$JETS - Recovery of the Airline Industry“The U.S. Global Jets ETF $JETS provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.”
TECHNICALS
$JETS is currently trading at $25.50 which is 13% below their most recent high of $28.98 which was made in March 2021. The stock has been in an upward trend since October 2020 as a result of increased vaccinations around the world and strong guidance. As seen on the chart, between 2017 and early 2020 $JETS established a strong support zone between $27.50 and $28.50. With travel expected to increase into the summer and vaccinations continue to be rolled out, $JETS can potentially see a 10% move and settle between $27.50 and $28.50 in the coming months.
RECOVERY
Based on their most recent earnings reports, airline companies such as $AAL, $DAL, $LUV, and $UAL have all posted that their revenue is up 100% or more from their pandemic lows. Although revenue is sitting around 50% of pre-pandemic levels, the growing number suggests that the industry is recovering.
RISKS
The greatest risk to the travel industry at the moment is the massive increase in covid cases in India and the emergence of the new covid variant B.1.617. Although much more information is needed, the new variant appears to be spreading at a much faster rate than before and it is unknown if vaccines will help prevent the contraction of the virus.
Anthony, OptionsSwing Analyst
AAL
$AAL Weekly rangeAmerican Airlines is currently in an impulsive wave higher on the weekly timeframe. The daily chart shows the start of a slow pullback before continuing higher, but the current trend suggests a continuation from this range. As long as we don't go lower than 14.68 way below the weekly range, AAL's long bias will still be on target. Lagging span and green cloud all look very decent for a bigger move.
$AAL Target 24.99 for 16.67% (No position - charting for friend)$AAL Target 24.99 for 16.67%
Or next add level is at 17.85
@M_Asim_Qamar This is how I would play AAL... In around here... and if the market still keeps going down double at 17.85 ☺️
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAL. warming up.I am mostly just trying to keep my TA fresh. I am starting to find this is a really relaxing process for me.
On the fundamental front, I don't think I like airline stocks at the moment. I read that airline stocks typically perform poorly when oil prices go up. I feel like oil prices will probably go up in the Biden administration only because that is a historically democratic thing to happen.
The ABC correction got higher on the B wave than I would have liked, and lower on the C wave. This makes me think it might be not an ABC correction.
I have been noticing that corrections often don't require a third wave down, and this has already but in 2 down waves, so I think it's likely that 2 up waves might follow. This idea is supported by the lower trendline respect, which is hard to bet against at this point. The uptrend to this point has been a strong one.
I think it could likely be a bull flag we are looking at right now, followed by another upward wave.
AAL: Invisible BreakoutAAL made quite the move during the nights of April 23rd and April 26th, and that move was a gap up above the downtrend, with an open at $21.46 and a close at $22.00. This invisible move is very bullish, as AAL was in a downtrend for about a month and now the gap up has broken the trend. We failed to break $22, and are now ranging between $21.64 - $21.06. However, before we get too excited for a continuation, I presume the gap will be filled ($21.21-$21.46), as we gapped through a pretty major price level, as previously mentioned. Statistically speaking, gaps have about a 91% chance of being filled according to bioequity.org. Once this level has been cleared, I anticipate a continuation of the breakout by breaking out of the established range and continuing to the upside, as bullish sentiment for AAL will continue to be fueled due to reopening optimism.
Bullish on AAL(This is not financial advice)
Hey everyone good symetrical triangle here on AAL. This combined with the reopening of the economy allows me to believe that this stock will have a lot more money flow into it. I set up support and resistance and with some good volume I am very bullish on this stock.
If you agree or disagree be sure to leave a comment and like and follow if you my other ideas.
Thank you!
- Vlaire
American Airlines : end of bull-run? Volumetric analysis and position management to limit risk, constantly updated, to follow my operations, always for information purposes.
As you can see we have reached a turning point, both as regards the 786 Fibonacci level, which among other things coincides with a gap created at the end of February 2020, and for the volumetric levels, i.e. the price exchanges, verified. on certain values.
26 (25.95 to be more sure) is the target.
This week there will be the Earnings, the forecasts are bad, obviously, so a positive surprise could give the final boost to the title to reach and exceed the target.
Realistically, however, AAL really seems to have run out of energy, the week just ended was further proof of that. Low volumes, unloading of the stock which then closes below the support trendline it had held since January 21.
The price space is very low, sometimes it happens that there can be 1 or 2 positive days before the earnings. We'll see.
My "stop profit" is very tight, in the area of 21.61, if it is taken it will still be one of the best trading operations of the year. (My enter price is in 15 area)
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AAL: Anti-Vaxxers Will Sink itAmerican Airlines is one of the weakest carriers based on EPS (-$5.26) and negative debt-to-equity levels. AAL even lost money in the fourth quarter of 2020 which is when air traffic had somewhat stabilized.
