ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALK - US0116591092 - Common Stock
Taking everything into account, ALK scores 6 out of 10 in our technical rating. ALK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ALK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 50.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.64
We found 2 important support areas.
- A support zone ranging from 50.12 to 50.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.04 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 51.25 to 52.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.49 from a horizontal line in the daily time frame.
- Resistance @56.49 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 | 21.14 | NEGATIVE | ALK has a low relative strength, it was outperformed by 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALK is below 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) | DOWN | MIXED | The current price of ALK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.18 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ALK has a negative trend. |
| Stochastics (14,3) | 41.59 | NEUTRAL | The Stochastics value for ALK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.72 | POSITIVE | The high ADX value value for ALK suggests a strong 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 |
|---|---|---|---|
| 52.17 | 50.11 | 2.06 (3.95%) | 25.00% |
| An entry @52.17. This is a Buy Stop order right above the resistance zone. | An exit @50.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.06 points, which is 3.95%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
50.73
-1.24 (-2.39%)
ALASKA AIR GROUP INC / ALK FAQ
What is the ChartMill technical rating of ALASKA AIR GROUP INC (ALK) stock?
ChartMill assigns a technical rating of 6 / 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 Bullish.
What is the RSI signal for ALASKA AIR GROUP INC (ALK) stock?
ALASKA AIR GROUP INC (ALK) has an RSI value of 55.1833. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALASKA AIR GROUP INC (ALK) stock?
The buy/sell signal for ALASKA AIR GROUP INC (ALK) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ALASKA AIR GROUP INC?
ALASKA AIR GROUP INC (ALK) has a support level at 50.72 and a resistance level at 51.25. Check the full technical report for our detailed analysis of ALK support and resistance levels.