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

8

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.



Both the short term and long term trends are positive. This is a very positive sign.
AAL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AAL has an average volume of 27831400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AAL is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
AAL is an average performer in the Airlines industry, it outperforms 64% of 34 stocks in the same industry.
AAL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 16.08% 13.98% 11.21% -3.69% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 78.35 11.6514 - 21.42
AAL Weekly chart
AAL Daily chart

Support/Resistance Analysis


12.04

17.48
We found 5 important support areas.
  • 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.
We found 1 important resistance area.
  • 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

8

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.


ENTRYEXITDISTANCECAPITAL
17.3216.440.88 (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.
AAL Daily chart

AMERICAN AIRLINES GROUP INC16.96

NASDAQ:AAL (2/7/2023, 7:21:53 PM)+0.04 (+0.24%)

After market: 16.98 +0.02 (+0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Airlines

Performance
Today 0.24% 1 Week 5.08%
2 Weeks 5.87% 1 Month 16.08%
3 Month 13.98% 6 Month 11.21%

Volatility
ATR(14) 0.53 ATR(20)% 3.7%
ATR Inc -31.3% Range Today 0.49

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
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

Volume & EV
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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