AAR CORP (AIR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AIR - US0003611052 - Common Stock
Overall AIR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AIR is showing a nice and steady performance.
AIR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 82.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
76.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 81.02 to 82.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.35 to 78.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @83.71 from a trend line in the daily time frame.
- A resistance zone ranging from 86.48 to 86.48. 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 AIR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AIR is neutral. |
| ChartMill Relative Strength | 85.56 | POSITIVE | AIR has a high relative strength, it outperformed 85.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for AIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AIR has a positive trend. |
| Stochastics (14,3) | 49.23 | NEUTRAL | The Stochastics value for AIR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for AIR suggests some volalility. |
| Average Directional Index/ADX (14) | 9.41 | NEGATIVE | The low ADX value for AIR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.72 | 81.01 | 2.71 (3.24%) | 25.00% |
| An entry @83.72. This is a Buy Stop order right above the resistance zone. | An exit @81.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.71 points, which is 3.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The distance between exit and entry is rather small compared to the average daily movement of AIR. Please evaluate whether better entry and exit points can be found.
- 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.
82.71
+0.83 (+1.01%)
AAR CORP / AIR FAQ
What is the ChartMill technical rating of AAR CORP (AIR) stock?
ChartMill assigns a technical rating of 9 / 10 to AIR.
Can you provide the trend direction for AAR CORP?
The current trend direction for AAR CORP (AIR) is Bullish.
Can you provide the RSI signal for AAR CORP?
AAR CORP (AIR) has an RSI value of 52.1643. This indicates that the stock is currently neutral.
What is the short term momentum for AAR CORP (AIR) stock?
The short term momentum for AAR CORP (AIR) is neutral.
What are the support and resistance levels for AAR CORP (AIR) stock?
AAR CORP (AIR) has a support level at 82.39 and a resistance level at 83.71. Check the full technical report for our detailed analysis of AIR support and resistance levels.