- The AEO stock price is currently at $17.33 and has gained 2.73% in its last trading session.
- The price has initiated a strong bullish rally and has made a V-shaped recovery.
American Eagles Outfitters, Inc. (NYSE: AEO) is a multinational clothing and accessories retailer. It deals in the sales of clothes and accessories for men and women under the American Eagle Outfitters brand. It sells women’s personal care products under the Aerie brand.
American Eagles Outfitters, Inc. (AEO) Stock Price Analysis
AEO stock has risen by 2.73% in its last trading session and is currently trading at $17.33. It is a small-cap company with a market capitalization worth $3.422 Billion. It trades with an average 10-day trading volume of 4.66 Million.
1-Day Chart Analysis of AEO Stock
In the wider outlook of the AEO 1-day chart, the price seems to be forming a cup and handle pattern. In the last three trading sessions, after forming support at $15.80 the price increased by 9.67%. It is currently trading just below $17.55 which is a strong resistance zone.
However, the price has made a V-shaped recovery with a strong bullish rally after it fell from the $17.55 resistance zone. The uptrend looks promising which may continue in the future trading sessions.
The 50 and 200 EMA lines are below the price and are acting as support for the price. This shows that the buyers have a strong hold over the price and can push it further up.
The relative strength index (RSI) is at 68.75 and is sloping in the upward direction. This shows that the buyers’ influence is more than the sellers as the RSI line is in positive territory and is trending in the upward direction. However, it is going towards the overbought region from where a short-term pullback can be seen.
From the overview of the AEO chart, it seems that buyers are very active in the current scenario. The price is moving along an upward trajectory and is trading just below its $17.55 resistance. If it gives the breakout of the $17.55 resistance level and sustains above ot, then it may rise to its resistance at $19.45.
However, if the price faces rejection from the $17.55 resistance and gives the breakdown of the $14.35 support while falling, then it may fall to its next support at $11.40. As long as the price is sustaining above the $14.35 support level it will be considered to have bullish momentum.
Conclusion
The overall trend of the AEO stock price is bullish. The price is currently trading below the $17.55 resistance after a small pullback. The indicators are also bullish. If the price gives the breakout of $17.55 resistance then it may rise to its next resistance at $19.45.
However, for the price to gain bearish momentum, it must close below the $14.35 support. Then, a bearish reversal could be seen in the price and it may fall to its next support at $11.40.
Technical levels
Resistance Levels: $17.55 and $19.45.
Support Levels: $14.35 and $11.40.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading comes with a risk of financial loss.