|
|
Downtrend Broken Resist.Archive
- 11/8/2024 -
Sign In to see current Signals. |
Alaska Air Group Inc (ALK) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Alaska Air Group Inc (ALK). During the week, the ALK gained 1.77 points, or 3.60%, and closed at 51.00 on Friday, November 8, 2024. Weekly volume was -18% below average.
ALK 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 ALK long-term trend chart]
A long-term downtrend had started on April 22, 2024 at 46.15 and reached 32.62 on August 6, 2024. ALK lost 13.53 points, or 29.32%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (23.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALK may retest the broken resistance line. It is considered to be a support line now. 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 ALK medium-term trend chart]
A medium-term uptrend had started on August 6, 2024 at 32.62 and reached 52.15 on November 7, 2024. ALK gained -19.53 points, or -59.87%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 48.32 and resistance is at 51.88. 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 ALK weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 October 4, 2024 at 41.72 and reached 52.15 on November 7, 2024. ALK gained -10.43 points, or -25%, in 34 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since October 29, 2024. This is an indication that the short-term trend is up.
| |
|
|