CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

American Airlines

Market Opportunities - 21/07/2021

21 July, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

American Airlines (#AMERICAN_A) weekly uptrend opportunity based On 1.00 Lot Calculation:

  • American Airlines Group Inc. is one of the largest airlines in the world. It is based in the United States and operates globally in over 60 countries. Prior to the pandemic, American Airlines carried 200 million passengers per year.
  • EVENT: American Airlines is expected to report its next Quarterly Earnings on July 22, 2021. It has recorded better than expected earnings in 4 of the last 8 quarterly releases.
  • VACCINATION PROCESS EXPANDS GLOBALLY WITH 3.67 BILLION DOSES BEING ADMINISTERED SO FAR AT AN AVERAGE DAILY RATE OF 32.8 MILLION DOSES. The expanding vaccination process keeps chances high that more and more countries will reopen into the summer, which could increase travelling and therefore the airline industry in general could continue recovering.
  • STOCK PRICE ACTION: American Airlines stock remains around 25% below the pre-Pandemic price of $30 as it traded slightly above the mark of $20.

American Airlines (#AMERICAN_A), July 21, 2021

Current Price: 20.40

American Airlines

Weekly

Trend direction

UP

Resistance 3

27.50

Resistance 2

25.00

Resistance 1

23.00

Support 1

18.00

Support 2

16.00

Support 3

14.00

Example of calculation base on weekly trend direction for 1.00 Lot*

American Airlines

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

7,100

4,600

2,600

-2,400

-4,400

-6,400

Profit or loss in €**

6,037

3,912

2,211

-2,041

-3,741

-5,442

Profit or loss in £**

5,204

3,372

1,906

-1,759

-3,225

-4,691

Profit or loss in C$**

8,982

5,819

3,289

-3,036

-5,566

-8,097

* 1.00 lot is equivalent of 1000 units

** Calculations for exchange rate used as of 14:22 (GMT+1) 21/07/2021

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

*** You may wish to consider closing your position in profit, even if it is lower than suggested one

**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

Share It With Your Network
American Airlines Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now