AIR LEASE CORP (AL) Technical Analysis
NYSE:AL • US00912X3026
Current stock price
AL Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to AL. In the last year, AL was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, AL did better than 83% of all other stocks. We also observe that the gains produced by AL over the past year are nicely spread over this period.
- AL is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry. AL outperforms 91% of them.
- AL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AL is leading the market.
- AL has an average volume of 2016730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AL has a been trading in a tight range between 64.45 and 64.96.
AL Weekly and Daily overview Charts
AL Setup Rating and Analysis
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 support zone below the current price at 64.59, a Stop Loss order could be placed below this zone.
More info and screens
AL Support and Resistance Analysis
40.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.50 to 64.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.11 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.64 to 65.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AL 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 AL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AL is neutral. |
| ChartMill Relative Strength | 83.49 | POSITIVE | AL has a high relative strength, it outperformed 83.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AL is below a declining 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) | 48.22 | NEUTRAL | The RSI value for AL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.51 | NEUTRAL | The Stochastics value for AL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for AL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for AL suggests a possible start of a new trend. |
AL Chart- and CandleStick Pattern Analysis
AL Example Setup
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 |
|---|---|---|---|
| 64.86 | 64.44 | 0.42 (0.65%) | 25.00% |
| An entry @64.86. This is a Buy Stop order right above the 10 day high. | An exit @64.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.42 points, which is 0.65%. | For a 0.16% 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.
AL Technicals: Chart, Performance Metrics, Trend & Indicators
64.61
+0.03 (+0.05%)
AIR LEASE CORP / AL TA 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 48.2175. 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 -0.0225446, indicating a bearish trend.