DAL Technical Analysis - DELTA AIR LINES INC

Technical Rating and Analysis

Taking everything into account, DAL scores 5 out of 10 in our technical rating. DAL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month DAL has a been trading in the 56.35 - 63.91 range, which is quite wide. It is currently trading near the lows of this range.

DAL has an average volume of 7599190 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.

Looking at the yearly performance, DAL did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

DAL is part of the Passenger Airlines industry. There are 21 other stocks in this industry, DAL did better than 44% of them.

DAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAL is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

DELTA AIR LINES INC / DAL Weekly stock chart

DELTA AIR LINES INC / DAL Daily stock chart

Setup Rating and Analysis

DAL has an average technical rating and the quality of the presented setup is also not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

36.91

62.60

2 important support areas can be observed.

A support zone ranging from 56.73 to 56.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @37.28 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 56.97 to 58.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 60.90 to 61.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for DAL is down.
ChartMill Relative Strength	72.92	POSITIVE	DAL has a high relative strength, it outperformed 72.92% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DAL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of DAL is below 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)	39.78	NEUTRAL	The RSI value for DAL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.53	NEGATIVE	The MACD value suggests DAL has a negative trend.
Stochastics (14,3)	16.49	OVERSOLD	The low Stochastics value suggests DAL may be oversold.
Average True Range in percent/ATR (20)	3.1	MEDIUM VOLATILITY	The ATR as a percentage value for DAL suggests some volalility.
Average Directional Index/ADX (14)	19.8	NEGATIVE	The low ADX value for DAL suggests a weak or negative trend.