LATAM AIRLINES GROUP SA-ADR (LTM) Stock Technical Analysis
USA - NYSE:LTM - US51817R1068 - ADR
Taking everything into account, LTM scores 8 out of 10 in our technical rating. In the last year, LTM was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, LTM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
40.72
We found 3 important support areas.
- A support zone ranging from 44.01 to 44.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.74 to 43.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.13 to 41.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @45.18 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for LTM is neutral. |
| ChartMill Relative Strength | 87.97 | POSITIVE | LTM has a high relative strength, it outperformed 87.97% 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) | 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) | 51.96 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests LTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.66 | OVERBOUGHT | The high Stochastics value suggests LTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for LTM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.19 | NEGATIVE | The low ADX value for LTM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.19 | 44.00 | 1.19 (2.63%) | 25.00% |
| An entry @45.19. This is a Buy Stop order right above the resistance zone. | An exit @44.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.19 points, which is 2.63%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LTM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.99
-0.31 (-0.68%)
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.
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 51.9605. 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 0.216712, 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 44.77 and a resistance level at 45.18. Check the full technical report for our detailed analysis of LTM support and resistance levels.