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.
Both the short term and long term trends are positive. This is a very positive sign.
AL is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry. AL outperforms 89% 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.
In the last month AL has a been trading in the 45.19 - 59.27 range, which is quite wide. It is currently trading near the high of this range.
AL has an average volume of 1076810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AL did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, AL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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
58.67
We found 2 important support areas.
- A support zone ranging from 56.60 to 56.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.11 to 41.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.03 to 58.09. 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 | 88.35 | POSITIVE | AL has a high relative strength, it outperformed 88.35% 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) | 70.09 | OVERBOUGHT | The high RSI value suggests AL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests AL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.18 | NEUTRAL | The Stochastics value for AL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for AL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.31 | 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 |
|---|---|---|---|
| 58.10 | 56.59 | 1.51 (2.60%) | 25.00% |
| An entry @58.10. This is a Buy Stop order right above the resistance zone. | An exit @56.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.51 points, which is 2.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- 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.
56.87
-0.24 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.42%
1 Week-1.01%
2 Weeks6%
1 Month24.06%
3 Month19.4%
6 Month12.3%
12 Month17.14%
2 Year49.58%
3 Year51.21%
5 Year88.87%
10 Year51.13%
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%2.64%
ATR Inc-10.44%
Range Today1.4
ADR(20)1.31
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.35
Mansfield1.93
10 Day High59.27
10 Day Low54.91
20 Day High59.27
20 Day Low45.19
52 Week High59.27
52 Week Low38.25
CS1 End56.86
CR1 Start57.03
Volume & EV
DER(3)-2.64%
DER(5)-0.36%
Volume565.30K
Volume Incr-7.58%
Vol(5)1.02M
Vol(50)1.08M