AIR LEASE CORP (AL) Stock Technical Analysis
NYSE:AL - New York Stock Exchange, Inc. - US00912X3026 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to AL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AL is showing a nice and steady performance.
AL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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 59.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.90, a Stop Loss order could be placed below this zone.
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40.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.64 to 56.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.52 from a trend line in the weekly time frame.
- Support @41.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.76 to 59.76. 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 | 86.01 | POSITIVE | AL has a high relative strength, it outperformed 86.01% 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) | 52.68 | NEUTRAL | The RSI value for AL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests AL has a negative trend. |
| Stochastics (14,3) | 57.36 | NEUTRAL | The Stochastics value for AL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for AL suggests low volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for AL suggests a possible start of a new 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 |
|---|---|---|---|
| 58.78 | 57.64 | 1.14 (1.94%) | 25.00% |
| An entry @58.78. This is a Buy Stop order right above the 10 day moving average. | An exit @57.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.14 points, which is 1.94%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AL. 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.
58.09
-1.04 (-1.76%)