The Greedy Trader Weekly Analysis
Sign In Oct 12, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 10/5/2018
Sign In to see current Signals.
Alaska Air Group Inc
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.28
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 18.57
Oversold
Greed/Fear Indicator (GFI) 23.49
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.97
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 82.62
Overbought
Greed/Fear Indicator (GFI) 68.65
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 72.22
Upper Bollinger Band 69.92
Weekly Stochastic Crossing 68.95
Parabolic System 68.72
20 Day Moving Average 68.11
Daily Stochastic Crossing 66.41
50 Day Moving Average 66.10
Price 66.08
Lower Bollinger Band 64.90
Quarterly Trendline Support 62.25
Sector and Industry
Description Name Rank
Sector Services 8
Industry Regional Airlines 139
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 70.00
High Date 09/27/2018
Low 65.82
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.00
High Date 09/27/2018
Low 65.82
Low Date 10/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.75
High Date 09/21/2018
Low 65.82
Low Date 10/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 72.22
Support 62.25
Low 57.53
Low Date 05/21/2018
High 70.75
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.43
High Date 03/01/2017
Low 57.53
Low Date 05/21/2018
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.

Copyright© 2004-2016 All rights reserved.