AMERICAN AIRLINES GROUP INC (AAL) Stock Technical Analysis
USA - NASDAQ:AAL - US02376R1023 - Common Stock
12.33 USD
-0.12 (-0.96%)
12.32 USD
-0.01 (-0.08%)
Overall AAL gets a technical rating of 3 out of 10. In the last year, AAL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
AAL is part of the Passenger Airlines industry. There are 21 other stocks in this industry, of which 80% are performing better than AAL.
In the last month AAL has a been trading in the 12.00 - 14.01 range, which is quite wide. It is currently trading near the lows of this range.
AAL has an average volume of 74127700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 60% of all stocks.
AAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAL is lagging the market.
Although the technical rating is bad, AAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.32, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
9.53
13.70
4 important support areas can be observed.
- A support zone ranging from 12.32 to 12.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.00 from a trend line in the daily time frame.
- Support @11.73 from a trend line in the weekly 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 12.41 to 13.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.56 to 13.56. 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 | NEUTRAL | NEUTRAL | The long term trend for AAL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAL is down. |
| ChartMill Relative Strength | 60.38 | NEUTRAL | AAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AAL is below 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) | 43.06 | NEUTRAL | The RSI value for AAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests AAL has a negative trend. |
| Stochastics (14,3) | 18.16 | OVERSOLD | The low Stochastics value suggests AAL may be oversold. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for AAL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.53 | 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)
12.33
-0.12 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-0.96%
1 Week-1.6%
2 Weeks-4.79%
1 Month-9%
3 Month9.31%
6 Month15.23%
12 Month6.66%
2 Year-3.75%
3 Year2.41%
5 Year0.33%
10 Year-68.25%
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.49%
ATR Inc-9.04%
Range Today0.43
ADR(20)0.42
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.38
Mansfield-1.61
10 Day High13.23
10 Day Low12
20 Day High14.01
20 Day Low12
52 Week High19.1
52 Week Low8.5
CS1 End12.32
CR1 Start12.41
Volume & EV
DER(3)7.02%
DER(5)6.31%
Volume94.81M
Volume Incr28.45%
Vol(5)97.30M
Vol(50)74.13M