ALASKA AIR GROUP INC (ALK) Technical Analysis
NYSE:ALK • US0116591092
Current stock price
ALK Technical Rating and Analysis
Overall ALK gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALK was also a bad performer in the overall market in the last year.
- 78% of all other stocks performed better in the past year than ALK.
- ALK is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 71% are performing better than ALK.
- In the last month ALK has a been trading in the 33.03 - 47.30 range, which is quite wide. It is currently trading near the high of this range.
- ALK has an average volume of 4500980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ALK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALK is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALK Weekly and Daily overview Charts
ALK Setup Rating and Analysis
ALK has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ALK Support and Resistance Analysis
43.10
We can see 3 important resistance areas.
- A resistance zone ranging from 44.90 to 45.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.97 from a trend line in the weekly time frame.
- Resistance @58.51 from a trend line in the daily time frame.
ALK Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ALK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALK is up. |
| ChartMill Relative Strength | 22.67 | NEGATIVE | ALK has a low relative strength, it was outperformed by 77.33% 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) | DOWN | NEGATIVE | The current price of ALK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.11 | POSITIVE | The MACD value suggests ALK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.07 | NEUTRAL | The Stochastics value for ALK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for ALK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for ALK suggests a possible start of a new trend. |
ALK Chart- and CandleStick Pattern Analysis
ALK Technicals: Chart, Performance Metrics, Trend & Indicators
43.54
-1.86 (-4.1%)
ALASKA AIR GROUP INC / ALK TA FAQ
What is the ChartMill technical rating of ALASKA AIR GROUP INC (ALK) stock?
ChartMill assigns a technical rating of 2 / 10 to ALK.
Can you provide the trend direction for ALASKA AIR GROUP INC?
The current trend direction for ALASKA AIR GROUP INC (ALK) is Bearish.
Can you provide the RSI signal for ALASKA AIR GROUP INC?
ALASKA AIR GROUP INC (ALK) has an RSI value of 55.9983. This indicates that the stock is currently neutral.
What is the short term momentum for ALK stock?
The short term momentum for ALASKA AIR GROUP INC (ALK) is positive.
Can you provide the buy/sell signal for ALASKA AIR GROUP INC?
The buy/sell signal for ALASKA AIR GROUP INC (ALK) is hold as the short term and long term trends are mixed.