Bullish vs. Bearish (35 opinions)
Social Sentiment 0.17
AAL Forecast and Technical Stock Analysis
Hold candidate since 2019-10-11 Gain 0.95% PDF
American Airlines Group gained 0.95% in the last trading day ( Monday, 14th Oct 2019 ), rising from $27.36 to $27.62 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.92% from a day low at $27.14 to a day high of $27.66. The price has risen in 6 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume fell in the last day by -4.32 million shares and in total, 3.16 million shares bought and sold for approximately $87.32 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AAL stock price was $29.25 and low was $24.51.
- 90 day high was $34.99 and low was $24.23.
- 52 week high for American Airlines Group - $40.58 and low - $24.23.
American Airlines Group lies in the middle of a very 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 -16.14% during the next 3 months and, with 90% probability hold a price between $18.05 and $24.76 at the end of this period.
American Airlines Group holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $26.73 and $27.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 03, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 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
On the downside, the stock finds support just below today's level from accumulated volume at $26.10 and $25.83.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Airlines Group finds support just below today's level at $26.10. If this is broken, then the next support from accumulated volume will be at $25.83 and $25.37.
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 $0.52 (1.92%) between high and low. For the last week, the stock has had daily average volatility of 2.99%.
Since the American Airlines Group has been rising for 6 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $26.57 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)
2.99 %Average volatility
Very Low Low Medium High Very High
American Airlines Group holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 35 votes on StockTwits.
|AAL $27.62 ($0.26 0.95%)|
AAL is up $0.26 today, but where's it headed in 2019?
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