AAR CORP (AIR) Stock Technical Analysis
NYSE:AIR - New York Stock Exchange, Inc. - US0003611052 - Common Stock - Currency: USD
Taking everything into account, AIR scores 3 out of 10 in our technical rating. In the past year, AIR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
AIR has a bad technical rating, but it does show 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 a resistance zone just above the current price starting at 62.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.08, a Stop Loss order could be placed below this zone.
More info and screens
58.04
When analyzing the support we notice one important area.
- A support zone ranging from 58.63 to 60.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 62.41 to 62.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.00 from a trend line in the weekly time frame.
- A resistance zone ranging from 67.78 to 69.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.82 from a horizontal line in the daily time frame.
- Resistance @72.18 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for AIR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIR is up. |
| ChartMill Relative Strength | 30.11 | NEUTRAL | AIR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of AIR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AIR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.92 | NEUTRAL | The RSI value for AIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests AIR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.55 | NEUTRAL | The Stochastics value for AIR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for AIR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.68 | POSITIVE | The high ADX value value for AIR suggests a strong trend. |
60.09
-0.27 (-0.45%)