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.
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.
Check the latest full technical report of AER for a complete technical analysis.
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.
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.
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.
AERCAP HOLDINGS NV
NYSE:AER (4/22/2024, 7:04:00 PM)
After market: 84.41 0 (0%)84.41
+1.2 (+1.44%)
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