AIR Technical Analysis - AAR CORP

Technical Rating and Analysis

Taking everything into account, AIR scores 5 out of 10 in our technical rating. In the last year, AIR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

AIR is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, of which 61% are performing better than AIR.

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 71.67 - 78.25 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.

When compared to the yearly performance of all other stocks, AIR outperforms 60% of them, which is more or less in line with the market.

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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AIR has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

71.01

79.47

When analyzing the support we can see 2 important areas.

A support zone ranging from 73.37 to 74.19. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
A support zone ranging from 71.73 to 72.06. This zone is formed by a combination of multiple trend lines in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 74.89 to 75.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @76.79 from a horizontal line in the daily time frame.
Resistance @78.68 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	60.09	NEUTRAL	AIR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AIR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AIR is below 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)	48.07	NEUTRAL	The RSI value for AIR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.2	NEGATIVE	The MACD value suggests AIR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	33.86	NEUTRAL	The Stochastics value for AIR is a neutral value.
Average True Range in percent/ATR (20)	2.54	MEDIUM VOLATILITY	The ATR as a percentage value for AIR suggests some volalility.
Average Directional Index/ADX (14)	12.29	NEGATIVE	The low ADX value for AIR suggests a weak or negative trend.