AMERICAN AIRLINES GROUP INC (AAL) Stock Technical Analysis
NASDAQ:AAL - Nasdaq - US02376R1023 - Common Stock - Currency: USD
Taking everything into account, AAL scores 5 out of 10 in our technical rating. AAL has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month AAL has a been trading in the 10.26 - 11.97 range, which is quite wide. It is currently trading near the high of this range.
AAL has an average volume of 57595600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, AAL turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
AAL is part of the Passenger Airlines industry. There are 22 other stocks in this industry, AAL did better than 42% of them.
AAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAL is lagging the market.
Although the technical rating is only medium, AAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.35, 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.
More info and screens
9.53
12.43
4 important support areas can be observed.
- A support zone ranging from 11.06 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.64 to 10.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.36 to 10.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.87 from a horizontal line in the weekly time frame.
- Resistance @12.31 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AAL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAL is up. |
| ChartMill Relative Strength | 60.88 | NEUTRAL | AAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.54 | NEUTRAL | The RSI value for AAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests AAL has a positive trend. |
| Stochastics (14,3) | 83.24 | OVERBOUGHT | The high Stochastics value suggests AAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for AAL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.26 | NEGATIVE | The low ADX value for AAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.69
+0.06 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.52%
1 Week5.03%
2 Weeks10.49%
1 Month2.36%
3 Month23.57%
6 Month-31.11%
12 Month5.89%
2 Year-30.21%
3 Year-14.73%
5 Year5.13%
10 Year-70.85%
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%3.65%
ATR Inc-28.93%
Range Today0.27
ADR(20)0.38
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.88
Mansfield-1.49
10 Day High11.93
10 Day Low10.26
20 Day High11.97
20 Day Low10.26
52 Week High19.1
52 Week Low8.5
CS1 End11.35
CR1 Start11.87
Volume & EV
DER(3)3.39%
DER(5)2.11%
Volume30.32M
Volume Incr-28.09%
Vol(5)39.82M
Vol(50)57.60M