American Airlines Group, Inc (AAL) stock declined in its recent intraday trading, with the drop finding support at the 50-day simple moving average, coinciding with a test of a short-term corrective ascending trendline. This confluence strengthens the importance of this area as a potential support zone where the stock may establish a higher low to launch a renewed upward move. This outlook is further supported by a developing bullish crossover in the Stochastic, after reaching extremely oversold territory relative to price movement, suggesting the beginning of a bullish divergence.

Based on this, we expect the stock to rise in upcoming sessions, provided support at $11.00 holds, targeting the key resistance level at $13.18.

Todays price forecast: Bullish.