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Advanced TA SearchArchive
- 7/19/2024 -
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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 gave back -0.10 points, or -0.94%, and closed at 10.58 on Friday, July 19, 2024. Weekly volume was 11% above average.
AAL is a member of Airlines Industry. Airlines is the tenth 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 downtrend had started on January 16, 2018 at 59.08 and reached 8.25 on May 14, 2020. AAL lost 50.83 points, or 86.04%, in 121 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (12.18) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 March 4, 2024 at 16.15 and reached 10.34 on July 11, 2024. AAL lost 5.81 points, or 35.98%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 9.59 and resistance is at 14.62. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 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 May 17, 2024. This is an indication that the medium-term trend is down. 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 May 14, 2024 at 15.36 and reached 10.34 on July 11, 2024. AAL lost 5.02 points, or 32.68%, in 58 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 10.46 and resistance is at 10.98. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See AAL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 18, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 8.32% on Friday. It is 51.51% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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