AMERICAN AIRLINES - Up 12% since last postOne of the last 'Hidden gems'' trades of the covid era, American Airlines could be a nice flight to Money-Land.
With airports opening and people around the world ready to fly and travel again, AAL stock is up over 12% since last post and technically the price is in an ascending channel and should rise to test the 30-32$ resistance with potential of breaching over towards the normal 50-55$ levels.
Let's travel guys and don't forget to visit CYPRUS for your holidays.
(come visit me in Limassol)
the FXPROFESSOR
Americanairlines
$AAL Weekly rangeAmerican Airlines is currently in an impulsive wave higher on the weekly timeframe. The daily chart shows the start of a slow pullback before continuing higher, but the current trend suggests a continuation from this range. As long as we don't go lower than 14.68 way below the weekly range, AAL's long bias will still be on target. Lagging span and green cloud all look very decent for a bigger move.
Take Off With American Airlines With the earnings data of American Airlines just around the corner, now seems like the perfect time to consider going long on ALL's stock at the most opportune moment.
The coronavirus pandemic has pressured the stock as the tourism sector as a whole suffers from low activity - this was exacerbated recently with the global uptick of new cases - but the situation is improving.
AAL has consolidated above the psychologically significant support level at 20.00, which entails the potential emergence of a new bullish trend from said level.
Notice that the price action is currently in the process of establishing a major Falling Wedge which represents a classic trend continuation pattern. Once the price action manages to break out decisively above the Wedge's upper boundary, this would allow for the rally to continue advancing further north. The previous swing peak at 26.00 represents the first major target for the bulls.
Keep in mind that the market is currently ranging - as elucidated by the fact that the ADX indicator is threading below the 25-point benchmark, which means that the price is likely to continue fluctuating within the Wedge in the foreseeable future.
AAL is likely to attempt another false breakdown below 20.00 before it can break the range and establish a new uptrend.
American Airlines : end of bull-run? Volumetric analysis and position management to limit risk, constantly updated, to follow my operations, always for information purposes.
As you can see we have reached a turning point, both as regards the 786 Fibonacci level, which among other things coincides with a gap created at the end of February 2020, and for the volumetric levels, i.e. the price exchanges, verified. on certain values.
26 (25.95 to be more sure) is the target.
This week there will be the Earnings, the forecasts are bad, obviously, so a positive surprise could give the final boost to the title to reach and exceed the target.
Realistically, however, AAL really seems to have run out of energy, the week just ended was further proof of that. Low volumes, unloading of the stock which then closes below the support trendline it had held since January 21.
The price space is very low, sometimes it happens that there can be 1 or 2 positive days before the earnings. We'll see.
My "stop profit" is very tight, in the area of 21.61, if it is taken it will still be one of the best trading operations of the year. (My enter price is in 15 area)
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AAL Trading One Pennant Setup for Another: STILL BULLISHTRading AAL is still a viable play it's just a matter of time. I lay out a few scenarios based on converging trends. It's starting to look like a Gant chart lol. We are at a crucial point exactly right now, Let' hope it holds stays over 22.50 tomorrow to remain on the trend. Any one of these trends will do to get us to a breakout... if they hold. It's just a matter of time and how long we have to hold. I show my closest date projections out to APR 27. My opinions only.
AAL Stock 30/03/21 Analysis 4H ChartNASDAQ:AAL - Trend Analysis -
📑Value: 4/20
📈Growth: 20/20
💰Profitability: 6/20
🚀Momentum: 16/20
💸Earnings: 10/20
🖇️Total Score: 56/100
Data:
Volume 39.56M
Average Volume (3 months) 56.61M
Previous Close $22.91
Open $23.10
Shares Outstanding 639.68M
Technicals:
( Simple Moving Average )
10D SMA $23.58 (+2.28%)
50D SMA $19.79(+21.87%)
200D SMA $15.06 (+60.20%)
Market Cap $14.67B
Total Debt $41.02B
Cash $6.86B
Enterprise Value $48.82B
Revenue $17.34B
Gross Profit -
Net Income -
EPS Diluted -$18.36
Free Cash Flow / Share -$17.57
AMERICAN AIRLINES BREAK OUTAfter 14 days of laterality, where the price tried 4 times to break the barrier of $ 22.50, on Friday American Airlines (AAL) gave a sign of strength, breaking the resistance and closing the session at 23 , $ 37 per share.
The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines.
In the next week we will see if the stock manages to break the resistance trendline in the 23.68 area, if it does not, there could be a pullback on the 20 EMA or on the support trendline, which would represent a good buying opportunity.
The first price target for me is and remains $ 30 , which is the price that AAL had at the beginning of February 2020, before the collapse caused by COVID-19.
Lazy Bull
𝗥𝗘𝗔𝗗 𝗖𝗔𝗥𝗘𝗙𝗨𝗟𝗟𝗬 !!!
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
American Airlines (AAL) to $30? 🚀🚀 4H ChartIf the economy do re-open as soon as planned, the giant of the airlines industry could see a bullish up trend.
- Breaking up ⬆️ a 167 days accumulation range.
- Cup chart pattern formation.
- Price over MA200, MA50 indicators lines.
- $30 was the price before the pandemic plunge.
American Airline.***Based on analysts offering 12 month price targets for AAL in the last 3 months.
The average price target is $14.14 with a high estimate of $20 and a low estimate of $10
Analyst Firms Making Recommendations
B OF A GLBL RES
COWEN & COMPANY
DEUTSCHE BK SEC
JEFFERIES & CO.
