American
LONG AIRLINES ACDVF, AC, JETS, AAL, DALTSX:AC Technical and Fundamental Reasons for going Long AC Air Canada, and AAL and JETS and DAL:
We are in a tightening 3 Month range in all airline names (And even in broader markets)
Given how we have come straight down from the highs, a multi week bounce with legs is likely and positioning in here would be a strong Risk / Reward entry.
While DXY the dollar is set for monthly consolidation along with oil (Despite the knee jerk reaction to Israel which will likely fade. Markets are holding up well and have priced in peak rates with yields all coming down sharply after capitulating last week.
While DXY OIL and Yields drop.
Airlines are huge laggards (and after good selling and bad news being well priced in) it is time for major bounces. It is a highly volatile sector so a big drop the way it did warrants a big pop.
With capitulation following analyst downgrades, and company outlook drops to adjust estimates for rising fuel costs and labor costs. The discounts of this bad news is very well priced in and has capitulated with huge volume climaxes Monday after the Israel situation over the weekend.
As with 9/11 and Russia invasion, the knee jerk reaction last about a week, before the entire dip is re bought up. Assuming no escalation in Iran to push oil even higher, airlines will care most about earnings and forward guidance to see demand outlook for Q4 and 2024 company guidance.
With DAL reporting Thursday and more coming in next few weeks, I'd expect that the reported results for Q3 are very strong, and more importantly that Q4 and 2024 outlooks won't be as bad as markets are pricing. Resulting in a swift 10-15% bounce on many airline names.
Again: The bad news is very well priced in, and markets will begin to find good value for entrance pre earnings and post earnings as we are very oversold and surprised to the upside with earnings that weren't even close to as bad as markets are expecting as well as strong forward guidance.
NASDAQ:AAL
TSX:AC
AMEX:JETS
NYSE:DAL
American Airlines to find support at previuos resistance?American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 / 15.70 / 15.00
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American Airlines Group flying up to $16.93 Inv Head and Shoulders has formed on Daily chart
We are just waiting for the breakout which will send the price to Target $16.93
With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
AVCTif youre in this play. we pulled back and tested this break out zone at around 0.20c. tomorow willl be big when we get jobs market data. so we pulled back and now testing that zone. also the 200 simple is in the same place we"ll want to see if that turns into support. for bulls you want to see this hold and turn it into solid support then get over 0.24c and rip. for bears you want to stay below 0.24 if you can, thats what id look for then to the next level if breached.
these are very volitle in each direction, so be careful. im keeping an eye on it. i have a few tickers like this im just having fun with, im not sure about any news catalyst or anything yet. ill be doing dd tonight. but id assume anything would likely get it moving in corresponding direction.
Usually this is the lowest volitile week of the year. and it was the MOST volitle.
~This is the year of the active trader. happy trading.~
Big moves ahead of AEO. Year long correction is over.I think that AEO is one of the most overlooked stocks right now. Elliot wave analysis suggests that the year long correction is over and we are on the brinks of starting a new motive wave. We clearly saw a breakout out of the falling wedge on friday, and that's BULLISH. Not only that, but AEO is a company that actually makes money. Above all that, AEO is a highly shorted stock with 23% of the free float shorted. Also, SPY is bound to rally into a corrective leg, short term is looking BRIGHT for AEO. NFA.
American Express Long Term Technical ViewAmerican Express Company, together with its consolidated subsidiaries (“American Express,” the “Company,” “we,” “us” or “our”), is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Our principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
We were founded in 1850 as a joint stock association. We were incorporated in 1965 as a New York corporation. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (“TRS”), are bank holding companies under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), subject to supervision and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).
Our headquarters are located in New York, New York in lower Manhattan. We also have offices in other locations throughout the world.
We are principally engaged in businesses comprising four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services, all of which are described below. Corporate functions and certain other businesses, including our Enterprise Growth Group and other operations, are included in Corporate & Other.
