Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
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Taking everything into account, AAL scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, AAL has proven to be a steady performer, scoring decent points in every aspect analyzed.
AAL 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2784.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2622.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AAL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1,653.50
We found 4 important support areas.
- A support zone ranging from 2619.50 to 2622.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2484.15 from a trend line in the daily time frame.
- Support @1762.42 from a trend line in the daily time frame.
- Support @1670.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2784.00 to 2784.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2,657.06 | 2,619.49 | 37.57 (1.41%) | 25.00% |
| An entry @2657.06. This is a Buy Stop order right above the 10 day moving average. | An exit @2619.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 37.57 points, which is 1.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%. |
- The distance between exit and entry is rather small compared to the average daily movement of AAL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.