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Alaska Air Group Inc
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|It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -2.78 points, or -4.04%, and closed at 66.08 on Friday, October 05, 2018. It was the worst weekly loss since May 4, 2018. Weekly volume was -18% below average. |
ALK is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See ALK long-term trend chart]
A long-term downtrend had started on March 1, 2017 at 101.43 and reached 57.53 on May 21, 2018. ALK lost 43.90 points, or 43.28%, in 63 weeks. The price is now at the 19.48% retracement level.
Medium-term trend: [See ALK medium-term trend chart]
A medium-term uptrend had started on May 21, 2018 at 57.53 and reached 70.75 on September 21, 2018. ALK gained -13.22 points, or -22.98%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 62.25 and resistance is at 72.22. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See ALK short-term trend chart]
A short-term downtrend had started on September 27, 2018 at 70.00 and reached 65.82 on October 2, 2018. ALK lost 4.18 points, or 5.97%, in 5 days. The price is now at the 6.22% retracement level.
Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since September 21, 2018. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.