The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 50.0% 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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- 6/7/2024 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Broken trend support lineThe price has risen above the Parabolic SAR
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It was the negative week for the Delta Airlines (DAL). During the week, the DAL dropped -0.58 points, or -1.14%, and closed at 50.44 on Friday, June 7, 2024. Weekly volume was -34% below average.

Long-term trend: [See DAL long-term trend chart]
A long-term uptrend had started on May 14, 2020 at 17.51 and reached 53.86 on May 13, 2024. DAL gained -36.35 points, or -207.60%, in 208 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (33.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on October 27, 2023 at 30.60 and reached 53.86 on May 13, 2024. DAL gained -23.26 points, or -76.01%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.22 and resistance is at 55.75. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 53.86 on May 13, 2024. DAL gained -17.52 points, or -48.21%, in 118 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (52.19) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 15, 2024.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 36.39
Williams' Percentage Range (W%R) 69.20
Lane's Stochastic (%D-Slow) 57.05
Greed/Fear Indicator (GFI) 41.42
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.21
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 79.04
Greed/Fear Indicator (GFI) 71.85
Moving Average Converg./Diverg. (MACD) 2.73
Trading Signals
Description Value Chart
Weekly Trendline Resistance 56.72
Monthly Trendline Resistance 55.75
Upper Bollinger Band 53.17
Weekly Trendline Support 52.19
Weekly Stochastic Crossing 51.77
20 Day Moving Average 51.53
Price 50.44
Daily Stochastic Crossing 50.25
50 Day Moving Average 49.86
Yearly Trendline Resistance 48.85
Parabolic System 48.69
Lower Bollinger Band 48.57
Monthly Trendline Support 47.22
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Airlines 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.86
High Date 05/13/2024
Low 48.28
Low Date 05/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 56.72
Support 52.19
Low 36.34
Low Date 01/16/2024
High 53.86
High Date 05/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 55.75
Support 47.22
Low 30.60
Low Date 10/27/2023
High 53.86
High Date 05/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.20
Low Date 10/03/2022
High 53.86
High Date 05/13/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 48.85
Support 33.21
Low 17.51
Low Date 05/14/2020
High 53.86
High Date 05/13/2024
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.