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Advanced TA SearchArchive
- 4/5/2024 -
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Alaska Air Group Inc (ALK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -0.51 points, or -1.19%, and closed at 42.48 on Friday, April 5, 2024. Weekly volume was 16% above 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 July 13, 2023 at 57.18 and reached 30.75 on November 1, 2023. ALK lost 26.43 points, or 46.22%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (35.93) 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 ALK medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 30.75 and reached 44.29 on April 4, 2024. ALK gained -13.54 points, or -44.03%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (36.85) 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 medium-term trend.
 Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 1, 2023. 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 uptrend had started on January 17, 2024 at 33.24 and reached 44.29 on April 4, 2024. ALK gained -11.05 points, or -33.24%, in 78 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See ALK 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. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since March 12, 2024. This is an indication that the short-term trend is up.
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.
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