AMERICAN AIRLINES GROUP INC (AAL) Stock Technical Analysis
NASDAQ:AAL - Nasdaq - US02376R1023 - Common Stock - Currency: USD
Overall AAL gets a technical rating of 4 out of 10. In the past year, AAL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
AAL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
AAL has an average volume of 62386900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 69% of all stocks.
AAL is an average performer in the Passenger Airlines industry, it outperforms 42% of 22 stocks in the same industry.
In the last month AAL has a been trading in the 10.90 - 13.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AAL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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
13.08
We found 4 important support areas.
- A support zone ranging from 11.46 to 11.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.10 to 11.11. 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.86 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.20 from a trend line in the daily time frame.
- Resistance @12.52 from a horizontal line in the weekly time frame.
- Resistance @12.95 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 | NEUTRAL | NEUTRAL | The short term trend for AAL is neutral. |
| ChartMill Relative Strength | 69.19 | NEUTRAL | AAL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of AAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.08 | NEUTRAL | The RSI value for AAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests AAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.86 | NEUTRAL | The Stochastics value for AAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for AAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.6 | 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)
11.74
+0.1 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.86%
1 Week2%
2 Weeks-7.41%
1 Month2.26%
3 Month5.67%
6 Month-31.62%
12 Month19.07%
2 Year-20.3%
3 Year-9.62%
5 Year-10.04%
10 Year-69.88%
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.24%
ATR Inc0%
Range Today0.3
ADR(20)0.4
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.19
Mansfield-1.55
10 Day High11.84
10 Day Low10.9
20 Day High13.18
20 Day Low10.9
52 Week High19.1
52 Week Low8.5
CS1 End11.55
CR1 Start11.86
Volume & EV
DER(3)4.06%
DER(5)2.49%
Volume60.39M
Volume Incr0.69%
Vol(5)70.52M
Vol(50)62.39M