ALASKA AIR GROUP INC (ALK) Stock Technical Analysis
NYSE:ALK - New York Stock Exchange, Inc. - US0116591092 - Common Stock - Currency: USD
Overall ALK gets a technical rating of 3 out of 10. ALK has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month ALK has a been trading in the 44.21 - 55.59 range, which is quite wide. It is currently trading near the high of this range.
ALK has an average volume of 3937150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 41% of all stocks.
ALK is an average performer in the Passenger Airlines industry, it outperforms 63% of 23 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.
Although the technical rating is bad, ALK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 51.94, 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
34.49
55.44
We found 5 important support areas.
- A support zone ranging from 50.70 to 51.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.76 from a horizontal line in the daily time frame.
- A support zone ranging from 42.46 to 42.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.06 from a trend line in the weekly time frame.
- Support @34.84 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @53.66 from a horizontal line in the weekly time frame.
- Resistance @54.89 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for ALK is up. |
| ChartMill Relative Strength | 41.11 | NEUTRAL | ALK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ALK is above a declining 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) | 54.27 | NEUTRAL | The RSI value for ALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALK has a negative trend. |
| Stochastics (14,3) | 49.03 | NEUTRAL | The Stochastics value for ALK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.01 | 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)
52.03
+0.41 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.79%
1 Week4.54%
2 Weeks-3.93%
1 Month17.53%
3 Month-28.02%
6 Month-1.08%
12 Month23.82%
2 Year15.8%
3 Year7.81%
5 Year52.18%
10 Year-19.51%
15 Year345.65%
Volatility
ATR(14)1.9
ATR(20)%4.08%
ATR Inc-27.25%
Range Today1.57
ADR(20)1.94
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.11
Mansfield0.02
10 Day High54.55
10 Day Low48.63
20 Day High55.59
20 Day Low44.21
52 Week High78.08
52 Week Low32.62
CS1 End51.94
CR1 Start53.66
Volume & EV
DER(3)2.66%
DER(5)2.28%
Volume4.27M
Volume Incr-16.91%
Vol(5)3.17M
Vol(50)3.94M