|
|
Archive
- 11/15/2024 -
Sign In to see current Signals. |
Delta Airlines (DAL) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Delta Airlines (DAL). During the week, the DAL gained 2.99 points, or 4.90%, and closed at 64.04 on Friday, November 15, 2024. Weekly volume was -19% below 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 (35.81) 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. DAL 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 DAL medium-term trend chart]
A medium-term uptrend had started on August 7, 2024 at 37.29 and reached 66.25 on November 14, 2024. DAL gained -28.96 points, or -77.66%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 56.79 and resistance is at 66.17. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 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 20, 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 DAL short-term trend chart]
A short-term uptrend had started on October 3, 2024 at 46.90 and reached 66.25 on November 14, 2024. DAL gained -19.35 points, or -41.26%, in 42 days. The price is now at the 11.42% retracement level.
 Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since October 28, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (63.65) comes close to the price (64.04). It indicates that the trend is getting weaker. 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.
| |
|
|