LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
USA - NYSE:LTM - US51817R1068 - ADR
Overall LTM gets a technical rating of 6 out of 10. 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.
LTM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LTM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
40.72
3 important support areas can be observed.
- A support zone ranging from 43.46 to 43.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.74 from a horizontal line in the daily time frame.
- A support zone ranging from 41.13 to 41.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.32 to 45.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 88.82 | POSITIVE | LTM has a high relative strength, it outperformed 88.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LTM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LTM is below a declining 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) | 46.85 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LTM has a negative trend. |
| Stochastics (14,3) | 30.04 | NEUTRAL | The Stochastics value for LTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for LTM suggests a weak or negative 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 |
|---|---|---|---|
| 44.48 | 43.45 | 1.03 (2.32%) | 25.00% |
| An entry @44.48. This is a Buy Stop order right above the 10 day moving average. | An exit @43.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 2.32%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
44.02
+0.4 (+0.92%)
LATAM AIRLINES GROUP SA-ADR / LTM FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 6 / 10 to LTM.
Can you provide the trend direction for LATAM AIRLINES GROUP SA-ADR?
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 46.8464. This indicates that the stock is currently neutral.
What is the MACD signal for LATAM AIRLINES GROUP SA-ADR (LTM) stock?
The MACD indicator for LATAM AIRLINES GROUP SA-ADR (LTM) has a value of -0.00442848, indicating a bearish trend.
Can you provide the support and resistance levels for LATAM AIRLINES GROUP SA-ADR?
LATAM AIRLINES GROUP SA-ADR (LTM) has a support level at 43.79 and a resistance level at 44.32. Check the full technical report for our detailed analysis of LTM support and resistance levels.