We compete in the global payments industry with charge, credit and debit card networks, issuers and acquirers, as well as evolving alternative payment providers. As the payments industry continues to evolve, we are facing increasing competition from non-traditional players that leverage new technologies and customers’ existing accounts and relationships to create payment or other fee-based solutions. We are transforming our existing businesses and creating new products and services for the digital marketplace as we seek to enhance our customers’ digital experiences and develop platforms for online and mobile commerce.
AAL will show up breakout now on this key level and channelMarket Instrument: AAL
Timeframe: DAILY
Analysis: Technical
Structure: Key Level, Descending Channel
Prediction: Bullish
AAL is running inside a strong descending channel where it requires a breakout on both the key level and upper boundary of the channel formed to continue its bullish run ahead.
Another short on American. AXPOh yes!
Goals 151, 146, 140. Invalidation at 211.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AT&T | Fundamental Analysis | LONG SETUP AT&T stock is disappointing most experts and shareholders: telecom giant's evolution into the satellite TV and media markets, as well as lagging development in its wireless business, has driven its stock price to drop more than 40 percent over the past five years.
But there have been a few good aspects of the past year. AT&T slowly decreased its leverage by selling 30% of DirecTV, getting rid of WarnerMedia via a merger with Discovery, and selling other non-core assets to get fresh cash. The company's stock also rose briefly in January as increased interest rates made investors tend the securities again.
Between Jan. 1 and Jan. 18, AT&T's stock price increased 11%, while the S&P 500 fell 4%. However, AT&T subsequently squandered almost all of those gains as several worrying aspects emerged on the horizon.
At the beginning of the year, AT&T investors were unsure whether the company was going to spin off or split off WarnerMedia after the merger with Discovery.
In case of the spin-off, AT&T would distribute about 1.7 billion shares of Warner Bros. Discovery. Each investor would have received 0.24 shares of the new media company for each AT&T share they owned.
In a company split-off, AT&T investors would have been allowed to directly exchange all or part of their AT&T stock for Warner Bros. Discovery. Such an exchange would likely result in about 20 percent of AT&T's outstanding shares going out of circulation and would be tantamount to a massive share buyback for the remaining AT&T investors. But to persuade AT&T's investors to accept such an exchange, the company would probably have to offer its shares to Warner Bros. Discovery at a discount to their base value.
Many AT&T investors preferred the split-off since it was more adaptable, reduced the number of AT&T shares outstanding, and allowed them to get Warner Bros. Discovery at a better price.
Last week, AT&T CEO John Stankey assured that the company intended to spin off its stake in Warner Bros. Discovery, saying it is "simple, efficient and results in AT&T shareholders owning stock in both companies." The decision, already hinted at during AT&T's Q4 conference call on Jan. 26, weighed on the company's stock.
AT&T also announced a reduction in its annual dividend from $2.08 to $1.11 per share to reflect the sale of WarnerMedia. The announcement was not that shocking, since AT&T had previously told investors that it would cut its cash dividend payout ratio after the company split, but the reduction in the projected yield from 8.5% to 4.5% probably worried some income investors.
The dividend cut may also prompt some investors to take a closer look at AT&T's competitor, Verizon, which has a higher projected yield of 4.8%, controls most of the U.S. wireless market, and is not involved in confusing sales and splits.
At the end of 2021, the U.S. Federal Aviation Administration (FAA) said that 5G C-band networks, which are mostly used by AT&T and Verizon, could interfere with aircraft navigation systems.
In early January, AT&T and Verizon voluntarily shut down their 5G transmitters near airports and deferred their 5G network expansion assignments in nearby areas. On Jan. 28, the FAA, AT&T, and Verizon reached an agreement to include more 5G towers near airports, but only in particular locations that have been properly mapped.
These setbacks will likely be transient, but they could give T-Mobile -- which uses a mid-band (600 MHz to 2.5 GHz) spectrum instead of a high-band (3.7 GHz to 4.2 GHz) C-band spectrum -- an advantage over its two competitors.
