The price of American Airlines Group, Inc. (AAL) slipped slightly in its latest intraday trading, accompanied by negative signals from the RSI indicators. The stock is attempting to gather positive momentum that may help it recover and rise again, supported by continued trading above its 50-day simple moving average. This maintains the dominance of the short-term corrective uptrend, especially with price action moving along a supportive trendline.
Therefore, we expect the stock to rise in the coming sessions, as long as support at $12.16 holds, targeting the key resistance level at $14.00.
Todays price forecast: Bullish