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published in Blogs
Jun 21, 2019

American Airlines (AAL) hits trend line again, gets another bearish signal

Back on May 8, I wrote a bearish article on American Airlines (NYSE: AAL). I cited a downward sloped trend line, a bearish crossover from the daily stochastic readings, and a bearish signal from the Tickeron Trend Prediction Engine as the reasons for the bearish posture.

The stock was trading just under $34 at the time of that blog entry and it would eventually fall to $27. The stock has since rallied back, but it is running into the same downward sloped trend line again.

We see that the daily stochastic readings just made a bearish crossover, just as they did in early May. The Tickeron Trend Prediction Engine just generated another bearish signal as well. This signal came on June 17 and it showed a confidence level of 69%. Previous predictions on American Airlines have been successful 79% of the time. This signal calls for a decline of at least 4% over the next month.

American’s fundamentals are part of the reason for the downward trend. The company’s earnings have declined by 18% per year over the last three years. Earnings fell by 30% in the most recent quarter. Sales have barely increased at all, increasing by only 4% per year.

The company’s return on equity is neutral right now and the profit margin is below average at 6.3%.

Related Ticker: AAL

AAL in upward trend: price may ascend as a result of having broken its lower Bollinger Band on March 12, 2024

AAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where AAL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 22, 2024. You may want to consider a long position or call options on AAL as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AAL just turned positive on March 22, 2024. Looking at past instances where AAL's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

AAL moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for AAL moved above the 200-day moving average on February 29, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAL advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 174 cases where AAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for AAL crossed bearishly below the 50-day moving average on March 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (107.746). P/E Ratio (12.669) is within average values for comparable stocks, (19.076). Projected Growth (PEG Ratio) (0.329) is also within normal values, averaging (0.729). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.209) is also within normal values, averaging (0.975).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.94B. The market cap for tickers in the group ranges from 9.36K to 30.8B. DAL holds the highest valuation in this group at 30.8B. The lowest valued company is KLMR at 9.36K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 5%. ELALF experienced the highest price growth at 32%, while FLYX experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was 16%. For the same stocks of the Industry, the average monthly volume growth was 19% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 68
Price Growth Rating: 51
SMR Rating: 70
Profit Risk Rating: 90
Seasonality Score: -12 (-100 ... +100)
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AALDaily Signal changed days agoGain/Loss if shorted
 
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published General Information

General Information

a provider of air transportation services for passengers and cargo

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
1 Skyview Drive
Phone
+1 682 278-9000
Employees
132100
Web
https://www.americanairlines.in
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