Technical Analysis for AC - Air Canada

Grade Last Price % Change Price Change
D 18.570 0.49% 0.090
AC closed down 0.27 percent on Wednesday, May 8, 2024, on 82 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 10
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.49%
Calm After Storm Range Contraction 0.49%
NR7 Range Contraction 0.49%
Narrow Range Bar Range Contraction 0.49%
Oversold Stochastic Weakness 0.49%
MACD Bearish Centerline Cross Bearish 0.22%
Stochastic Reached Oversold Weakness 0.22%
Oversold Stochastic Weakness 0.22%
Calm After Storm Range Contraction -1.38%
Calm After Storm Range Contraction -1.01%

   Recent Intraday Alerts

Alert Time
Up 1% about 2 hours ago
Hammer Candlestick Entry about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Possible NR7 about 23 hours ago
Fell Below Previous Day's Low 1 day ago

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Profile

Air Canada Description

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 50 aircraft comprising over 20 Airbus A319 aircraft, five Airbus A321 aircraft and approximately 20 Boeing 767-300 aircraft. Through the 28-member airline network, it offers flights to approximately 1,300 destinations in over 190 countries. Air Canada Altitude recognizes and rewards Aeroplan loyalty program members with a range of travel privileges and benefits corresponding to their travel activity, such as priority check-in, complimentary checked baggage and upgrades to business class.


Classification

Sector: Industrials
Industry: Airlines
Keywords: Light Aviation Travel Airline Airlines Loyalty Program Regional Jet Aeroplan Air Canada Airbus Boeing 767 Star Alliance United Airlines

Is AC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.04
52 Week Low 16.04
Average Volume 2,465,221
200-Day Moving Average 19.298
50-Day Moving Average 18.995
20-Day Moving Average 19.342
10-Day Moving Average 19.423
Average True Range 0.484
RSI (14) 37.89
ADX 23.67
+DI 20.013
-DI 36.015
Chandelier Exit (Long, 3 ATRs) 19.018
Chandelier Exit (Short, 3 ATRs) 19.607
Upper Bollinger Bands 20.744
Lower Bollinger Band 17.940
Percent B (%b) 0.19
BandWidth 14.500
MACD Line -0.076
MACD Signal Line 0.116
MACD Histogram -0.1919
Fundamentals Value
Market Cap 5.48 Billion
Num Shares 296 Million
EPS 0.29
Price-to-Earnings (P/E) Ratio 63.07
Price-to-Sales 0.72
Price-to-Book 4.30
PEG Ratio 0.34
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.743
Resistance 3 (R3) 18.728 18.627 18.699
Resistance 2 (R2) 18.627 18.560 18.634 18.684
Resistance 1 (R1) 18.553 18.519 18.503 18.568 18.670
Pivot Point 18.452 18.452 18.426 18.459 18.452
Support 1 (S1) 18.378 18.385 18.328 18.393 18.290
Support 2 (S2) 18.277 18.344 18.284 18.276
Support 3 (S3) 18.203 18.277 18.261
Support 4 (S4) 18.218