LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
USA - NYSE:LTM - US51817R1068 - ADR
48.04 USD
-0.35 (-0.72%)
48.04 USD
0 (0%)
Taking everything into account, LTM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LTM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that LTM is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by LTM over the past year are nicely spread over this period.
LTM is one of the better performing stocks in the Passenger Airlines industry, it outperforms 80% of 21 stocks in the same industry.
LTM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LTM is lagging the market slightly.
LTM has an average volume of 1173860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month LTM has a been trading in the 43.76 - 52.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although LTM has an excellent technical rating, the quality of the presented setup is not ideal 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
46.39
51.93
When analyzing the support we can see 2 important areas.
- Support @47.63 from a horizontal line in the daily time frame.
- Support @46.86 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 48.34 to 48.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.42 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 | UP | POSITIVE | The long term trend for LTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LTM is up. |
| ChartMill Relative Strength | 92.72 | POSITIVE | LTM has a high relative strength, it outperformed 92.72% 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) | UP | POSITIVE | The current price of LTM is above 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) | 55.89 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests LTM has a negative trend. |
| Stochastics (14,3) | 35.41 | NEUTRAL | The Stochastics value for LTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 41.43 | POSITIVE | The high ADX value value for LTM suggests a strong 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)
48.04
-0.35 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-0.72%
1 Week-3.87%
2 Weeks-4.14%
1 Month10.63%
3 Month27.17%
6 Month51.69%
12 Month89.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%2.84%
ATR Inc-6.01%
Range Today1.11
ADR(20)1.3
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.72
Mansfield3.08
10 Day High52.54
10 Day Low46.72
20 Day High52.54
20 Day Low43.76
52 Week High52.54
52 Week Low24.38
CS1 End48.38
CR1 Start51.42
Volume & EV
DER(3)0.92%
DER(5)-2.3%
Volume2.58M
Volume Incr52.72%
Vol(5)2.67M
Vol(50)1.17M