Delta Airlines (DAL)
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|It was a second positive week after 3 consecutive negative weeks for the Delta Airlines (DAL). During the week, the DAL climbed 0.30 points, or 0.84%, and closed at 35.89 on Friday, May 26, 2023. Weekly volume was -23% below average. |
DAL 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 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 trend support level is at 29.83 and resistance is at 37.28. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See DAL medium-term trend chart]
A medium-term downtrend had started on February 2, 2023 at 40.34 and reached 31.04 on March 24, 2023. DAL lost 9.30 points, or 23.05%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (33.62) 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 DAL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 17, 2023. 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 DAL short-term trend chart]
A short-term uptrend had started on March 24, 2023 at 31.04 and reached 36.64 on May 23, 2023. DAL gained -5.60 points, or -18.04%, in 60 days. The price is now at the 13.39% retracement level.
Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 15, 2023. 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.