AAL: Support and resistanceI think it is going to go down to ~$9 and may start rally back up.
As of now it is at resistance, but a little down side is possible.
Good for long term if DCAed.
Cheers
Happy investing
AAL trade ideas
Has AAL been cleared to land?NASDAQ:AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern for NASDAQ:AAL price.
This backs the idea that the price is entering a range to build a medium-long term position.
AMERICAN AIRLINES GROUP, INC (AAL) 3MAmerican Airlines Stock (AAL) Technical Analysis - December 8, 2023
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making any investment decisions.
Chart: Three-month graphic
Current Price: $13.76
Technical Indicators:
Moving Averages (MA):
50-day MA: $15.13 (price below MA)
100-day MA: $15.62 (price below MA)
200-day MA: $15.88 (price below MA)
Volume: 20.41 million
Relative Strength Index (RSI): 40.00 - 50.00
Moving Average Convergence Divergence (MACD): MACD signals below the histogram
Analysis:
Price Action: AAL is currently trading below its 50, 100, and 200-day moving averages, indicating a bearish trend in the short, medium, and long term.
Volume: The current volume is slightly above average, suggesting some increased interest in the stock.
RSI: The RSI is hovering around the neutral zone (40-50), suggesting neither overbought nor oversold conditions.
MACD: The MACD signals are below the histogram, indicating a potential bearish crossover, further supporting the bearish trend.
Summary:
Technical indicators suggest a bearish trend for AAL in the short, medium, and long term. The current price below all three moving averages and the potential MACD crossover further strengthen this bearish outlook. However, the neutral RSI and slightly above-average volume suggest some potential for a short-term bounce.
Additional factors to consider:
Market trends: The overall market sentiment can significantly impact AAL's price.
Airline industry: News and events affecting the airline industry as a whole can influence AAL's performance.
Company news and financials: Upcoming earnings reports, mergers and acquisitions, and other company-specific news can drive short-term price movements.
Conclusion:
Based on the technical analysis, AAL appears to be in a bearish trend. However, considering the neutral RSI and slightly above-average volume, there might be potential for a short-term price bounce. Investors should carefully consider all available information and consult with a financial advisor before making any investment decisions.
American Airlines (AAL) - Stage Dynamics Method - LongStrategy Overview: Stage Dynamics Method
Our innovative trading strategy, "The Stage Dynamics Method", is anchored in the synthesis of advanced technical analysis. The strategy employs three powerful indicators: the Stage Analysis Indicator (SAI), the Volume Sentiment Ratio Indicator (VSI-CR), and the Net-Buy-Net-Sell Volume Ratio Indicator (NBNS). These tools work in harmony to pinpoint potential entry and exit signals by analyzing market stages, volume dynamics, and sentiment shifts.
Why Now Is a Good Time to Enter
The SAI is currently showing a shift from a neutral phase into a bullish stage, indicated by a change in the background color to blue. This transition is supported by the monthly and weekly VSI-CR, which reveals a rising trend in combined buy/call ratios, signaling strengthening market optimism. Additionally, the NBNS highlights a dominant buying pressure over selling, reinforcing the bullish outlook.
What to Look for When Exiting
Monitor only the Monthly VSI-CR closely. An exit signal is triggered when the VSI-CR value falls below 0.65, indicating a weakening in bullish sentiment and a potential shift in market dynamics.
Risk Management Reminder
As with any trading strategy, it's crucial to practice sound risk management. Ensure that your investment aligns with your risk tolerance and financial objectives. The Stage Dynamics Method is a powerful tool, but like all trading strategies, it is not infallible. Stay informed, stay cautious, and trade wisely. Happy trading!
AAL - Taxi Underway for Take Off PositionNASDAQ:AAL Time for Departure?
Can you spot an interesting spot in the chart?
Weekly Chart:
After breaking down the uptrend channel, AAL makes a reversal in the last 3 candles.
The last candle is crossing up EMA8 (as an early trend indication), combined with Breaking Out minor downtrend, we can consider a hint that a reversal might happen.
But keep in mind that the target by breaking down the uptrend channel is at $9.09 - $9.36 (last low at $8.25).
The weekly volume is good enough for a small reversal.
No divergence is shown in the weekly chart.
Daily Chart:
The end of the year has statistically been very good for NASDAQ:AAL .
But, if we take a look at the chart:
several daily gaps exist, the bull remains strong if the price can break out at $12.72.
If you have enough patience, wait around the first gap to close ($11.89) or around the EMA21 area.
If only the rejection candle appears and the oscillator remains providing a bullish bias, this stock might be one of the best choices for the end-year present.
The first target will be closing the upper gap at $14.08
That gap is one of the high volume node in the volume profile chart, Coincidence?
AAL recovery timeWith holidays approaching, the demand for travel could increase. This one has been sold off heavily until recent earning.
As you see on the chart, after latest earning reported, the down trend has ended.
This one could reverse to the way up.
Target 19.
This is not a financial advise but just an idea.
AAL optionsCurrent total cost of owning 100 shares is 12.18 = S1218 (the math in the video is wrong)
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
AAL BULLISH (a clearer picture)Based on my analysis, AAL is currently rebounding off of a low we haven't seen since 12-13 months ago.
