LATAM AIRLINES GROUP SA-ADR (LTM) Technical Analysis
NYSE:LTM • US51817R1068
Current stock price
LTM Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to LTM. Although LTM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- LTM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, LTM did better than 84% of all other 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 95% of 22 stocks in the same industry.
- LTM has an average volume of 1566670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LTM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LTM is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
LTM Weekly and Daily overview Charts
LTM Setup Rating and Analysis
Although the technical rating is only medium, LTM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 47.79, a Stop Loss order could be placed below this zone.
More info and screens
LTM Support and Resistance Analysis
42.31
2 important support areas can be observed.
- A support zone ranging from 47.04 to 47.79. 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.
We found 1 important resistance area.
- A resistance zone ranging from 49.02 to 49.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
LTM Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for LTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LTM is down. |
| ChartMill Relative Strength | 84 | POSITIVE | LTM has a high relative strength, it outperformed 84% 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) | DOWN | NEGATIVE | The current price of LTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LTM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.07 | NEUTRAL | The RSI value for LTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests LTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.75 | NEUTRAL | The Stochastics value for LTM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for LTM suggests high volalility. |
| Average Directional Index/ADX (14) | 33.52 | POSITIVE | The high ADX value value for LTM suggests a strong trend. |
LTM Chart- and CandleStick Pattern Analysis
LTM Technicals: Chart, Performance Metrics, Trend & Indicators
47.99
-0.7 (-1.44%)
LATAM AIRLINES GROUP SA-ADR / LTM TA FAQ
What is the technical rating for LTM stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
Can you provide the RSI signal for LATAM AIRLINES GROUP SA-ADR?
LATAM AIRLINES GROUP SA-ADR (LTM) has an RSI value of 39.0664. 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 0.312304, 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 47.79 and a resistance level at 49.02. Check the full technical report for our detailed analysis of LTM support and resistance levels.