AMERICAN AIRLINES GROUP INC. - Daily - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
28%
17%
My opinion
Bullish above 12.07 USD
My targets
14.00 USD (+4.56%)
15.56 USD (+16.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AMERICAN AIRLINES GROUP INC. as long as the price remains well above 12.07 USD. The buyers” bullish objective is set at 14.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.56 USD. If there is any crossing, the next objective would be the resistance located at 17.02 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMERICAN AIRLINES GROUP INC. rating is 13.39 USD. The price has increased by +4.77% since the last closing and was traded between 13.24 USD and 14.26 USD over the period. The price is currently at +1.13% from its lowest and -6.10% from its highest.13.24
14.26
13.39
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of AMERICAN AIRLINES GROUP INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 10 are bullish, 3 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.11 | 11.15 | 13.39 | 14.00 | 17.02 | 20.31 |
| Change (%) | -31.96% | -16.73% | - | +4.56% | +27.11% | +51.68% |
| Change | -4.28 | -2.24 | - | +0.61 | +3.63 | +6.92 |
| Level | Major | Major | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.16 | 12.43 | 12.61 | 12.88 | 13.06 | 13.33 | 13.51 |
| Camarilla | 12.66 | 12.70 | 12.74 | 12.79 | 12.83 | 12.87 | 12.91 |
| Woodie | 12.11 | 12.41 | 12.56 | 12.86 | 13.01 | 13.31 | 13.46 |
| Fibonacci | 12.43 | 12.60 | 12.71 | 12.88 | 13.05 | 13.16 | 13.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.34 | 11.21 | 11.69 | 12.56 | 13.04 | 13.91 | 14.39 |
| Camarilla | 11.79 | 11.91 | 12.04 | 12.16 | 12.28 | 12.41 | 12.53 |
| Woodie | 10.14 | 11.11 | 11.49 | 12.46 | 12.84 | 13.81 | 14.19 |
| Fibonacci | 11.21 | 11.73 | 12.05 | 12.56 | 13.08 | 13.40 | 13.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.36 | 8.58 | 9.85 | 12.07 | 13.34 | 15.56 | 16.83 |
| Camarilla | 10.16 | 10.48 | 10.80 | 11.12 | 11.44 | 11.76 | 12.08 |
| Woodie | 5.89 | 8.34 | 9.38 | 11.83 | 12.87 | 15.32 | 16.36 |
| Fibonacci | 8.58 | 9.91 | 10.74 | 12.07 | 13.40 | 14.23 | 15.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.77 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 24.07 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 13.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.60 | |
| Elder Ray (13): | 0.85 | |
| Super Trend (3,10): | 11.59 | |
| Zig ZAG (10): | 13.46 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 33.61 | |
| TEMA (21): | 13.21 | |
| Williams %R (14): | -54.82 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -5.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 7.34 |
| MA7: | 12.85 | |
| MA20: | 12.78 | |
| MA50: | 12.63 | |
| MA100: | 12.29 | |
| MAexp7: | 12.97 | |
| MAexp20: | 12.81 | |
| MAexp50: | 12.77 | |
| MAexp100: | 13.82 | |
| Price / MA7: | +4.20% | |
| Price / MA20: | +4.77% | |
| Price / MA50: | +6.02% | |
| Price / MA100: | +8.95% | |
| Price / MAexp7: | +3.24% | |
| Price / MAexp20: | +4.53% | |
| Price / MAexp50: | +4.86% | |
| Price / MAexp100: | -3.11% |
Quotes :
2020-08-27 15:18:04
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15 min delayed data
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NASDAQ Stocks
News
The last news published on AMERICAN AIRLINES GROUP INC. at the time of the generation of this analysis was as follows:
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American Airlines Group Inc. - AAL Stock Chart Technical Analysis for 08-10-2020
This member declared not having a position on this financial instrument or a related financial instrument.
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