AAR CORP (AIR) Stock Technical Analysis
USA - NYSE:AIR - US0003611052 - Common Stock
Overall AIR gets a technical rating of 8 out of 10. In the last year, AIR was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, AIR 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 83.54, a Stop Loss order could be placed below this zone.
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71.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 82.50 to 83.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @77.49 from a trend line in the daily time frame.
- Support @74.19 from a horizontal line in the weekly time frame.
- Support @71.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.79 to 85.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 84.06 | POSITIVE | AIR has a high relative strength, it outperformed 84.06% 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) | 51.37 | NEUTRAL | The RSI value for AIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests AIR has a negative trend. |
| Stochastics (14,3) | 54.22 | NEUTRAL | The Stochastics value for AIR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for AIR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.88 | 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 |
|---|---|---|---|
| 84.80 | 82.26 | 2.54 (2.99%) | 25.00% |
| An entry @84.80. This is a Buy Stop order right above the 10 day moving average. | An exit @82.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.54 points, which is 2.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- 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.
83.6
-0.36 (-0.43%)
AAR CORP / AIR FAQ
What is the ChartMill technical rating of AAR CORP (AIR) stock?
ChartMill assigns a technical rating of 10 / 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 51.3737. 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 83.54. Check the full technical report for our detailed analysis of AIR support and resistance levels.