AL Price Prediction Next Week
Technical Analysis
Based on recent price action and technical indicators for Air Lease Corporation (AL):
The stock is showing a bullish trend with strong momentum after breaking through key resistance at $50.61. Recent news indicates several positive catalysts:
- Norwegian Air Shuttle's purchase of 10 Boeing aircraft and lease agreement with AL
- Better-than-expected Q4 2024 earnings with EPS of $1.34 vs $0.74 estimate
- Record full-year 2024 revenues of $2.73 billion
- Strong leasing pipeline with 100% placement through 2026
Price Target Analysis
Support Levels:
- Strong support at $49.38 (recent breakout level)
- Secondary support at $47.50
Resistance Levels:
- Near-term resistance at $57.86 (analyst target price)
- Major resistance at $60.00 (psychological level)
Trading Recommendation
Based on technical analysis and positive fundamentals:
- BUY recommendation with an entry around $50.50-51.00
- Initial price target: $57.86 (14.32% upside potential)
- Stop loss: $48.50 (below support)
- Time frame: 1-2 weeks
The stock shows strong momentum after earnings beat and positive news about Norwegian Air deal. The breakout above $50 resistance with increased volume suggests further upside potential. However, traders should use proper position sizing and stop losses given broader market volatility.
AL Similar Chart Price Prediction
The price of AL is predicted to go up -20.59%, based on the high correlation periods with RNXT. The similarity of these two price pattern on the periods is 94.99%.
AL
RNXT
Down: -20.59%Similarity: 94.99%
