American Airlines and United Airlines Seek Technical Support After a Mixed Earnings Season
By Ion Jauregui – Market Analyst
U.S. airlines are entering a new phase following an earnings season marked by very different messages. While Delta Air Lines surprised the market by reaffirming its full-year guidance, American Airlines and United Airlines adopted a more cautious tone, reflecting the uncertainty that still weighs on parts of the sector.
The divergence in expectations is leading investors to increasingly differentiate between companies, rewarding those capable of maintaining high margins and passing higher operating costs on to consumers.
American Airlines Maintains a Bullish Structure Despite the Correction
From a technical perspective, American Airlines continues to maintain a constructive trend that began in April, characterized by a succession of higher highs and higher lows.
After reaching a recent high of $19.10, the stock has corrected to trade around $16.95, with the overnight price close to $16.70. The former resistance at $16.50 is now acting as the first significant support level, while the next support levels are located at $15.37, coinciding with the origin of the latest bullish impulse, followed by $14.00 and $13.18, the starting point of the previous upward move. In the event of a deeper correction, the main long-term support levels are located at $10.09, with key lows at $9.48.
From a longer-term perspective, the company moved from the highs recorded in January 2025 into a corrective phase that drove the share price down to the $8.50 area. It subsequently began a recovery during January 2026, followed by another correction to $10.09, from where the current bullish structure started to develop.
Technical indicators continue to support this scenario, although they are showing a loss of short-term momentum. The RSI has moderated to 58.39 after leaving the overbought zone, while the MACD continues to correct, although both the MACD line and the signal line remain above the equilibrium level. The moving average crossover maintains an expansion configuration following the consolidation phase of the latest bullish impulse, and the price continues to trade well above its major moving averages.
Meanwhile, the Point of Control (POC) is located at $11.43, well below the current share price, indicating that the bulk of traded volume remains concentrated at lower levels and reinforcing the strength of the bullish move developed over recent months.
United Airlines Maintains a Positive Bias
United Airlines also presents a favourable technical structure. Since mid-May, the stock has developed a sustained uptrend, posting higher highs and higher lows until reaching a recent high of $138.77.
The stock is currently consolidating around $122.88, an area that coincides with the latest bullish impulse, while the premarket price stands at approximately $124.17. The most significant support levels are located at $118.70, followed by $110.66 and $102.40. Further below, the main structural lows remain at $88.55 and $84.64.
Technical indicators show a pattern similar to that observed in American Airlines. The RSI has corrected from overbought territory to 55.27, moving closer to neutral levels, while the MACD also reflects slowing momentum, although both the MACD line and the signal line remain in positive territory. The moving average crossover continues to display an expansion configuration, and the price remains well above its key moving averages.
The POC is located at $92.23, significantly below the current share price, indicating that the bulk of traded volume during the accumulation phase is concentrated at lower levels and continues to support the underlying bullish structure.
Outlook
The combination of still-favourable technical indicators and a more challenging operating environment leaves the airline sector at an inflection point. As long as the bullish structures remain intact, the market's focus is likely to shift from fuel price movements toward each airline's ability to preserve margins and sustain revenue growth. In this context, the performance of American Airlines and United Airlines will continue to depend on both the strength of travel demand and the companies' upcoming revisions to their financial guidance.
- EN –
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.
By Ion Jauregui – Market Analyst
U.S. airlines are entering a new phase following an earnings season marked by very different messages. While Delta Air Lines surprised the market by reaffirming its full-year guidance, American Airlines and United Airlines adopted a more cautious tone, reflecting the uncertainty that still weighs on parts of the sector.
The divergence in expectations is leading investors to increasingly differentiate between companies, rewarding those capable of maintaining high margins and passing higher operating costs on to consumers.
American Airlines Maintains a Bullish Structure Despite the Correction
From a technical perspective, American Airlines continues to maintain a constructive trend that began in April, characterized by a succession of higher highs and higher lows.
After reaching a recent high of $19.10, the stock has corrected to trade around $16.95, with the overnight price close to $16.70. The former resistance at $16.50 is now acting as the first significant support level, while the next support levels are located at $15.37, coinciding with the origin of the latest bullish impulse, followed by $14.00 and $13.18, the starting point of the previous upward move. In the event of a deeper correction, the main long-term support levels are located at $10.09, with key lows at $9.48.
From a longer-term perspective, the company moved from the highs recorded in January 2025 into a corrective phase that drove the share price down to the $8.50 area. It subsequently began a recovery during January 2026, followed by another correction to $10.09, from where the current bullish structure started to develop.
Technical indicators continue to support this scenario, although they are showing a loss of short-term momentum. The RSI has moderated to 58.39 after leaving the overbought zone, while the MACD continues to correct, although both the MACD line and the signal line remain above the equilibrium level. The moving average crossover maintains an expansion configuration following the consolidation phase of the latest bullish impulse, and the price continues to trade well above its major moving averages.
Meanwhile, the Point of Control (POC) is located at $11.43, well below the current share price, indicating that the bulk of traded volume remains concentrated at lower levels and reinforcing the strength of the bullish move developed over recent months.
United Airlines Maintains a Positive Bias
United Airlines also presents a favourable technical structure. Since mid-May, the stock has developed a sustained uptrend, posting higher highs and higher lows until reaching a recent high of $138.77.
The stock is currently consolidating around $122.88, an area that coincides with the latest bullish impulse, while the premarket price stands at approximately $124.17. The most significant support levels are located at $118.70, followed by $110.66 and $102.40. Further below, the main structural lows remain at $88.55 and $84.64.
Technical indicators show a pattern similar to that observed in American Airlines. The RSI has corrected from overbought territory to 55.27, moving closer to neutral levels, while the MACD also reflects slowing momentum, although both the MACD line and the signal line remain in positive territory. The moving average crossover continues to display an expansion configuration, and the price remains well above its key moving averages.
The POC is located at $92.23, significantly below the current share price, indicating that the bulk of traded volume during the accumulation phase is concentrated at lower levels and continues to support the underlying bullish structure.
Outlook
The combination of still-favourable technical indicators and a more challenging operating environment leaves the airline sector at an inflection point. As long as the bullish structures remain intact, the market's focus is likely to shift from fuel price movements toward each airline's ability to preserve margins and sustain revenue growth. In this context, the performance of American Airlines and United Airlines will continue to depend on both the strength of travel demand and the companies' upcoming revisions to their financial guidance.
- EN –
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.