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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
Alaska Air Group Inc (ALK) Technical Analysis
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| Summary:
| | Weekly :![Broken trend support line](images\bearish.gif) ![Oversold industry](images\bullish.gif) ![Williams' Percentage Range is oversold](images\bullish.gif) | | Daily :![Daily MACD line has moved above its signal line](images\bullish.gif) ![The price has risen above the Parabolic SAR](images\bullish.gif) ![Bullish Piercing Line Candlestick](images\bullish.gif) 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 -0.49 points, or -1.28%, and closed at 37.93 on Friday, July 19, 2024. Weekly volume was 21% above average. ALK is a member of Airlines Industry. Airlines is the tenth most oversold industry. 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 7, 2021 at 74.25 and reached 30.75 on November 1, 2023. ALK lost 43.50 points, or 58.59%, in 134 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 23.26 and resistance is at 49.51. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
Medium-term trend: [See ALK medium-term trend chart] A medium-term uptrend had started on November 1, 2023 at 30.75 and reached 46.15 on April 22, 2024. ALK gained -15.40 points, or -50.08%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (40.44) 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 medium-term trend.
Weekly Technical Indicators: [See ALK weekly technical indicators chart] Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help. The weekly MACD line is below its signal line since June 14, 2024. 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 April 22, 2024 at 46.15 and reached 35.31 on July 11, 2024. ALK lost 10.84 points, or 23.49%, in 80 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 34.74 and resistance is at 38.51. 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 short-term trend.
Daily Technical Indicators: [See ALK daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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.
Candlestick pattern: [See ALK candlestick chart pattern] On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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