AERCAP HOLDINGS NV is setting up nicely for a breakout.

Our stockscreener has identified a possible breakout setup on AERCAP HOLDINGS NV (NYSE:AER). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:AER for potential opportunities.

Zooming in on the technicals.

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 8 out of 10 to AER. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AER is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• AER is part of the Trading Companies & Distributors industry. There are 52 other stocks in this industry. AER outperforms 70% of them.
• AER is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AER is lagging the market slightly.
• AER is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• When comparing the yearly performance of all stocks, we notice that AER is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Check the latest full technical report of AER for a complete technical analysis.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:AER scores a 9 out of 10:

AER has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 68.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NYSE:AER be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.