LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
NYSE:LTM • US51817R1068
Taking everything into account, LTM scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month LTM has a been trading in the 55.97 - 70.42 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that LTM is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, LTM also shows a nice and consistent pattern of rising prices.
- LTM is part of the Passenger Airlines industry. There are 22 other stocks in this industry. LTM outperforms 95% of them.
- LTM has an average volume of 1315560 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.
- LTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LTM is lagging the market.
LTM has an excellent technical rating, but the quality of the setup is only medium 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.
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40.72
When analyzing the support we can see 5 important areas.
- A support zone ranging from 56.15 to 56.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.98 from a trend line in the weekly time frame.
- Support @46.71 from a trend line in the daily time frame.
- Support @42.74 from a horizontal line in the daily time frame.
- Support @41.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.37 to 59.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 LTM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTM is down. |
| ChartMill Relative Strength | 90.92 | POSITIVE | LTM has a high relative strength, it outperformed 90.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LTM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.28 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests LTM has a negative trend. |
| Stochastics (14,3) | 13.42 | OVERSOLD | The low Stochastics value suggests LTM may be oversold. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.4 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
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 |
|---|---|---|---|
| 58.38 | 56.14 | 2.24 (3.84%) | 25.00% |
| An entry @58.38. This is a Buy Stop order right above the 10 day moving average. | An exit @56.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.24 points, which is 3.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The distance between exit and entry is rather small compared to the average daily movement of LTM. 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.
56.16
-2.09 (-3.59%)
LATAM AIRLINES GROUP SA-ADR / LTM FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 7 / 10 to LTM.
What is the current trend direction of LATAM AIRLINES GROUP SA-ADR (LTM) stock?
The current trend direction for LATAM AIRLINES GROUP SA-ADR (LTM) is Bullish.
Can you provide the RSI signal for LATAM AIRLINES GROUP SA-ADR?
LATAM AIRLINES GROUP SA-ADR (LTM) has an RSI value of 36.2794. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LATAM AIRLINES GROUP SA-ADR?
The MACD indicator for LATAM AIRLINES GROUP SA-ADR (LTM) has a value of -0.788855, indicating a bearish trend.
What is the support and resistance level for LTM stock?
LATAM AIRLINES GROUP SA-ADR (LTM) has a support level at 56.15 and a resistance level at 58.37. Check the full technical report for our detailed analysis of LTM support and resistance levels.