US02376R1023 - Common Stock - After market: 16.98 +0.02 (+0.12%)
Overall AAL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AAL is only an average performer.
Besides having an excellent technical rating, AAL 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 17.0. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.95, 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. Another positive sign is the recent Pocket Pivot signal.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @17.32. This is a Buy Stop order right above the resistance zone.||An exit @16.44. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 0.88 points, which is 5.08%.||For a 1.00% total portfolio risk, you can invest 19.68% of your capital in this trade.|
NASDAQ:AAL (2/7/2023, 7:21:53 PM)+0.04 (+0.24%)
|2 Weeks||5.87%||1 Month||16.08%|
|3 Month||13.98%||6 Month||11.21%|
|ATR Inc||-31.3%||Range Today||0.49|
|ST Trend||LT Trend|
|10 Day High||17.32||10 Day Low||15.73|
|20 Day High||17.64||20 Day Low||14.56|
|52 Week High||21.42||52 Week Low||11.65|
|CS1 End||16.95||CR1 Start||17|
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