ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
USA - NYSE:ALK - US0116591092 - Common Stock
57.4 USD
-1.09 (-1.86%)
57.8 USD
+0.4 (+0.7%)
We assign a technical rating of 7 out of 10 to ALK. In the last year, ALK was one of the better performers, but we do observe some doubts in the very recent evolution.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALK has an average volume of 2633360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that ALK is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALK is part of the Passenger Airlines industry. There are 21 other stocks in this industry, ALK did better than 60% 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.
In the last month ALK has a been trading in the 54.60 - 65.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
45.53
64.51
We found 5 important support areas.
- A support zone ranging from 56.70 to 57.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.65 to 55.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.80 from a trend line in the daily time frame.
- Support @49.73 from a horizontal line in the daily time frame.
- Support @45.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.38 to 63.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for ALK is down. |
| ChartMill Relative Strength | 85.31 | POSITIVE | ALK has a high relative strength, it outperformed 85.31% 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) | UP | POSITIVE | The current price of ALK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.26 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests ALK has a negative trend. |
| Stochastics (14,3) | 13.16 | OVERSOLD | The low Stochastics value suggests ALK may be oversold. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.69 | POSITIVE | The high ADX value value for ALK suggests a strong 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)
57.4
-1.09 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-1.86%
1 Week-10.12%
2 Weeks-8.61%
1 Month2.63%
3 Month22.18%
6 Month8.65%
12 Month43.43%
2 Year54.8%
3 Year46.62%
5 Year56.7%
10 Year-27.75%
15 Year349.93%
Volatility
ATR(14)2.29
ATR(20)%3.8%
ATR Inc-8%
Range Today1.68
ADR(20)2.13
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.31
Mansfield-0.7
10 Day High65.88
10 Day Low56.61
20 Day High65.88
20 Day Low54.6
52 Week High78.08
52 Week Low39.79
CS1 End57.39
CR1 Start63.38
Volume & EV
DER(3)-0.94%
DER(5)-1.67%
Volume3.15M
Volume Incr54.06%
Vol(5)3.57M
Vol(50)2.63M