American Airlines Stock Forecast
Green day on Thursday for American Airlines
(Updated on Mar 28, 2024)
The American Airlines stock price gained 0.327% on the last trading day (Thursday, 28th Mar 2024), rising from $15.30 to $15.35. During the last trading day the stock fluctuated 2.45% from a day low at $15.13 to a day high of $15.50. The price has risen in 7 of the last 10 days and is up by 9.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately $517.53 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.06% during the next 3 months and, with a 90% probability hold a price between $15.20 and $17.37 at the end of this 3-month period.
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AAL Signals & Forecast
Mostly positive signals in the chart today. The American Airlines stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.95 and $14.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 10.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for American Airlines stock
American Airlines finds support from accumulated volume at $14.90 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 $0.370 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $14.78 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AAL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect American Airlines Group to open at $15.32, and during the day (based on 14 day Average True Range), to move between $14.96 and $15.74, which gives a possible trading interval of +/-$0.385 (+/-2.51%) up or down from last closing price. If American Airlines Group takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.36 (0.07%) than the support at $14.90 (2.93%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American Airlines Group stock A Buy?
American Airlines holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.376 Strong Buy Candidate Unchanged
Predicted Opening Price for American Airlines Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$15.32 ( 0.174%) | $15.35 |
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 | 15.69 | 2.24 % | |
R2 | 15.55 | 1.32 % | ||
R1 | 15.46 | 0.747 % | ||
Current price: | 15.35 | |||
Support | S1 | 15.18 | -1.09 % | |
S2 | 15.09 | -1.66 % | ||
S3 | 14.95 | -2.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.68 | 2.15 % | |
R2 | 15.66 | 2.02 % | ||
R1 | 15.36 | 0.0651 % | ||
Current price | 15.35 | |||
Support | S1 | 14.90 | -2.93% | |
S2 | 14.00 | -8.79% | ||
S3 | 13.21 | -13.94% |
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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