ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
NYSE:ALK - New York Stock Exchange, Inc. - US0116591092 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ALK. Although ALK has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
ALK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 53.10, a Stop Loss order could be placed below this zone.
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44.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 51.05 to 53.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.69 to 46.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.34 to 54.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ALK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALK is neutral. |
| ChartMill Relative Strength | 85.25 | POSITIVE | ALK has a high relative strength, it outperformed 85.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.16 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ALK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.11 | NEUTRAL | The Stochastics value for ALK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.01 | NEGATIVE | The low ADX value for ALK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.20 | 51.04 | 2.16 (4.06%) | 24.63% |
| An entry @53.20. This is a Buy Stop order right above the resistance zone. | An exit @51.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.16 points, which is 4.06%. | When investing 24.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:ALK (8/6/2025, 12:21:59 PM)
53.7
+0.52 (+0.98%)