Smart bears like to pick on the weak, and AAL certainly fits into that category with a steady multi-month downtrend already in place.
Bulls at this time would try to throw out TA and argue that vaccinations will lead to a recovery in air traffic which will lift AAL back to profitability.
This sort of analysis is always perilous because it's subjective and assumes the market has not already accounted for the (likely surface level) analysis that you've done.
Additionally, there is a headwind that hasn't yet been covered much in the media: the issue of the anti-vaxxers. More than 40% of Americans claim they will refuse to take the COVID vaccine (various surveys), and most of them are paranoid and siloed off from the mainstream media, so any type of "education" is unlikely to reach them. If we don't even get close to 90% vaccination rates by the end of the year - the level Dr. Fauci said is needed for herd immunity - then some of the assumptions AAL priced in may be incorrect, and perhaps the downtrend is the market already realizing this. Waves of COVID variants spreading among the unvaccinated could significantly derail AAL's recovery prospects.
Really, this is all to say just go with the trend, and that trend is down despite SPY rallying to all time highs with 8 straight days of up auction. Vaccine & COVID surprises, if any, are more likely to be skewed towards the downside at this time.
Short with confidence.
Targeting the 200 Day EMA (around $18) and then, ideally, the 0 fib ($14).
AAL Trading One Pennant Setup for Another: STILL BULLISHTRading AAL is still a viable play it's just a matter of time. I lay out a few scenarios based on converging trends. It's starting to look like a Gant chart lol. We are at a crucial point exactly right now, Let' hope it holds stays over 22.50 tomorrow to remain on the trend. Any one of these trends will do to get us to a breakout... if they hold. It's just a matter of time and how long we have to hold. I show my closest date projections out to APR 27. My opinions only.
AAL Stock 30/03/21 Analysis 4H ChartNASDAQ:AAL - Trend Analysis -
📑Value: 4/20
📈Growth: 20/20
💰Profitability: 6/20
🚀Momentum: 16/20
💸Earnings: 10/20
🖇️Total Score: 56/100
Data:
Volume 39.56M
Average Volume (3 months) 56.61M
Previous Close $22.91
Open $23.10
Shares Outstanding 639.68M
Technicals:
( Simple Moving Average )
10D SMA $23.58 (+2.28%)
50D SMA $19.79(+21.87%)
200D SMA $15.06 (+60.20%)
Market Cap $14.67B
Total Debt $41.02B
Cash $6.86B
Enterprise Value $48.82B
Revenue $17.34B
Gross Profit -
Net Income -
EPS Diluted -$18.36
Free Cash Flow / Share -$17.57
Updated Target for AALI always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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AAL: Multi-year correction completed, new impulse beginningI need to look at the monthly charts more. Looking at the houly and daily, I was conflicted on if AAL was a good buy but switching to the monthly, the picture became much clearer. There appears to be a larger multiyear correction completion the coincided with the strong selloff last March. A year from that time, the price has now more than doubled but it may only be the beginning - We may have only seen the first wave or a new cycle for AAL - short term may be bearish considering overall market conditions but long term - there are good gains to be had here
(there's also the obvious catalyst of the end of covid that could drive not only AAL but several other airline stocks soaring later in 2021 and through 2022)
AAL: Anxious about it? Here's how to proceed!Hello traders and investors! Let’s analyze AAL again! In this analysis, I’ll share some exit strategies you can use on it.
Ok, as we have been saying since my first analysis, in the end of January, AAL finally hit its natural target at $ 22.80, and it is trading even above it today! My analyses on AAL were all public, and the link to them are below this post, if you are curious.
How to proceed now? Well, it is not a buy opportunity at all. Now it is time for those who bought it under $ 17 start to think about booking their profits. Since it defeated the target at $ 22.80, this could be your stop-gain , and if AAL loses this support, then you may sell it. Another key point is the previous gap, which we still don’t know its type. If it is an Exhaustion Gap , it’ll be filled quickly, today or tomorrow, indicating a sharper pullback ahead. Use it in your favor too.
Or, if you have the stomach for it, wait for a clear reversal sign , like a lower high/low to book your profits, and buy it back when it hits the 21 ema in the daily chart. Speaking of daily chart:
Another exit strategy is a trailing stop , and you may book your profits if AAL loses the previous day’s low. For instance, if tomorrow it loses the $ 24.21 (today’s low, so far), then just sell it.
Again, pullbacks are opportunities to buy when a stock is in a clear bull trend. Don’t buy now, near a top level, and if you want to buy, wait for it to get closer to the 21 ema or one of its supports again.
And if you liked this analysis, please, support it with your like ! And remember to follow me to keep in touch with my daily studies.
Thank you very much.