The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Delta Airlines (DAL). During the week, the DAL dropped -1.81 points, or -3.78%, and closed at 46.06 on Friday, April 5, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was 7% above average.

DAL is a member of Industrials Sector. Industrials is the 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 DAL long-term trend chart]
A long-term downtrend had started on July 24, 2019 at 63.44 and reached 17.51 on May 14, 2020. DAL lost 45.93 points, or 72.40%, in 42 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (33.29) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See DAL medium-term trend chart]
A medium-term downtrend had started on July 13, 2023 at 49.81 and reached 30.60 on October 27, 2023. DAL lost 19.21 points, or 38.57%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (42.40) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See DAL 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 December 8, 2023. Use the following link to access a MACD help.

Short-term trend: [See DAL short-term trend chart]
A short-term uptrend had started on January 16, 2024 at 36.34 and reached 49.20 on April 1, 2024. DAL gained -12.86 points, or -35.39%, in 76 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.74
Williams' Percentage Range (W%R) 42.30
Lane's Stochastic (%D-Slow) 49.21
Greed/Fear Indicator (GFI) 57.89
Moving Average Converg./Diverg. (MACD) 1.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.40
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 88.43
Overbought
Greed/Fear Indicator (GFI) 74.48
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Parabolic System 49.10
Upper Bollinger Band 48.78
Weekly Stochastic Crossing 48.06
Daily Stochastic Crossing 46.97
Price 46.06
20 Day Moving Average 45.10
50 Day Moving Average 42.54
Monthly Trendline Support 42.40
Lower Bollinger Band 41.59
Monthly Trendline Resistance 37.70
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 43
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 36.34
Low Date 01/16/2024
High 49.20
High Date 04/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.60
Low Date 10/27/2023
High 49.20
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 37.70
Support 42.40
High 49.81
High Date 07/13/2023
Low 30.60
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.20
Low Date 10/03/2022
High 49.81
High Date 07/13/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 31.47
Support 33.29
High 63.44
High Date 07/24/2019
Low 17.51
Low Date 05/14/2020
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.