The post AAL Stock Price In Free Fall: Can AAL Price Hit 3-Year Low? appeared on BitcoinEthereumNews.com.

1 AAL stock price slid 4.08% intraday on Monday and currently trades at $12.24. 2 American Airlines Group (NASDAQ: AAL) has been in a free fall since mid-July 2023.  2 The daily chart shows an accumulation of over a week near the recent swing swing low.  American Airlines Group (NASDAQ: AAL) stock price has been in a free fall since the middle of July and has dropped more than 35% in the period. The stock price has been continuously witnessing selloff from the upper levels and has dropped directly from a high of $19.08 to a current of $12.24. Furthermore, the price trend analysis elaborates that the AAL stock price experienced a bullish rally in the last quarter after bottoming out from a low of $13. The stock price gained almost 45% to reach a high of $19 by the end of the quarter. However, the current quarter observed a free fall with no major pullbacks. The stock price declined, wiping out the gains in the current quarter. American Airlines Group is a holding company engaging in the operation of a network carrier.   Currently, the AAL stock price is consolidating near the lows. The breakdown below the $12 level might trigger a selloff and the price may decline to lower support levels. Moreover, the breakout to the upside might bring some short-term optimistic opportunities and the price may try to recover. Source: barchart.com AAL stock’s option-chain analysis states that the current implied volatility in the market of AAL is 50.84% with an increment of 3.27% in the last trading session. The at-the-money strike price has 1919 open contracts on the PUT side and 188 open contracts on the CALL side; indicating the dominance of buyers at the current level. AAL Stock Price Forecast For 2023 Source: American Airlines Group 1D.…

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Filed under: News - @ October 10, 2023 9:26 pm