 | -0.216% | |
S2 | 13.83 | -0.647% | ||
S3 | 13.41 | -3.66% |
AAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 22, 2020 | Feb 04, 2020 | Feb 19, 2020 | $0.100 | 0.353% |
2 | Oct 22, 2019 | Nov 05, 2019 | Nov 20, 2019 | $0.100 | 0.354% |
3 | Jul 25, 2019 | Aug 06, 2019 | Aug 21, 2019 | $0.100 | 0.379% |
4 | Apr 26, 2019 | May 07, 2019 | May 22, 2019 | $0.100 | 0.334% |
5 | Jan 24, 2019 | Feb 05, 2019 | Feb 20, 2019 | $0.100 | 0.285% |
FAQ
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