I zoomed all the way out using the monthly chart, which provides a long-term multiple-year perspective. We can see that the stock still has a long way to go to get back to the pre-pandemic levels. I would like to point out that the stock is overbought on the daily chart (which is not pictured here) according to the RSI. So, the stock could experience a pullback in the short term.
However, the long-term looks bright for AAL with air travel demand expected to increase through the remainder of the decade. I'm expecting the stock to eventually return to pre-pandemic level highs within a few years.
You can read an in depth article at the link provided.https://seekingalpha.com/article/4615122-american-airlines-stock-what-to-expect-for-the-long-term#comment-95607333
However, the long-term looks bright for AAL with air travel demand expected to increase through the remainder of the decade. I'm expecting the stock to eventually return to pre-pandemic level highs within a few years.
You can read an in depth article at the link provided.https://seekingalpha.com/article/4615122-american-airlines-stock-what-to-expect-for-the-long-term#comment-95607333