LTM Technical Analysis - LATAM AIRLINES GROUP SA-ADR

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to LTM. In the last year, LTM was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month LTM has a been trading in the 41.95 - 49.77 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, LTM did better than 86% of all other stocks.

LTM is one of the better performing stocks in the Passenger Airlines industry, it outperforms 80% of 21 stocks in the same industry.

LTM has an average volume of 1916030 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LATAM AIRLINES GROUP SA-ADR / LTM Weekly stock chart

LATAM AIRLINES GROUP SA-ADR / LTM Daily stock chart

Setup Rating and Analysis

LTM has an average technical rating and it also does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

41.97

43.17

When analyzing the support we notice one important area.

A support zone ranging from 42.39 to 42.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 42.41 to 42.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 LTM is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for LTM is down.
ChartMill Relative Strength	86	POSITIVE	LTM has a high relative strength, it outperformed 86% 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)	32.76	NEUTRAL	The RSI value for LTM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.58	NEGATIVE	The MACD value suggests LTM has a negative trend.
Stochastics (14,3)	9.89	OVERSOLD	The low Stochastics value suggests LTM may be oversold.
Average True Range in percent/ATR (20)	3.67	MEDIUM VOLATILITY	The ATR as a percentage value for LTM suggests some volalility.
Average Directional Index/ADX (14)	29.17	POSITIVE	The high ADX value value for LTM suggests a strong trend.