American Airlines: a bounce without conviction
American Airlines stock bounces 5.5%, but the Sell signal still lacks push
American Airlines: a bounce without conviction
Our view last week
American Airlines stock closed the week down 3.4%, but under the surface the picture is more nuanced: the daily chart carved out a clean double bottom in the 13 area, with a 41% rebound off the lows, while price stays boxed into a tight range. American Airlines technical analysis: the Sell signal is in its second week and confirmation is still pending, with signal strength reading this move as a simple isolated weekly drop.
This week's summary
American Airlines stock bounces 5.5% this week, a technical rebound off the daily 50-day moving average, following last week's pullback. Under the surface nothing has changed: sellers still control the volume and money flow stays negative. American Airlines technical analysis: the Sell signal is in its third week, and signal strength drops to 8 out of 100 — a decline with no fresh push, no longer making new lows but not turning around either.
IQS Phase
52
ordinary
Signal Strength
8
decline losing steam
Sizing
MINIMUM
Ranking
#73 / 138
US stocks sell signals
Trade P&L %
-1.94%
from signal to date, no stop loss
Rank position
ranks 73rd among the 138 sell signals for US stocks in our ranking, with a signal strength of 8 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
AAL belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content