AMERICAN AIRLINES GROUP INC (AAL) Stock Technical Analysis
USA - NASDAQ:AAL - US02376R1023 - Common Stock
We assign a technical rating of 5 out of 10 to AAL. AAL was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
AAL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.88, a Stop Loss order could be placed below this zone.
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9.53
We found 4 important support areas.
- A support zone ranging from 11.83 to 11.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.23 to 11.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.03 from a horizontal line in the daily time frame.
- Support @9.63 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.44 to 13.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.79 to 13.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for AAL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAL is neutral. |
| ChartMill Relative Strength | 26.39 | NEGATIVE | AAL has a low relative strength, it was outperformed by 73.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AAL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.34 | NEUTRAL | The RSI value for AAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AAL has a negative trend. |
| Stochastics (14,3) | 37.28 | NEUTRAL | The Stochastics value for AAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for AAL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for AAL suggests a possible start of a new trend. |
12.76
-0.31 (-2.37%)
AMERICAN AIRLINES GROUP INC / AAL FAQ
What is the ChartMill technical rating of AMERICAN AIRLINES GROUP INC (AAL) stock?
ChartMill assigns a technical rating of 5 / 10 to AAL.
What is the current trend direction of AMERICAN AIRLINES GROUP INC (AAL) stock?
The current trend direction for AMERICAN AIRLINES GROUP INC (AAL) is Bullish.
What is the RSI signal for AAL stock?
AMERICAN AIRLINES GROUP INC (AAL) has an RSI value of 49.3364. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERICAN AIRLINES GROUP INC?
The MACD indicator for AMERICAN AIRLINES GROUP INC (AAL) has a value of -0.0409705, indicating a bearish trend.
What are the support and resistance levels for AMERICAN AIRLINES GROUP INC (AAL) stock?
AMERICAN AIRLINES GROUP INC (AAL) has a support level at 11.88 and a resistance level at 13.44. Check the full technical report for our detailed analysis of AAL support and resistance levels.