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Archive
- 11/8/2024 -
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Southwest Airlines (LUV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Southwest Airlines (LUV). During the week, the LUV gained 1.17 points, or 3.82%, and closed at 31.78 on Friday, November 8, 2024. Weekly volume was -34% below average.
LUV 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 LUV long-term trend chart]
A long-term downtrend had started on February 22, 2024 at 35.18 and reached 23.58 on August 5, 2024. LUV lost 11.60 points, or 32.97%, in 23 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (22.07) 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. LUV 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 LUV medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 23.58 and reached 32.20 on October 4, 2024. LUV gained -8.62 points, or -36.56%, in 8 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 23, 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 LUV short-term trend chart]
A short-term uptrend had started on October 24, 2024 at 28.58 and reached 31.90 on November 6, 2024. LUV gained -3.32 points, or -11.62%, in 13 days. Price is near the trend high.
 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Airlines |
120 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
28.58 |
| Low Date |
10/24/2024 |
| High |
31.90 |
| High Date |
11/06/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
23.58 |
| Low Date |
08/05/2024 |
| High |
32.20 |
| High Date |
10/04/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
23.52 |
| Support |
22.07 |
| High |
35.18 |
| High Date |
02/22/2024 |
| Low |
23.58 |
| Low Date |
08/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
64.75 |
| High Date |
04/14/2021 |
| Low |
21.91 |
| Low Date |
11/01/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
66.99 |
| High Date |
12/21/2017 |
| Low |
21.91 |
| Low Date |
11/01/2023 |
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