LATAM AIRLINES GROUP SA-ADR (LTM) Technical Analysis
NYSE:LTM • US51817R1068
Current stock price
LTM Technical Rating and Analysis
Overall LTM gets a technical rating of 4 out of 10. Although LTM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- LTM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that LTM is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by LTM over the past year are nicely spread over this period.
- 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 1593560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LTM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LTM is lagging the market slightly.
LTM Weekly and Daily overview Charts
LTM Setup Rating and Analysis
LTM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 47.61, a Stop Loss order could be placed below this zone.
More info and screens
LTM Support and Resistance Analysis
42.31
2 important support areas can be observed.
- A support zone ranging from 47.04 to 47.61. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.08 to 49.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
LTM 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 | DOWN | NEGATIVE | The long term trend for LTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTM is down. |
| ChartMill Relative Strength | 85.39 | POSITIVE | LTM has a high relative strength, it outperformed 85.39% 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) | 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) | 42.34 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests LTM has a positive trend. |
| Stochastics (14,3) | 44.25 | NEUTRAL | The Stochastics value for LTM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for LTM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.31 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
LTM Chart- and CandleStick Pattern Analysis
LTM Technicals: Chart, Performance Metrics, Trend & Indicators
49.03
-0.59 (-1.19%)
LATAM AIRLINES GROUP SA-ADR / LTM TA FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
Can you provide the RSI signal for LATAM AIRLINES GROUP SA-ADR?
LATAM AIRLINES GROUP SA-ADR (LTM) has an RSI value of 42.3443. 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 0.187169, 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 47.61. Check the full technical report for our detailed analysis of LTM support and resistance levels.