The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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Southwest Airlines (LUV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Southwest Airlines (LUV). During the week, the LUV dropped -1.41 points, or -3.28%, and closed at 41.54 on Friday, June 5, 2026. Weekly volume was -47% below average.

Long-term trend: [See LUV long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 21.91 and reached 55.11 on February 17, 2026. LUV gained -33.20 points, or -151.53%, in 119 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (31.94) 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 LUV medium-term trend chart]
A medium-term downtrend had started on February 17, 2026 at 55.11 and reached 35.73 on April 2, 2026. LUV lost 19.38 points, or 35.17%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (39.25) 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 medium-term trend.

Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See LUV short-term trend chart]
A short-term uptrend had started on April 23, 2026 at 36.85 and reached 44.44 on May 27, 2026. LUV gained -7.59 points, or -20.60%, in 34 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See LUV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since May 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.87
Williams' Percentage Range (W%R) 43.50
Lane's Stochastic (%D-Slow) 45.75
Greed/Fear Indicator (GFI) 55.36
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.55
Williams' Percentage Range (W%R) 71.30
Lane's Stochastic (%D-Slow) 50.93
Greed/Fear Indicator (GFI) 43.13
Moving Average Converg./Diverg. (MACD) 1.06
Trading Signals
Description Value Chart
Upper Bollinger Band 44.53
Parabolic System 44.48
Daily Stochastic Crossing 42.19
Price 41.54
Weekly Stochastic Crossing 41.31
20 Day Moving Average 40.81
50 Day Moving Average 39.90
Monthly Trendline Support 39.25
Yearly Trendline Resistance 37.89
Lower Bollinger Band 37.63
Monthly Trendline Resistance 36.67
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 75
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 36.85
Low Date 04/23/2026
High 44.44
High Date 05/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.73
Low Date 04/02/2026
High 44.92
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 36.67
Support 39.25
High 55.11
High Date 02/17/2026
Low 35.73
Low Date 04/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.98
Low Date 08/11/2025
High 55.11
High Date 02/17/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 37.89
Support 31.94
Low 21.91
Low Date 11/01/2023
High 55.11
High Date 02/17/2026
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.