The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/17/2024 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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It was a sixth consecutive positive week for the Delta Airlines (DAL). During the week, the DAL climbed 0.10 points, or 0.19%, and closed at 52.70 on Friday, May 17, 2024. Weekly volume was -46% below average.

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 (33.78) 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 October 27, 2023 at 30.60 and reached 53.86 on May 13, 2024. DAL gained -23.26 points, or -76.01%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (48.93) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 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 DAL short-term trend chart]
A short-term uptrend had started on April 10, 2024 at 45.72 and reached 53.86 on May 13, 2024. DAL gained -8.14 points, or -17.80%, in 33 days. The price is now at the 14.25% retracement level.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (52.39) comes close to the price (52.70). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.66
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 63.24
Greed/Fear Indicator (GFI) 70.62
Moving Average Converg./Diverg. (MACD) 1.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.74
Overbought
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 91.60
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.34
Overbought
Moving Average Converg./Diverg. (MACD) 2.21
Trading Signals
Description Value Chart
Upper Bollinger Band 54.36
Weekly Stochastic Crossing 53.35
Daily Stochastic Crossing 53.08
Price 52.70
Parabolic System 52.39
Monthly Trendline Resistance 52.28
20 Day Moving Average 51.32
Monthly Trendline Support 48.93
Lower Bollinger Band 48.03
50 Day Moving Average 48.00
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.72
Low Date 04/10/2024
High 53.86
High Date 05/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.34
Low Date 01/16/2024
High 53.86
High Date 05/13/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 52.28
Support 48.93
Low 30.60
Low Date 10/27/2023
High 53.86
High Date 05/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.20
Low Date 10/03/2022
High 53.86
High Date 05/13/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 30.66
Support 33.78
High 63.44
High Date 07/24/2019
Low 17.51
Low Date 05/14/2020
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.