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 2 out of 10 in our technical rating. ALK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month ALK has a been trading in the 46.41 - 53.12 range, which is quite wide. It is currently trading near the lows of this range.
ALK has an average volume of 3370660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ALK turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
ALK is an average performer in the Passenger Airlines industry, it outperforms 66% of 22 stocks in the same industry.
ALK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALK is lagging the market slightly.
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
34.49
54.20
When analyzing the support we can see 5 important areas.
- Support @43.46 from a trend line in the weekly time frame.
- A support zone ranging from 41.90 to 42.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.00 from a horizontal line in the daily time frame.
- Support @38.30 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 3 important areas.
- A resistance zone ranging from 48.74 to 50.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.30 to 52.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @53.66 from a horizontal 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 | 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 | 48.72 | NEUTRAL | ALK is not amongst the best or worst performers 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) | UP | MIXED | The current price of ALK is below 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) | 39.41 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests ALK has a negative trend. |
| Stochastics (14,3) | 13.52 | OVERSOLD | The low Stochastics value suggests ALK may be oversold. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.92 | 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)
46.87
+0.17 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.36%
1 Week-4.64%
2 Weeks-8.3%
1 Month-10.52%
3 Month-11.28%
6 Month-29.01%
12 Month13.82%
2 Year-11.87%
3 Year17.03%
5 Year29.26%
10 Year-27.25%
15 Year317.09%
Volatility
ATR(14)1.67
ATR(20)%3.69%
ATR Inc9.17%
Range Today1.18
ADR(20)1.54
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.72
Mansfield-1.12
10 Day High53
10 Day Low46.41
20 Day High53.12
20 Day Low46.41
52 Week High78.08
52 Week Low32.62
CS1 End43.46
CR1 Start48.74
Volume & EV
DER(3)1.96%
DER(5)2.79%
Volume1.76M
Volume Incr0.89%
Vol(5)2.81M
Vol(50)3.37M