JP MORGAN SECUR
RAYMOND JAMES
SEAPORT GLOBAL
STIFEL NICOLAUS
WOLFE RESEARCH
Analyst
$14.14
*** Short interest is around 16 % as of 27.1.2021
2 day to cover.
No buying & selling kind of scary !!! or nothing worthy to take action for !!!
***Insider Ownership Percentage: 1.03%
Insider Buying (Last 12 Months): $0.00
Insider Selling (Last 12 Months): $0.00
Strong institutional ownership is an indication that hedge funds, large money managers
and endowments believe a company will outperform the market over the long term
Well AAL is at he bottom here !!! Hedges are not interested i guess !!!
****73.1% of Alaska Air Group shares are owned by institutional investors
-60.9% of United Airlines shares are owned by institutional investors
-59.5% of Delta Air Lines shares are owned by institutional investors
--44.4% of American Airlines Group shares are owned by institutional investors
***Period Ending: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Total Assets 62008 59995 60580 52785
Total Liabilities 8875 60113 60749 53565
Total Equity -6867 -118 -169 -780
American Airlines - $28 TargetIt's been an absolutely wild week for everyone in the finance game this week. Let's see how the volatility continues. We're checking back in with our $AAL charts.
Looking back to our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. We took a swing position and exited this one around $18.00 stop-loss. We hopped back in at the $15-$16 range and began building our position there once $AAL broke out of that downtrend pennant and retested for support. The majority of all the trading volume here has been under the $17 range. If this gains momentum, we could see a rise to the $28 levels sooner than expected along with some shorts getting squeeze on this stock as well. Keeping a close watch on this one.
Updated Targets:
1. $22.75
2. $28.84
3. $34.81
Watching closely, and will come back with more updates.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
American Airlines, is 2021 a good year to invest? American Airline (AAL) has taken a major hit due to the COVID-19 pandemic in 2020, as have all the other airlines, which has subsequently destroyed the demand for air travel as people were forced into lockdown. AAL stock went from $29.32 high in February down to $8.23 low in May. Since then, the price has been fluctuating, bouncing up only slightly to the current level of $15.68. This stock is untouchable for investors at the moment, despite the progress being made with the vaccine and promises that demand will return to sustainable levels during summer 2021. The oracle of Omaha, Warren Buffet, sold his stock in AAL in Spring in 2020. Despite coining the phrase ‘Be greedy, when the others are fearful’, the famous long-term investor has changed his views regarding the future of the airlines.
But is 2021 a better year to buy this stock?
Financial Factors
First, let us look at the company’s financials. American Airlines, which has a $9.55 billion market cap, had troubles even before the pandemic. While operating around 700 flights per day into 50 different countries, the company already had revenues falling annually by 9%. According to the Wall Street Journal, as additional travel restrictions were put during summer, AAL’s third-quarter revenue plummeted by 73% year-on-year, reporting $2.4 billion in net losses. Despite some people still travelling during the Christmas period, the demand level is nowhere near enough and the airline continues to burn through cash daily to stay afloat. Based on the projection of the International Air Transport Association, total losses for the airline industry will be almost $40 billion in 2021 and a rebound in air travel demand will only be in 2024. The projections from the Deutsche Bank and Goldman Sachs put the stock price in the range of $15-$20, advising to stay away from investing more until the turnaround in the pandemic.
Technical Analysis
Based on the chart analysis of AAL, price action broke a strong support level of $25 during the start of the pandemic, this level will now act as a strong resistance and will take significant buying pressure to overcome. Price has been below the 200SMA since April 2018 and 50SMA crossed below the 200SMA, known as the Death Cross, in December 2018, further signalling the downtrend’s strength. A symmetrical triangle pattern has formed once the stock hit the low of $8.23, a warning of potential continuation lower in the coming months. The lowest level for this stock was after the 2008 crash at $1.42, so there is plenty of room to go lower. Brokerage firms report increased buying of airline stocks since they became cheap enough to buy and hold for the long-term, stopping AAL from plunging lower so far. But the situation may change drastically if air travel remains restricted.
So, should I invest now?
The eyes of investors are on the spring and summer season. Reports from the World Health Organization suggest that lockdowns will ease once warm weather arrives in March and April. Further developments of the vaccine and its distribution bring hope to see air travel demand improve. As American Airlines announced a strategic alliance with JetBlue on January 12, investors are more optimistic that such measures will keep the stock from collapsing.
For an average investor with limited capital investing in this stock right now is dangerous as the pandemic continues to batter air travel, Until the stock finds a way to close at least above $25, there is a real danger of falling into a bull trap. Best to wait until Spring to evaluate potential entry into this stock. Big banks and Hedge Funds will, of course, continue to hold AAL stock long-haul, because they can afford it. But should there be another hit in the USA and worsening conditions of the pandemic, they will immediately sell it.
Important to remember, that this company is protected by the US government is unlikely to sink completely. Additional bailouts will be ready if needed. We shall know more after Biden’s inauguration on January 20 and see how his administration plans to support the airline's industry.
If you found this analysis helpful, please leave a like and share your thoughts in the comments!
Good Luck and Stay Healthy!
AAL - Still Valueable StockFalling stock from 2018 and COVID-19 push it more and for many Analyst it's under-performing stock but it should have a fair value and now it's below from real value. After Vaccine race it will rise for some time.
The Company's primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo.
It's not just one carrier and travel demand will be high in 2021.