The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/18/2026 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 88.57
Daily :Daily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Delta Airlines (DAL). During the week, the DAL gained 1.12 points, or 1.35%, and closed at 84.18 on Thursday, June 18, 2026. Weekly volume was 23% above 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 uptrend had started on October 3, 2022 at 27.20 and reached 87.39 on June 15, 2026. DAL gained -60.19 points, or -221.29%, in 193 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (88.57). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See DAL medium-term trend chart]
A medium-term uptrend had started on March 9, 2026 at 55.28 and reached 87.39 on June 15, 2026. DAL gained -32.11 points, or -58.09%, in 14 weeks. The price is now at the 10.00% retracement level.

Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 8, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 April 29, 2026 at 65.82 and reached 87.39 on June 15, 2026. DAL gained -21.57 points, or -32.77%, in 47 days. The price is now at the 14.88% retracement level.

Daily Technical Indicators: [See DAL 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.44
Williams' Percentage Range (W%R) 22.10
Lane's Stochastic (%D-Slow) 69.95
Greed/Fear Indicator (GFI) 67.11
Moving Average Converg./Diverg. (MACD) 2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.69
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 82.13
Overbought
Greed/Fear Indicator (GFI) 77.40
Moving Average Converg./Diverg. (MACD) 2.88
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 88.57
Upper Bollinger Band 84.72
Price 84.18
Weekly Stochastic Crossing 84.12
Daily Stochastic Crossing 83.41
20 Day Moving Average 80.58
Parabolic System 79.69
Lower Bollinger Band 74.68
50 Day Moving Average 74.22
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.82
Low Date 04/29/2026
High 87.39
High Date 06/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.28
Low Date 03/09/2026
High 87.39
High Date 06/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.74
Low Date 04/04/2025
High 87.39
High Date 06/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 88.57
Support 38.41
Low 27.20
Low Date 10/03/2022
High 87.39
High Date 06/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.51
Low Date 05/14/2020
High 87.39
High Date 06/15/2026
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.