That's over 52 weeks, which makes me weigh this level as a very strong support level. AAL is showing indications of bullish movement in the future as bearish momentum slows and others signals flag my attention. Will update if any new information changes my forecast.
AAL LONG TERM BULLISHAAL is currently rebounding off of a low we haven’t seen since 12-13 months ago. That’s over 52 weeks, which makes me weigh this level as a very strong support level. AAL is showing indications of bullish movement in the future as bearish momentum slows and others signals flag my attention. Will update if any new information changes my forecast.
$AAL Elliot PatternLooks like NASDAQ:AAL has hit the $12 4 times and held, the consolidation looks complete, with a slight recovery to 15-16 level, then consolidate back towards 12 by end of Jan
AALExecution Plan:
Letting my put oct 13 strike price 12.50 assign and will looking to sell all of my shares for profit around $12.50 level. Then I will either have limit order to buy put around $12 strike price or limit order to buy shares and sell for profit again when earnings spike the stock upside.
AAL - Preparing for Takeoff? ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
AAL has been trading inside a big range between 10.0 and 20.0 round number.
This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last major high highlighted in gray.
Meanwhile, until the buy is activated, AAL would be bearish and can still trade lower inside the support zone.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This is how I make passive income trading options on AALAmerican Airline currently trading at a steep discount because fear of lower future profitability in the stock. Airline stocks are known for their volatility because almost everything in the economy can affect the stock. The good news is for options trader, high volatility usually mean a high premium we can collect for selling this options.
Sentiment: Bearish
Fundamental: Very bullish base on numbers
Option strategy: covered call
Sell to open oct 6 call strike price 13 @$0.15 limit order
Long on AALAfter falling from 2018's high and collapsing during COVID, the stock has been consolidating and wait for break out of 20, would give a return of 100% with 1-2 year timeframe
As per harmonic, pattern bullish cypher was formed when it touched 12$ and bounce started.
Will keep on accumulation until it breaks 10$ ,
Target 1: 20
Target 2: 27
Target 3: 33
Also falling wedge is being formed on monthly timeframe. Expect a breakout on breaking the dynamic resistance on diagonal line
AALHi body you need to look at this amazing stock ,,,,it is getting attractive .....
i remarked my long area on that chart ......
Gooooood Luuuuuck
AAL StraddleCall and Put orders for 1.5 week expiration. Price at important bidirectional zone, let the bulls or bears decide direction, it's in a squeeze.
Edit: Sold all puts, allocated to calls. Oil down, Airlines up.
Buy Oct-13-23 12.5 Calls @ 0.53 Limit to Open
My chart analysis on AALThis is my analysis on AAL. I feel like this could be a monster of a long call play.
American Airlines Group LongAAL long position.
Market touched a lower Lin Reg and below MACD on H4.
Confirmation on H1.
Red box: Buy area.
Suggested TP: Tp1 at $16.86(close 50% of the position) and 2nd at $20.12.
Suggested SL: Always follow the Ratio - min 1:3
Warning!!!!
This content should not be interpreted as financial advice.
AAL has plummeted in 10 weeksAAL has plummeted in 10 weeks
This chart shows the weekly candle chart of American airline stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the stock of American Airlines has maintained a relatively weak and volatile consolidation pattern after completing a small level double top pattern in March and June 2021. The low point in October 2022 just stepped back on the 0.236 position of the bottom to top golden section in the figure, completing the shoulder position of the large level head to shoulder! The stock of American Airlines has plummeted in the past decade and is about to hit its October 2022 low again! So in the future, we can use the low point in October 2022 as the watershed to determine the strength of American airlines!
AAL Cup and handle possiblitySeeing the sell off recently, there could be a correction to the upside over the next few weeks.
AAL updateNo changes to our previous expactations. We consider LONG as base scenario.
Additional justification for a long position can be provided by the statistics of seasonal fluctuations in stock prices over the last 10 years (see on the screen picture attached). While at the current moment the price is down by 5%/
AAL : Going LongFundamental Analysis
According to data released by Statista on August 29, 2023, AAL holds approximately 17.5% of the domestic market share among leading US airlines from February 2022 to January 2023. This marks the highest percentage of market share held by a single airline in the US, indicating a significant competitive advantage.
Furthermore, the airline industry is a crucial sector for economic growth, and governments typically strive to support major players within it to prevent failures.
My game plan is to invest in the top four airline companies in the US, based on their market share, at favorable values determined by price action. I already hold a position in UAL. The remaining airlines on my list are AAL, LUV, and DAL.
Technical Analysis
The current price is at the lower end of the channel, prompting me to initiate a position, representing approximately 2.5% of my capital as a single entry. I do not intend to increase this position further, even if the price experiences a significant decline. However, I will consider purchasing other airline stocks from my watchlist if they reach my desired entry levels.
Conclusion
If I decide to make any changes to my position in the future, I will provide updates to this post. Check out the posts, regarding my other Airline stock entries,which is attached underneath.
AAL - airlines are beat upAirlines have been decimated especially when you factor in the price of oil climbing over the last few weeks.
Margins being squeezed each day!
Long term support is being tagged in a very oversold 8 week selloff.
This could be a good R/R set up on the long side for a quick technical bounce.
