The Greedy Trader Weekly Analysis
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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American Airlines Group (AAL) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 14.16Broken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the American Airlines Group (AAL). During the week, the AAL dropped -0.72 points, or -4.90%, and closed at 13.96 on Friday, March 15, 2024. AAL was trading at average weekly trading volume.

AAL is a member of Industrials Sector. Industrials is the most overbought sector. 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 price is near the trend resistance line (14.16). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 Rising Channel chart pattern. The uptrend support line (14.38) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 13.78 on March 14, 2024. AAL lost 2.37 points, or 14.67%, in 10 days. The price is now at the 7.59% retracement level.

Daily Technical Indicators: [See AAL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 26.60
Williams' Percentage Range (W%R) 92.40
Strong Oversold
Lane's Stochastic (%D-Slow) 11.33
Oversold
Greed/Fear Indicator (GFI) 15.18
Oversold
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.29
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 65.05
Greed/Fear Indicator (GFI) 57.59
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 16.46
Upper Bollinger Band 15.69
Weekly Stochastic Crossing 15.18
Parabolic System 14.96
20 Day Moving Average 14.83
50 Day Moving Average 14.52
Quarterly Trendline Support 14.38
Yearly Trendline Resistance 14.16
Price 13.96
Daily Stochastic Crossing 13.91
Lower Bollinger Band 13.53
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Airlines 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.15
High Date 03/04/2024
Low 13.78
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.15
High Date 03/04/2024
Low 13.78
Low Date 03/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.15
High Date 03/04/2024
Low 13.78
Low Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 16.46
Support 14.38
Low 10.86
Low Date 10/31/2023
High 16.15
High Date 03/04/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 14.16
Support 11.14
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.