American Airlines Group (AAL) Price Slides To 3-Year Low
The post American Airlines Group (AAL) Price Slides To 3-Year Low appeared on BitcoinEthereumNews.com. American Airlines Group Inc. (AAL) stock price released its third quarterly report yesterday i.e. 19th October, post which, the stock price experienced volatility. The stock price opened flat and surged over 6% in the first half. However, the stock price suffered rejection from the upper levels and closed with a slight gain of 0.79%. The AAL company reported mixed results with earnings outperforming and the revenues missed the expectations. The company posted a revenue of $13.48 Billion; missing the estimates by 0.23%. Moreover, the company reported earnings of $0.38, surprising the estimates by 50.5%. Moreover, the pre-earning sentiments were negative; dragging the price to a three-year low after a short consolidation near the recent support. The earnings failed to create a major impact on the price trend. Source: barchart.com AAL option-chain analysis states that the current implied volatility in the market is 44.19% with a decrement of 4.58% in the last trading session. The at-the-money strike has an OI of 19,446 on the PUT side and 9,858 on the CALL side indicating the domination of buyers at the CMP. AAL Price Shows Formation of Symmetrical Triangle Pattern Source: American Airlines Group 1D. NASDAQ By TradingView The American Airlines Group Inc. stock price analysis shows that the stock price is bearish in the short term as well as the long term. The stock price did not show a major improvement after the earnings. The price may continue to decline further if it breaks below the recent low. Moreover, the price recovery needs strong buyers at the lower levels to halt the further decline and surge the price higher. Technical Indicators Show Volatility in Near Term Source: American Airlines Group 1D. NASDAQ By TradingView The daily AAL price chart shows that the price fell below the 50-day and 200-day EMA; indicating bearishness…
The post American Airlines Group (AAL) Price Slides To 3-Year Low appeared on BitcoinEthereumNews.com.
American Airlines Group Inc. (AAL) stock price released its third quarterly report yesterday i.e. 19th October, post which, the stock price experienced volatility. The stock price opened flat and surged over 6% in the first half. However, the stock price suffered rejection from the upper levels and closed with a slight gain of 0.79%. The AAL company reported mixed results with earnings outperforming and the revenues missed the expectations. The company posted a revenue of $13.48 Billion; missing the estimates by 0.23%. Moreover, the company reported earnings of $0.38, surprising the estimates by 50.5%. Moreover, the pre-earning sentiments were negative; dragging the price to a three-year low after a short consolidation near the recent support. The earnings failed to create a major impact on the price trend. Source: barchart.com AAL option-chain analysis states that the current implied volatility in the market is 44.19% with a decrement of 4.58% in the last trading session. The at-the-money strike has an OI of 19,446 on the PUT side and 9,858 on the CALL side indicating the domination of buyers at the CMP. AAL Price Shows Formation of Symmetrical Triangle Pattern Source: American Airlines Group 1D. NASDAQ By TradingView The American Airlines Group Inc. stock price analysis shows that the stock price is bearish in the short term as well as the long term. The stock price did not show a major improvement after the earnings. The price may continue to decline further if it breaks below the recent low. Moreover, the price recovery needs strong buyers at the lower levels to halt the further decline and surge the price higher. Technical Indicators Show Volatility in Near Term Source: American Airlines Group 1D. NASDAQ By TradingView The daily AAL price chart shows that the price fell below the 50-day and 200-day EMA; indicating bearishness…
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