Weaker Buy Today AAL ranks #1676 as BUY CANDIDATE. Stronger Buy
Today AAL ranks #1676 as BUY CANDIDATE.

AAL stock American Airlines Group

AAL stock
American Airlines Group

April 24, 2019
Change 0.06%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will AAL stock price go up or down on Thu, 25 Apr 2019?

American Airlines Group Forecast and Stock Analysis

Technical AAL stock analysis for April 24, 2019.

Buy candidate since 2019-04-24
Shorts n/a
Cash n/a
Loans n/a
Beta 1.53
ROA 2.41

American Airlines Group gained 0.06% in the last trading day, rising from $33.97 to $33.99 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.04% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.41 million more shares were traded than the day before. In total, 3.73 million shares bought and sold for approximately $126.92 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AAL stock was $33.99. This is 0.06% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.74% from a day low at $33.90 to a day high of $34.49.

30 day high of the AAL stock price was $35.24 and low was $29.97.
90 day high was $37.23 and low was $29.97.
52 week high for the American Airlines Group - $45.93 and low - $28.81.

Trend

American Airlines Group lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $34.31 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.94% during the next 3 months and, with 90% probability hold a price between $26.03 and $30.90 at the end of this period.

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Signals

Only positive signals in the chart today. American Airlines Group holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $34.00. On a fall, the stock will find some support from the long-term average at approximately $32.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

American Airlines Group finds support from accumulated volume at $32.99.

Support: $32.99 Price: $33.99 Resistance: $34.98

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.59 between high and low, or 1.74%. For the last week, the stock has had a daily average volatility of 2.06%.

Our recommended stoploss: $31.99 (-5.89%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today AAL ranks #1676 as BUY CANDIDATE. Stronger Buy
Today AAL ranks #1676 as BUY CANDIDATE.