AIR LEASE CORP (AL) Stock Technical Analysis
NYSE:AL - US00912X3026 - Common Stock
60.21 USD
-0.45 (-0.74%)
60.1 USD
-0.11 (-0.18%)
Taking everything into account, AL scores 9 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AL did better than 78% of all other stocks.
AL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AL has a been trading in the 51.66 - 61.10 range, which is quite wide. It is currently trading near the high of this range.
AL is an average performer in the Trading Companies & Distributors industry, it outperforms 55% of 50 stocks in the same industry.
AL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
40.70
61.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 57.02 to 58.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.34 to 54.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.10 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 60.22 to 60.67. 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 | 78.01 | POSITIVE | AL has a high relative strength, it outperformed 78.01% 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) | 63.27 | NEUTRAL | The RSI value for AL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests AL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.95 | OVERBOUGHT | The high Stochastics value suggests AL may be overbought. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for AL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for AL suggests a weak or negative 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 |
|---|---|---|---|
| 60.68 | 57.00 | 3.68 (6.06%) | 16.49% |
| An entry @60.68. This is a Buy Stop order right above the resistance zone. | An exit @57.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.68 points, which is 6.06%. | For a 1.00% total portfolio risk, you can invest 16.49% 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.
60.21
-0.45 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.74%
1 Week0.28%
2 Weeks5.15%
1 Month10.78%
3 Month4.51%
6 Month25.65%
12 Month30.13%
2 Year47.72%
3 Year65.59%
5 Year93.73%
10 Year87.16%
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%2.15%
ATR Inc-33.99%
Range Today0.89
ADR(20)1.24
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.01
Mansfield1.03
10 Day High61.1
10 Day Low57.01
20 Day High61.1
20 Day Low51.66
52 Week High61.1
52 Week Low38.25
CS1 End58.36
CR1 Start60.22
Volume & EV
DER(3)0.6%
DER(5)0.55%
Volume560.90K
Volume Incr-23.98%
Vol(5)646.30K
Vol(50)736.67K