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| Daily MACD Divergence: | Bearish |
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- 9/22/2023 -
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American Airlines Group (AAL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the American Airlines Group (AAL). During the week, the AAL dropped -0.41 points, or -3.08%, and closed at 12.90 on Friday, September 22, 2023. AAL was trading at average weekly trading volume.
AAL is a member of Airlines Industry. Airlines is the sixth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AAL long-term trend chart]
A long-term uptrend had started on October 3, 2022 at 11.65 and reached 19.08 on July 13, 2023. AAL gained -7.43 points, or -63.78%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (13.94) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AAL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See AAL medium-term trend chart]
A medium-term downtrend had started on July 13, 2023 at 19.08 and reached 12.86 on September 22, 2023. AAL lost 6.22 points, or 32.60%, in 10 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AAL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 11, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See AAL short-term trend chart]
A short-term downtrend had started on September 12, 2023 at 14.29 and reached 12.86 on September 22, 2023. AAL lost 1.43 points, or 10.01%, in 10 days. Price is near the trend low.
 Daily Technical Indicators: [See AAL daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since September 5, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
7 |
| Industry |
Airlines |
6 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
14.29 |
| High Date |
09/12/2023 |
| Low |
12.86 |
| Low Date |
09/22/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
14.29 |
| High Date |
09/12/2023 |
| Low |
12.86 |
| Low Date |
09/22/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
19.08 |
| High Date |
07/13/2023 |
| Low |
12.86 |
| Low Date |
09/22/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
19.50 |
| Support |
13.94 |
| Low |
11.65 |
| Low Date |
10/03/2022 |
| High |
19.08 |
| High Date |
07/13/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
59.08 |
| High Date |
01/16/2018 |
| Low |
8.25 |
| Low Date |
05/14/2020 |
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