The Greedy Trader Weekly Analysis
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- 4/17/2026 -
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Southwest Airlines (LUV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Southwest Airlines (LUV). During the week, the LUV gained 3.14 points, or 7.94%, and closed at 42.70 on Friday, April 17, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -26% 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 (31.39) 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 2, 2026 at 35.73 and reached 44.92 on April 17, 2026. LUV gained -9.19 points, or -25.72%, in 15 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See LUV 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.93
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 65.16
Greed/Fear Indicator (GFI) 72.63
Moving Average Converg./Diverg. (MACD) -1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.75
Williams' Percentage Range (W%R) 49.40
Lane's Stochastic (%D-Slow) 15.04
Oversold
Greed/Fear Indicator (GFI) 38.49
Moving Average Converg./Diverg. (MACD) 2.67
Trading Signals
Description Value Chart
50 Day Moving Average 44.34
Upper Bollinger Band 43.69
Daily Stochastic Crossing 42.86
Price 42.70
20 Day Moving Average 39.42
Weekly Stochastic Crossing 38.34
Yearly Trendline Resistance 37.73
Parabolic System 37.59
Lower Bollinger Band 37.35
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Airlines 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.20
Low Date 04/13/2026
High 44.92
High Date 04/17/2026
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 DownTrend
Status
Resistance
Support
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 37.73
Support 31.39
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.