American Airlines Group Forecast and Stock Analysis
Technical AAL stock analysis for April 24, 2019.
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
American Airlines Group finds support from accumulated volume at $32.99.
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.)
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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.
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|AAL $33.99 ($0.02 0.06%)|
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