DELTA AIR LINES INC (DAL) Stock Technical Analysis
USA - NYSE:DAL - US2473617023 - Common Stock
60.4 USD
-1.3 (-2.11%)
59.19 USD
-1.21 (-2%)
We assign a technical rating of 7 out of 10 to DAL. Although DAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAL is lagging the market slightly.
In the last month DAL has a been trading in the 55.72 - 62.27 range, which is quite wide. It is currently trading near the high of this range.
DAL has an average volume of 8442210 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, DAL turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
DAL is part of the Passenger Airlines industry. There are 21 other stocks in this industry, DAL did better than 44% of them.
DAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
36.91
61.00
4 important support areas can be observed.
- Support @60.24 from a trend line in the weekly time frame.
- A support zone ranging from 57.19 to 59.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.10 from a horizontal line in the daily time frame.
- Support @37.28 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 | 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 | 66.44 | NEUTRAL | DAL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of DAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.86 | NEUTRAL | The RSI value for DAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests DAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests DAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for DAL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for DAL 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)
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 |
|---|---|---|---|
| 62.28 | 60.23 | 2.05 (3.29%) | 25.00% |
| An entry @62.28. This is a Buy Stop order right above the 10 day high. | An exit @60.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.05 points, which is 3.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of DAL. 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.
60.4
-1.3 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-2.11%
1 Week1.39%
2 Weeks5.82%
1 Month1.56%
3 Month7.3%
6 Month47.86%
12 Month8.24%
2 Year93.28%
3 Year78.01%
5 Year97.13%
10 Year18.8%
15 Year334.85%
Volatility
ATR(14)2.36
ATR(20)%3.45%
ATR Inc-14.74%
Range Today2.85
ADR(20)1.97
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.44
Mansfield-0.11
10 Day High62.27
10 Day Low56.27
20 Day High62.27
20 Day Low55.72
52 Week High69.98
52 Week Low34.74
CS1 End60.24
CR1 StartN/A
Volume & EV
DER(3)1.23%
DER(5)0.64%
Volume12.42M
Volume Incr22.14%
Vol(5)11.21M
Vol(50)8.44M