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S&P 500 Overbought StocksArchive
- 12/20/2024 -
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Delta Airlines (DAL) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Delta Airlines (DAL). During the week, the DAL gave back -0.59 points, or -0.96%, and closed at 60.93 on Friday, December 20, 2024. DAL was trading at average weekly trading volume.
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 May 14, 2020 at 17.51 and reached 67.50 on December 5, 2024. DAL gained -49.99 points, or -285.49%, in 238 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (35.28) 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 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 67.50 on December 5, 2024. DAL gained -30.21 points, or -81.01%, in 17 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic 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. Use the following link to access a MACD help.
 Short-term trend: [See DAL short-term trend chart]
A short-term downtrend had started on December 5, 2024 at 67.50 and reached 58.31 on December 18, 2024. DAL lost 9.19 points, or 13.61%, in 13 days. The price is now at the 28.51% retracement level.
 Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 19, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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