ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
NYSE:ALK - New York Stock Exchange, Inc. - US0116591092 - Common Stock - Currency: USD
Taking everything into account, ALK scores 6 out of 10 in our technical rating. 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.
In the last month ALK has a been trading in the 45.48 - 55.17 range, which is quite wide. It is currently trading near the high of this range.
ALK has an average volume of 2936120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that ALK is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ALK is part of the Passenger Airlines industry. There are 22 other stocks in this industry, ALK did better than 66% of them.
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.
ALK has an average technical rating and the quality of the presented setup is also not ideal 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
34.49
55.44
When analyzing the support we can see 6 important areas.
- Support @52.30 from a horizontal line in the daily time frame.
- A support zone ranging from 50.40 to 50.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.88 to 49.47. 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 @44.05 from a trend line in the weekly time frame.
- Support @34.84 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @53.66 from a horizontal line in the weekly time frame.
- Resistance @54.89 from a horizontal line 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 | 82.67 | POSITIVE | ALK has a high relative strength, it outperformed 82.67% 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) | 58.26 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests ALK has a positive trend. |
| Stochastics (14,3) | 75.14 | NEUTRAL | The Stochastics value for ALK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for ALK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
52.54
-1.64 (-3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-3.03%
1 Week2.92%
2 Weeks7.2%
1 Month6.9%
3 Month14.82%
6 Month-22.94%
12 Month36.79%
2 Year8.04%
3 Year18.52%
5 Year52.56%
10 Year-30.64%
15 Year307.37%
Volatility
ATR(14)2
ATR(20)%3.67%
ATR Inc116.08%
Range Today1.26
ADR(20)1.67
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.67
Mansfield-0.54
10 Day High55.17
10 Day Low48.33
20 Day High55.17
20 Day Low45.48
52 Week High78.08
52 Week Low32.62
CS1 End52.3
CR1 Start53.66
Volume & EV
DER(3)-0.79%
DER(5)0.01%
Volume2.22M
Volume Incr16.85%
Vol(5)3.18M
Vol(50)2.94M