LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LTM - US51817R1068 - ADR
We assign a technical rating of 10 out of 10 to LTM. 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.
Although LTM has an excellent technical rating, it 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.
More info and screens
40.72
When analyzing the support we can see 5 important areas.
- Support @51.84 from a horizontal line in the daily time frame.
- A support zone ranging from 46.28 to 47.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.23 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.
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 | 93.98 | POSITIVE | LTM has a high relative strength, it outperformed 93.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LTM is above 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) | 71.21 | OVERBOUGHT | The high RSI value suggests LTM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests LTM has a positive trend. |
| Stochastics (14,3) | 82.21 | OVERBOUGHT | The high Stochastics value suggests LTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 40.05 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
54.9
+1.33 (+2.48%)
LATAM AIRLINES GROUP SA-ADR / LTM FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 10 / 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 71.2071. This indicates that the stock is currently overbought.
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 0.207262, 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 51.84. Check the full technical report for our detailed analysis of LTM support and resistance levels.