DELTA AIR LINES INC (DAL) Stock Technical Analysis
NYSE:DAL - New York Stock Exchange, Inc. - US2473617023 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to DAL. DAL 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month DAL has a been trading in the 45.86 - 52.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DAL has an average volume of 11723900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, DAL outperforms 52% of them, which is more or less in line with the market.
DAL is part of the Passenger Airlines industry. There are 22 other stocks in this industry, DAL did better than 57% 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.
DAL has a poor technical rating and the quality of the setup is also not perfect 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
36.91
53.53
We found 3 important support areas.
- A support zone ranging from 47.03 to 47.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.22 from a trend line in the weekly time frame.
- 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 50.88 to 50.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.00 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 DAL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DAL is neutral. |
| ChartMill Relative Strength | 52.41 | NEUTRAL | DAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DAL is above a declining 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 | MIXED | The current price of DAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.21 | NEUTRAL | The RSI value for DAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests DAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.44 | NEUTRAL | The Stochastics value for DAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for DAL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for DAL suggests a possible start of a new 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)
49.46
+2.42 (+5.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg5.14%
1 Week-3.4%
2 Weeks1.98%
1 Month-2.87%
3 Month5.75%
6 Month-18.82%
12 Month0.16%
2 Year4.04%
3 Year70.73%
5 Year76.33%
10 Year20.4%
15 Year320.94%
Volatility
ATR(14)1.62
ATR(20)%3.29%
ATR Inc86.35%
Range Today2.2
ADR(20)1.44
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.41
Mansfield-0.89
10 Day High52.08
10 Day Low45.86
20 Day High52.08
20 Day Low45.86
52 Week High69.98
52 Week Low34.74
CS1 End47.03
CR1 Start50.88
Volume & EV
DER(3)2.71%
DER(5)1.62%
Volume10.24M
Volume Incr-1.3%
Vol(5)9.39M
Vol(50)11.72M