American Airlines (AAL) stock is not expected to rise above $14 in the next month. Here's the analysis to support this conclusion:
- Current Analyst Price Target: The current analyst average price target for American Airlines is $14.31, which is slightly above the current closing price of $10.731. This suggests that analysts do not see a significant upside potential in the short term.
- Technical Indicators: The technical indicators such as MACD (0.12), RSI (28.97), and KDJ (40.28) do not indicate an imminent upward trend2. The RSI is close to the oversold territory, which could suggest a potential for a short-term rebound, but it does not support a rise above $14.
- Moving Averages: The stock is currently trading below its 5-Day, 10-Day, and 20-Day moving averages ($10.97), ($11.07), and ($11.17), respectively3. This indicates a bearish trend in the short to medium term.
- Fibonacci Retracement: The 0.382 Fibonacci Retracement over the past year is $14, which is the same as the current analyst price target4. However, the 0.618 Fibonacci Retracement is $15.94, which is above the current analyst target and suggests a potential for a more significant upside if the market conditions change.
- Market Sentiment: The overall market sentiment, with a hold rating from analysts and a lack of earnings per share data, does not indicate a strong positive outlook for American Airlines in the next month1.
In conclusion, while there is a potential for a short-term rebound based on the RSI, the current technical indicators and market sentiment do not support a rise above $14 for American Airlines in the next month.