AMERICAN AIRLINES GROUP INC (AAL) 16.96 +0.04 (+0.24%)
16.96 +0.04 (+0.24%)
US02376R1023 - Common Stock - After market: 16.98 +0.02 (+0.12%)
Technical Rating
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.
Statistics
Support/Resistance Analysis
12.04
- A support zone ranging from 16.45 to 16.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.96 from a horizontal line in the daily time frame.
- Support @13.10 from a trend line in the weekly time frame.
- Support @12.51 from a trend line in the daily time frame.
- Support @12.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.00 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.32 | 16.44 | 0.88 (5.08%) | 19.68% |
| 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. |
- 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.
AMERICAN AIRLINES GROUP INC16.96
NASDAQ:AAL (2/7/2023, 7:21:53 PM)+0.04 (+0.24%)
| GICS Sector | Industrials | ||
| GICS Industry | Airlines | ||
| Today | 0.24% | 1 Week | 5.08% |
| 2 Weeks | 5.87% | 1 Month | 16.08% |
| 3 Month | 13.98% | 6 Month | 11.21% |
| ATR(14) | 0.53 | ATR(20)% | 3.7% |
| ATR Inc | -31.3% | Range Today | 0.49 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 78.35 | Mansfield | 0.94 |
| 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 |
| DER(3) | -0.35% | DER(5) | 3.11% |
| Volume | 19.05M | Volume Incr | -29.85% |
| Vol(5) | 23.80M | Vol(50) | 27.83M |
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