T-Mobile's use of the mid-band spectrum, which penetrates buildings and hard objects more easily than the high-band spectrum, has already provided 5G networks with much wider coverage than AT&T and Verizon. If additional concerns about the security of C-band networks emerge in the future, AT&T and Verizon may find it difficult to catch up with T-Mobile in the 5G race.
If you already own AT&T, you should probably just hold your stock as the low valuation, high dividend yield, and forthcoming Warner Bros. Discovery should limit the downside potential.
But investors who don't already own AT&T probably shouldn't buy stock in this battered company just yet. In this volatile and relentless market, there are plenty of other top blue-chip stocks to buy right now.
Waiting DEalThis ETF performs well on the return to the long zone. Closure above the level of 91.33 - entry into the deal. Target: 107.5. ( Upside 17.8%).
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BuyThe paper successfully tested a new height and is moving higher. Fundamental factors are on its side. It traded. I recommend to take with fast targets to 33.
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Waiting ATHThe paper looks very good technically. Last time such patterns worked well. The level of 3560 can be considered as the start of the longing scenario. It bounces well from the support zone without tending to go down.
However, the position set by some players is already starting. But I don't recommend doing it in the middle of the channel unless you are a long-term investor. Target - 4000 ( 15% upside)
Analysts of the big banks even count on 4150 -4300 per share.
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AMERICAN AIRLINES ON RECOVERY - INTERESTING - ALL - DAILYThank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea
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ALL American Airline Group >
- A slow recovery
- A strong redline roof
- A potential triangular long entry zone
- Beating some strong selling powers ranging above those past levels
AMERICAN AIRLINES rebound approaches $28.27American airlines has been on a Long term downtrend like Singapore airlines since October of 2018. The pandemic accelerated that downtrend to a low of $8.25.
A long signal on 9/11/20 at the price of $12.70 targeted the monthly pivot at $28.27
As we approach the rebound target, the daily support will play an import pivot as an over head resistance in 27 month downtrend.
LONG TERM DOWNTREND SINCE 011018
MEDIUM TERM UPTREND SINCE 301120
SHORT TERM UPTREND SINCE 091120
PIVOT 21.23
Long position above 21.23 for 28.27 and 36.54
Short positions below 21.23 for 18.42 and 17.31
AIG fourth - quarter profit tops targetAIG fourth-quarter profit tops target; virus, disaster, derivatives weigh on results
There are various bullish news and bearish news around this stock!
graphically everything says that it will go up.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
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AAL Long GameSpikes in American Airlines have been pretty common over the last the past six months. With sudden spikes to the stock over $18 or within that target price range. As of recently, the stock beat their estimates by $0.25. However, due to COVID-19, the stock will see very neutral trends and even bear trends. In 2019, American Airlines revenue was at $47.7B which was sharply taken away from the pandemic with a revenue of only $17.34B in 2020. As of recently, American Airlines warned employees they should brace for another wave of furloughs. The Center for Disease Control recently updated their guidelines when people are using public transportation to wear the appropriate attire to prevent the spread of COVID-19.
While the public's use of airlines has decreased over the past year people are still using the airline. Currently, it is hard to determine if the updated regulations on people traveling will improve revenue and make travelers feel safer when they travel.
This should not scare the buyers or the bulls away.
Will it take some time for NASDAQ:AAL to recover? Yes, it will take close to a year if not longer to recover. Despite a long recovery time the stock is still undervalued.
It's hard to estimate when there will the "pre-COVID" stock price but eventually the company can get there.
Long will be the best strategic outcome for this stock because of its necessity to people who travel for work or vacations. While it looks like there are no future plans of government action to be taken on airlines and transportation (again) it should not be surprising. Especially, if such action were to be taken up late spring/early summer. For the time being, it is quite frankly just a long waiting game.
References:
"American Airline Jobs." (Reuters). www.reuters.com
"Requires Face Masks." Center for Disease Control. www.cdc.gov