AIR LEASE CORP (AL) Stock Technical Analysis
NYSE:AL - New York Stock Exchange, Inc. - US00912X3026 - Common Stock - Currency: USD
Taking everything into account, AL scores 9 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AL did better than 88% of all other stocks.
AL is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. AL outperforms 81% of them.
AL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AL is performing more or less in line with the market.
AL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AL has an average volume of 1097000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, AL 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 support zone below the current price at 56.33, a Stop Loss order could be placed below this zone.
More info and screens
40.70
58.95
3 important support areas can be observed.
- A support zone ranging from 56.33 to 56.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.04 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 56.61 to 58.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.11 | POSITIVE | AL has a high relative strength, it outperformed 88.11% 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) | 53.78 | NEUTRAL | The RSI value for AL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests AL has a negative trend. |
| Stochastics (14,3) | 46.71 | NEUTRAL | The Stochastics value for AL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.27 | POSITIVE | The high ADX value value for AL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 57.29 | 56.32 | 0.97 (1.69%) | 25.00% |
| An entry @57.29. This is a Buy Stop order right above the 10 day moving average. | An exit @56.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.97 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- 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.
56.34
-1.25 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-2.17%
1 Week-2.29%
2 Weeks-2.2%
1 Month-1.85%
3 Month22.43%
6 Month14%
12 Month25.98%
2 Year34.62%
3 Year68.53%
5 Year92.35%
10 Year66.19%
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%2.03%
ATR Inc6.98%
Range Today1.41
ADR(20)1.04
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.11
Mansfield1.38
10 Day High58.41
10 Day Low56.13
20 Day High59.27
20 Day Low55.59
52 Week High59.27
52 Week Low38.25
CS1 End56.33
CR1 Start56.61
Volume & EV
DER(3)1.41%
DER(5)-0.17%
Volume881.70K
Volume Incr-22.98%
Vol(5)723.16K
Vol(50)1.10M