RSI low/high Values: [ 25 - 75 ]
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AI Analysis of AAL
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Stronger technical forecast for American Airlines stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 21, 2024 Gain 3.52% PDF

The American Airlines stock price gained 2.55% on the last trading day (Wednesday, 27th Mar 2024), rising from $14.92 to $15.30. During the last trading day the stock fluctuated 2.68% from a day low at $14.90 to a day high of $15.30. The price has risen in 6 of the last 10 days and is up by 9.29% 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, 4 million more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately $374.60 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 7.83% during the next 3 months and, with a 90% probability hold a price between $15.14 and $17.30 at the end of this 3-month period.

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AAL Signals & Forecast

The American Airlines stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $14.75 and $14.80. 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 9.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 $0.400 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: $14.71 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (AAL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect American Airlines Group to open at $15.17, and during the day (based on 14 day Average True Range), to move between $14.91 and $15.69, which gives a possible trading interval of +/-$0.386 (+/-2.52%) up or down from last closing price. If American Airlines Group takes out the full calculated possible swing range there will be an estimated 5.04% 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 (0.39%) than the support at $14.90 (2.61%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.283 Strong Buy Candidate Upgraded

Predicted Opening Price for American Airlines Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.17 ( 0.87%) $15.30

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 15.57 1.74 %
R2 15.41 0.744 %
R1 15.32 0.127 %
Current price: 15.30
Support S1 15.01 -1.87 %
S2 14.92 -2.49 %
S3 14.77 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.68 2.48 %
R2 15.66 2.35 %
R1 15.36 0.392 %
Current price 15.30
Support S1 14.90 -2.61%
S2 14.00 -8.50%
S3 13.21 -13.66%

AAL Dividend Payout History


# Declaration Date 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

What is the symbol for American Airlines Stock and on which exchange is it traded?
The symbol for American Airlines is AAL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Airlines Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy American Airlines Stock?
American Airlines Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Airlines Stock.

What's the current price of American Airlines Stock?
As of the end of day on the 2024-03-27, the price of an American Airlines (AAL) share was $15.30.

What is the 52-week high and low for American Airlines Stock?
The 52-week high for American Airlines Stock is $19.08 and the 52-week low is $10.86.

What is the market capitalization of American Airlines Stock?
As of the 2024-03-27, the market capitalization of American Airlines is 10.018B.

When is the next earnings date for American Airlines?
The upcoming earnings date for American Airlines is Apr 25, 2024.
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About American Airlines Group

American Airlines American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fle... AAL Profile

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