DELTA AIR LINES INC (DAL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DAL • US2473617023
We assign a technical rating of 9 out of 10 to DAL. Both in the recent history as in the last year, DAL 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!
- A new 52 week high is currently being made by DAL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month DAL has a been trading in the 64.47 - 75.72 range, which is quite wide. It is currently trading near the high of this range.
- DAL has an average volume of 7917560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DAL is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DAL is part of the Passenger Airlines industry. There are 22 other stocks in this industry, DAL did better than 61% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DAL 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
55.55
5 important support areas can be observed.
- A support zone ranging from 68.86 to 69.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.51 from a trend line in the daily time frame.
- A support zone ranging from 65.83 to 65.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.55 from a trend line in the daily time frame.
- Support @56.11 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 | UP | POSITIVE | The long term trend for DAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAL is up. |
| ChartMill Relative Strength | 80.41 | POSITIVE | DAL has a high relative strength, it outperformed 80.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.33 | NEUTRAL | The RSI value for DAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests DAL has a positive trend. |
| Stochastics (14,3) | 87.31 | OVERBOUGHT | The high Stochastics value suggests DAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DAL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for DAL suggests a weak or negative trend. |
75
-0.35 (-0.46%)
DELTA AIR LINES INC / DAL FAQ
What is the technical rating for DAL stock?
ChartMill assigns a technical rating of 9 / 10 to DAL.
What is the current trend direction of DELTA AIR LINES INC (DAL) stock?
The current trend direction for DELTA AIR LINES INC (DAL) is Bullish.
What is the RSI signal for DELTA AIR LINES INC (DAL) stock?
DELTA AIR LINES INC (DAL) has an RSI value of 65.3294. This indicates that the stock is currently neutral.
What is the short term momentum for DELTA AIR LINES INC (DAL) stock?
The short term momentum for DELTA AIR LINES INC (DAL) is positive.
What are the support and resistance levels for DELTA AIR LINES INC (DAL) stock?
DELTA AIR LINES INC (DAL) has a support level at 69.49. Check the full technical report for our detailed analysis of DAL support and resistance levels.