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 0 out of 10. ALK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ALK is a bad performer in the overall market: 88% of all stocks are doing better.
- ALK is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 61% are performing better than ALK.
- ALK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALK is lagging the market.
- In the last month ALK has a been trading in the 36.68 - 56.43 range, which is quite wide. It is currently trading near the lows of this range.
- ALK has an average volume of 4182550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
ALK Weekly and Daily overview Charts
ALK Setup Rating and Analysis
The technical rating of ALK is bad and it also does not present a quality setup 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
36.54
3 important resistance areas can be observed.
- A resistance zone ranging from 48.75 to 49.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @57.55 from a trend line in the weekly time frame.
- Resistance @59.22 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 | DOWN | NEGATIVE | The short term trend for ALK is down. |
| ChartMill Relative Strength | 12.16 | NEGATIVE | ALK has a low relative strength, it was outperformed by 87.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALK is below a declining 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) | 26.34 | OVERSOLD | The low RSI value suggests ALK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests ALK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.28 | OVERSOLD | The low Stochastics value suggests ALK may be oversold. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for ALK suggests high volalility. |
| Average Directional Index/ADX (14) | 35.82 | POSITIVE | The high ADX value value for ALK suggests a strong trend. |
ALK Chart- and CandleStick Pattern Analysis
ALK Technicals: Chart, Performance Metrics, Trend & Indicators
36.91
-1.02 (-2.69%)
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 0 / 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.
What is the RSI signal for ALASKA AIR GROUP INC (ALK) stock?
ALASKA AIR GROUP INC (ALK) has an RSI value of 26.3382. This indicates that the stock is currently oversold.
What is the buy/sell signal for ALASKA AIR GROUP INC (ALK) stock?
The buy/sell signal for ALASKA AIR GROUP INC (ALK) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ALASKA AIR GROUP INC?
ALASKA AIR GROUP INC (ALK) has a resistance level at 48.75. Check the full technical report for our detailed analysis of ALK support and resistance levels.