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Archive
- 6/8/2018
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Alaska Air Group Inc
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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Alaska Air Group Inc (ALK). During the week, the ALK gained 1.47 points, or 2.42%, and closed at 62.33 on Friday, June 08, 2018. Weekly volume was 44% above 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 chart has formed a Falling Channel chart pattern. The trend support level is at 52.03 and resistance is at 64.92. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on April 23, 2018 at 70.25 and reached 57.53 on May 21, 2018. ALK lost 12.72 points, or 18.11%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 13, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ALK short-term trend chart]
A short-term uptrend had started on May 21, 2018 at 57.53 and reached 62.67 on May 25, 2018. ALK gained -5.14 points, or -8.93%, in 4 days. The price is now at the 6.61% retracement level.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 24, 2018. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.89
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 82.91
Overbought
Greed/Fear Indicator (GFI) 81.38
Overbought
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.14
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 22.57
Greed/Fear Indicator (GFI) 33.27
Moving Average Converg./Diverg. (MACD) -3.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.92
Upper Bollinger Band 64.03
Price 62.33
Daily Stochastic Crossing 62.09
50 Day Moving Average 61.88
20 Day Moving Average 60.18
Weekly Stochastic Crossing 60.16
Parabolic System 59.81
Lower Bollinger Band 58.26
Quarterly Trendline Support 52.03
Sector and Industry
Description Name Rank
Sector Services 8
Industry Regional Airlines 11
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.31
Low Date 05/30/2018
High 62.67
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.53
Low Date 05/21/2018
High 62.67
High Date 05/25/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.25
High Date 04/23/2018
Low 57.53
Low Date 05/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 64.92
Support 52.03
High 101.43
High Date 03/01/2017
Low 57.53
Low Date 05/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.10
Low Date 07/15/2008
High 101.43
High Date 03/01/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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