American Airlines Group
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|It was the negative week for the American Airlines Group (AAL). During the week, the AAL dropped -1.27 points, or -3.20%, and closed at 38.42 on Friday, August 03, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was 6% above average. |
Long-term trend: [See AAL long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 24.85 and reached 59.08 on January 16, 2018. AAL gained -34.23 points, or -137.75%, in 81 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See AAL medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 57.44 and reached 35.64 on July 12, 2018. AAL lost 21.80 points, or 37.95%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (34.13) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See AAL weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 March 23, 2018. 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 uptrend had started on July 12, 2018 at 35.64 and reached 40.85 on July 27, 2018. AAL gained -5.21 points, or -14.62%, in 15 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See AAL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 16, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.