United Airlines has been shattered by the coronavirus covid-19 storm since it all bean a few months ago at the beginning of March 2020.
Should I buy United Airlines stock? #AAL sold off very strongly, what we can an unsustainable move. There were supply and demand reasons for the stock to drop, the coronavirus and lack of flights did the rest.
Now we have the opposing scenario, we are expecting United Airlines to start rallying again. It’s a very cheap stock right now, trading around $11 per share, a bargain and a lot of profit margin, a good stock to watch and buy long term.
You can see what I am talking about in United Airlines stock monthly timeframe analysis below. Expecting price to rally much higher and great buy opportunity.
The European Commission issued a recommendation to its member states that the temporary restriction on nonessential travel to the EU. Which was due to expire on May 15, should be extended until June 15.
It’s not hard to see what this means for the United Airlines and other airlines around the world. It means fewer flights to and from Europe for United Airlines in this case; less demand for new airplanes, and for maintenance services on existing airplanes for Boeing; and fewer parts needed from Spirit AeroSystems company. All in all, buy opportunities at a bargain.
Many investors think that the coronavirus is still the driving force behind the movement in the stocks today. Really, it’s supply and demand and fear, not a virus.
You can view more analysis in our technical analysis of stocks page.
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.