LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LTM - US51817R1068 - ADR
Overall LTM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, LTM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although LTM has an excellent technical rating, it does not present a decent entry opportunity 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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40.72
We found 4 important support areas.
- A support zone ranging from 45.30 to 47.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.74 to 44.42. 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.
- Support @41.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.16 to 51.61. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for LTM is up. |
| ChartMill Relative Strength | 91.92 | POSITIVE | LTM has a high relative strength, it outperformed 91.92% 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) | 68.96 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests LTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.08 | OVERBOUGHT | The high Stochastics value suggests LTM may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.84 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
51.15
+0.32 (+0.63%)
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 68.9557. 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 0.497441, 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 47.18 and a resistance level at 51.16. Check the full technical report for our detailed analysis of LTM support and resistance levels.