The Greedy Trader Weekly Analysis
Sign In Nov 26, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 11/19/2021 -
Sign In to see current Signals.

Southwest Airlines (LUV)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldTrend support at 46.27
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Southwest Airlines (LUV). During the week, the LUV dropped -1.59 points, or -3.28%, and closed at 46.83 on Friday, November 19, 2021. Weekly volume was -84% 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 uptrend had started on May 14, 2020 at 22.47 and reached 64.75 on April 14, 2021. LUV gained -42.28 points, or -188.16%, in 47 weeks. The price is now at the 42.38% retracement level.

Medium-term trend: [See LUV medium-term trend chart]
A medium-term downtrend had started on April 14, 2021 at 64.75 and reached 45.38 on November 19, 2021. LUV lost 19.37 points, or 29.92%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (46.27) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since May 14, 2021. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See LUV short-term trend chart]
A short-term downtrend had started on November 8, 2021 at 52.79 and reached 45.38 on November 19, 2021. LUV lost 7.41 points, or 14.04%, in 11 days. The price is now at the 19.57% retracement level.

Daily Technical Indicators: [See LUV 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. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.46
Bullish
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 13.16
Oversold Bullish
Greed/Fear Indicator (GFI) 21.47
Moving Average Converg./Diverg. (MACD) -0.49 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.64
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 21.47
Greed/Fear Indicator (GFI) 24.98
Moving Average Converg./Diverg. (MACD) -0.92 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 52.80
Upper Bollinger Band 51.94
50 Day Moving Average 50.16
Parabolic System 50.05
20 Day Moving Average 48.59
Weekly Stochastic Crossing 47.75
Price 46.83
Monthly Trendline Support 46.27
Daily Stochastic Crossing 45.92
Lower Bollinger Band 45.63
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.79
High Date 11/08/2021
Low 45.38
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.33
High Date 10/04/2021
Low 45.38
Low Date 11/19/2021
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 52.80
Support 46.27
High 64.75
High Date 04/14/2021
Low 45.38
Low Date 11/19/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.47
Low Date 05/14/2020
High 64.75
High Date 04/14/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.99
High Date 12/21/2017
Low 22.47
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.

Copyright© 2004-2018 All rights reserved.