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Daily MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 5/31/2024 -
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American Airlines Group (AAL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldStochastic has raised above the signal lineTrend support at 11.18The Bollinger Bands are historically far apart
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It was the negative week for the American Airlines Group (AAL). During the week, the AAL dropped -2.34 points, or -16.91%, and closed at 11.50 on Friday, May 31, 2024. Weekly volume was 154% above average.

Long-term trend: [See AAL long-term trend chart]
A long-term downtrend had started on March 18, 2021 at 26.09 and reached 10.86 on October 31, 2023. AAL lost 15.23 points, or 58.37%, in 136 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 10.43 and resistance is at 16.40. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See AAL medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 10.86 and reached 16.15 on March 4, 2024. AAL gained -5.29 points, or -48.71%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (15.62) 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 medium-term trend.

Weekly Technical Indicators: [See AAL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 17, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 March 4, 2024 at 16.15 and reached 11.25 on May 31, 2024. AAL lost 4.90 points, or 30.34%, in 88 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (11.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AAL daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since May 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (38.61%) is close to one year high (25.76%). It is 141.69% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.67
Oversold
Williams' Percentage Range (W%R) 93.70
Strong Oversold
Lane's Stochastic (%D-Slow) 6.10
Strong Oversold
Greed/Fear Indicator (GFI) 10.70
Oversold
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.41
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 45.00
Greed/Fear Indicator (GFI) 29.91
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 15.74
50 Day Moving Average 14.04
20 Day Moving Average 13.95
Parabolic System 13.77
Weekly Stochastic Crossing 13.25
Price 11.50
Daily Stochastic Crossing 11.41
Lower Bollinger Band 11.32
Weekly Trendline Support 11.18
Quarterly Trendline Support 10.43
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 75
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 15.36
High Date 05/14/2024
Low 11.25
Low Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 15.12
Support 11.18
High 16.15
High Date 03/04/2024
Low 11.25
Low Date 05/31/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 15.12
Support 15.62
Low 10.86
Low Date 10/31/2023
High 16.15
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 16.40
Support 10.43
High 26.09
High Date 03/18/2021
Low 10.86
Low Date 10/31/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.08
High Date 01/16/2018
Low 8.25
Low Date 05/14/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.