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- AAL Stock, named as An American airline holding company with its main office in Fort Worth, Texas, is called American Airlines Group Inc.
- The harmonic motion of AAL Stock price can be observed over the daily price chart.
- AAL stock price may forecast some potential to its investors in this week or in the upcoming week.
American Airlines Group Inc share price has been continuously fluctuating inside a price range over the daily chart. AAL stock is currently bullihs over the chart and buyers are trying to carry forward this accumulation rate throughout this week’s trading sessions. AAL stock can surge towards $15.00 price rate as soon as it starts surging with the higher accumulation rate within the day’s trading session and in the upcoming day’s trading sessions. Meanwhile, higher volume is providing a big advantage to AAL share for it to surge with a constant uptrend momentum. Currently the average volume has reached to 24.991M showing that AAL stock is getting some attraction all around the financial market.
AAL stock price is currently approximated at $13.06 and has risen around 4.15% within the day’s trading session.
AAL stock price needs to maintain the current accumulation rate and the uptrend momentum of the AAL share price. However, volume change can be seen below average and needs to grow for AAL share to keep rising towards the distribution phase. Also the AAL share price is trying to recover towards 20 EMA and may prepare for remaining 50, 100 and 200-days Daily Moving Average.
Some interesting Levels to be attained by AAL Share
AAL stock price has been through an interesting roller coaster ride over the daily price chart. However, the threshold is the distribution and accumulation phases at $12.00 and $15.00 respectively. AAL stock price has been constant inside the range and this time if accumulation rate pushes harder AAL share may surge towards the distribution phase to register its breakout. Meanwhile, the demand zone includes the lower levels of $12.40 and $12.00 whereas the resistance remains at $15.00.
Will AAL Stock Skip Fluctuating and Break out?
American Airlines Group Inc share price has been continuously fluctuating inside a price range over the daily chart. The current consolidation must be avoided by the AAL stock price to break out from the range-bound area. Technical indicators showcase the uptrend momentum of ALL stock.
Relative Strength Index showcases the strong recovery phase of AAL share price. RSI is at 43 and is trying to break out from neutrality. MACD exhibits the uptrend momentum of the stock price. The MACD line is about to cross the signal line for a positive crossover. AAL stock investors need to wait for the accumulation rate to reach its threshold to look for the recovery of stock.
Summary
American Airlines Group Inc share price has been continuously fluctuating inside a price range over the daily chart. AAL stock is currently bullihs over the chart and buyers are trying to carry forward this accumulation rate throughout this week’s trading sessions. Meanwhile, the demand zone includes the lower levels of $12.40 and $12.00 whereas the resistance remains at $15.00. Technical indicators showcase the uptrend momentum of ALL stock. The MACD line is about to cross the signal line for a positive crossover.
Technical Levels
Support Levels: $12.40 and $11.65
Resistance Levels: $15.00 and $15.75
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
