LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
NYSE:LTM • US51817R1068
We assign a technical rating of 8 out of 10 to LTM. In the last year, LTM was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month LTM has a been trading in the 56.56 - 70.42 range, which is quite wide. It is currently trading near the lows of this range.
- 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. On top of that, LTM also shows a nice and consistent pattern of rising prices.
- LTM is part of the Passenger Airlines industry. There are 22 other stocks in this industry. LTM outperforms 90% of them.
- 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 1263720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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
40.72
5 important support areas can be observed.
- A support zone ranging from 57.22 to 57.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.51 from a trend line in the weekly time frame.
- Support @46.44 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 | DOWN | NEGATIVE | The short term trend for LTM is down. |
| ChartMill Relative Strength | 92.4 | POSITIVE | LTM has a high relative strength, it outperformed 92.4% 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) | UP | MIXED | The current price of LTM is below 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) | 38.08 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests LTM has a negative trend. |
| Stochastics (14,3) | 6.72 | OVERSOLD | The low Stochastics value suggests LTM may be oversold. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.58 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
57.62
-0.52 (-0.89%)
LATAM AIRLINES GROUP SA-ADR / LTM FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for LATAM AIRLINES GROUP SA-ADR?
LATAM AIRLINES GROUP SA-ADR (LTM) has an RSI value of 38.0781. 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 -1.13459, 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 57.61. Check the full technical report for our detailed analysis of LTM support and resistance levels.