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NYSE:AER Shows Potential for a Breakout.

By Mill Chart

Last update: Jan 17, 2024

Our stock screener has spotted AERCAP HOLDINGS NV (NYSE:AER) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:AER.

AER Daily chart on 2024-01-17

What is the technical picture of NYSE:AER telling us.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, AER scores 7 out of 10 in our technical rating. Although AER is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • AER is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month AER has a been trading in the 70.48 - 75.18 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
  • Looking at the yearly performance, AER did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
  • AER is an average performer in the Trading Companies & Distributors industry, it outperforms 66% of 51 stocks in the same industry.

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

Why is NYSE:AER a setup?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:AER exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.

AER has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 74.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AER in the last couple of days, which is a good sign.

Trading breakout setups.

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Of course, there are many ways to trade or not trade NYSE:AER and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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AERCAP HOLDINGS NV

NYSE:AER (5/24/2024, 7:12:41 PM)

After market: 92.49 0 (0%)

92.49

+1.27 (+1.39%)

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