Will AERCAP HOLDINGS NV (NYSE:AER) Break Out? A Technical Analysis Perspective.

Our stockscreener has identified a possible breakout setup on AERCAP HOLDINGS NV (NYSE:AER). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:AER for potential opportunities.

What is the technical picture of NYSE:AER telling us.

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 10 out of 10 to AER. Both in the recent history as in the last year, AER has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that AER is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, AER also shows a nice and consistent pattern of rising prices.
• AER is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 87% of 48 stocks in the same industry.
• AER is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so AER slightly outperforms the market at the moment.
• In the last month AER has a been trading in the 96.33 - 107.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of AER contains the most current technical analsysis.

How does the Setup look for NYSE:AER

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:AER currently has a 9 as setup rating:

AER has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 98.61, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NYSE:AER be traded?

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.