AAR CORP (AIR) Stock Technical Analysis
NYSE:AIR - US0003611052 - Common Stock
75.82 USD
+4.09 (+5.7%)
75.82 USD
0 (0%)
We assign a technical rating of 7 out of 10 to AIR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month AIR has a been trading in the 71.43 - 78.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, AIR did better than 81% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
AIR is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, AIR did better than 49% of them.
AIR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AIR is lagging the market.
Besides having an excellent technical rating, AIR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 73.48, a Stop Loss order could be placed below this zone.
More info and screens
71.01
77.07
When analyzing the support we notice one important area.
- A support zone ranging from 71.73 to 73.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @76.31 from a trend 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 | 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 | 81.58 | POSITIVE | AIR has a high relative strength, it outperformed 81.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AIR is above a declining 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) | 53.5 | NEUTRAL | The RSI value for AIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests AIR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.91 | NEUTRAL | The Stochastics value for AIR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for AIR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.33 | NEUTRAL | The ADX value for AIR suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 76.32 | 71.72 | 4.60 (6.03%) | 16.59% |
| An entry @76.32. This is a Buy Stop order right above the resistance zone. | An exit @71.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.60 points, which is 6.03%. | When investing 16.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
75.82
+4.09 (+5.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg5.7%
1 Week0.58%
2 Weeks1.38%
1 Month-0.86%
3 Month26.87%
6 Month22.55%
12 Month16.84%
2 Year23.08%
3 Year76.82%
5 Year275.72%
10 Year211.63%
15 YearN/A
Volatility
ATR(14)2.44
ATR(20)%3.04%
ATR Inc15.37%
Range Today4.35
ADR(20)2.17
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.58
Mansfield0.58
10 Day High78.75
10 Day Low71.67
20 Day High78.75
20 Day Low71.43
52 Week High86.43
52 Week Low46.51
CS1 End73.48
CR1 Start76.31
Volume & EV
DER(3)-0.68%
DER(5)-0.86%
Volume422.80K
Volume Incr-32.79%
Vol(5)292.98K
Vol(50)410.79K