Air Canada Dips Before Soaring

Air Canda's 52 week low is $9.26 in March, when covid-19 hit, and its high is $48.06, right before March. The stock has failed to recover, which makes sense as covid-19 restrictions have not been lifted. I believe this stock will remain bearish for the next 4-5 months, and then become bullish as restrictions open up. In Decemeber, we saw its price rise up to $27.50 as news came out for a new vaccine. The stock will continue to have small bullish runs, but overall, I beleive it will stay in the low 20s or even dip under 20 in the coming months. Saying this, the long term potential of this stock (1-2 years) remains bullish, as Canada will look forward to increase immigration to meet its goals, and the stock will continue its bullish run from before the pandemic.  

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Air Canada Dips Before Soaring

Jan 23, 2021

bearish

fundamentals Analysis

[1 min Read]

Air Canda's 52 week low is $9.26 in March, when covid-19 hit, and its high is $48.06, right before March. The stock has failed to recover, which makes sense as covid-19 restrictions have not been lifted. I believe this stock will remain bearish for the next 4-5 months, and then become bullish as restrictions open up. In Decemeber, we saw its price rise up to $27.50 as news came out for a new vaccine. The stock will continue to have small bullish runs, but overall, I beleive it will stay in the low 20s or even dip under 20 in the coming months. Saying this, the long term potential of this stock (1-2 years) remains bullish, as Canada will look forward to increase immigration to meet its goals, and the stock will continue its bullish run from before the pandemic.

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AC.TO

Air Canada

17.06

-0.41
-2.35%

Return

22.77%
Change % Since Posting
5.03
Change Since Posting
22.09
Price When Posted

Metrics

19.88
Target Price
8/ 10
Confidence
1-2 Months
Timeframe
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Earnings Per Share
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Financials
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Management
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Price to Earnings Ratio
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Dividend
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