ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
NYSE:ALK - US0116591092 - Common Stock
63.18 USD
+1.34 (+2.17%)
63.18 USD
0 (0%)
Overall ALK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ALK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ALK did better than 91% of all other stocks.
ALK is part of the Passenger Airlines industry. There are 22 other stocks in this industry. ALK outperforms 76% of them.
In the last month ALK has a been trading in the 50.01 - 63.39 range, which is quite wide. It is currently trading near the high of this range.
ALK has an average volume of 2552610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although ALK has an excellent technical rating, it does not present a decent entry opportunity 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
44.96
63.81
When analyzing the support we can see 6 important areas.
- Support @57.28 from a trend line in the daily time frame.
- A support zone ranging from 54.77 to 54.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.30 to 53.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.83 from a horizontal line in the daily time frame.
- Support @49.73 from a horizontal line in the daily time frame.
- Support @45.41 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for ALK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALK is up. |
| ChartMill Relative Strength | 91.75 | POSITIVE | ALK has a high relative strength, it outperformed 91.75% 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 | POSITIVE | The current price of ALK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.45 | OVERBOUGHT | The high RSI value suggests ALK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests ALK has a positive trend. |
| Stochastics (14,3) | 97.3 | OVERBOUGHT | The high Stochastics value suggests ALK may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for ALK suggests a possible start of a new 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)
63.18
+1.34 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg2.17%
1 Week15.04%
2 Weeks11.1%
1 Month19.3%
3 Month24.05%
6 Month-12.59%
12 Month74.97%
2 Year50.54%
3 Year45.04%
5 Year62.21%
10 Year-15.6%
15 Year471.38%
Volatility
ATR(14)2.04
ATR(20)%3.1%
ATR Inc-18.6%
Range Today1.48
ADR(20)1.77
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.75
Mansfield0.59
10 Day High63.39
10 Day Low54.6
20 Day High63.39
20 Day Low50.01
52 Week High78.08
52 Week Low35.76
CS1 End57.28
CR1 StartN/A
Volume & EV
DER(3)1.38%
DER(5)0.77%
Volume2.87M
Volume Incr3.54%
Vol(5)2.39M
Vol(50)2.55M