AIR LEASE CORP (AL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AL - US00912X3026 - Common Stock
Taking everything into account, AL scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, AL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, AL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
40.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.50 to 64.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.01 from a trend line in the weekly time frame.
- Support @41.11 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.24 to 64.86. 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 AL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AL is up. |
| ChartMill Relative Strength | 81 | POSITIVE | AL has a high relative strength, it outperformed 81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.16 | NEUTRAL | The RSI value for AL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for AL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for AL suggests low volalility. |
| Average Directional Index/ADX (14) | 36.07 | POSITIVE | The high ADX value value for AL suggests a strong 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 |
|---|---|---|---|
| 64.31 | 64.06 | 0.25 (0.38%) | 25.00% |
| An entry @64.31. This is a Buy Stop order right above the 10 day high. | An exit @64.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 0.38%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
64.23
+0.03 (+0.05%)
AIR LEASE CORP / AL FAQ
What is the technical rating for AL stock?
ChartMill assigns a technical rating of 8 / 10 to AL.
What is the trend direction for AL stock?
The current trend direction for AIR LEASE CORP (AL) is Bullish.
What is the RSI signal for AL stock?
AIR LEASE CORP (AL) has an RSI value of 58.1605. This indicates that the stock is currently neutral.
What is the MACD signal for AIR LEASE CORP (AL) stock?
The MACD indicator for AIR LEASE CORP (AL) has a value of -0.0106477, indicating a bearish trend.
Can you provide the buy/sell signal for AIR LEASE CORP?
The buy/sell signal for AIR LEASE CORP (AL) is buy as both the short term and long term trends are positive.