Uncovering Noteworthy Technical Analysis Findings for DELTA AIR LINES INC (NYSE:DAL).

Our stockscreener has identified a possible breakout setup on DELTA AIR LINES INC (NYSE:DAL). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:DAL for potential opportunities.

Insights from Technical Analysis

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, DAL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DAL has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that DAL is one of the better performing stocks in the market, outperforming 89% of all stocks.
• DAL is part of the Passenger Airlines industry. There are 24 other stocks in this industry. DAL outperforms 91% of them.
• DAL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DAL is performing more or less in line with the market.
• In the last month DAL has a been trading in the 42.62 - 49.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of DAL contains the most current technical analsysis.

How does the Setup look for NYSE:DAL

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:DAL scores a 8 out of 10:

Besides having an excellent technical rating, DAL also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 48.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How to trade NYSE:DAL?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.