SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
USA - NYSE:LUV - US8447411088 - Common Stock
Taking everything into account, LUV scores 5 out of 10 in our technical rating. LUV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, LUV 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 32.18, a Stop Loss order could be placed below this zone.
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24.80
4 important support areas can be observed.
- A support zone ranging from 31.95 to 32.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.62 to 30.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.06 to 29.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.05 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @33.90 from a trend line in the daily time frame.
- A resistance zone ranging from 37.14 to 37.71. 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 | NEUTRAL | NEUTRAL | The long term trend for LUV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LUV is up. |
| ChartMill Relative Strength | 54.16 | NEUTRAL | LUV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LUV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LUV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LUV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.37 | OVERBOUGHT | The high Stochastics value suggests LUV may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for LUV suggests a weak or negative trend. |
32.82
-0.22 (-0.67%)
SOUTHWEST AIRLINES CO / LUV FAQ
Can you provide the ChartMill technical rating for SOUTHWEST AIRLINES CO?
ChartMill assigns a technical rating of 5 / 10 to LUV.
What is the trend direction for LUV stock?
The current trend direction for SOUTHWEST AIRLINES CO (LUV) is Bearish.
What is the RSI signal for LUV stock?
SOUTHWEST AIRLINES CO (LUV) has an RSI value of 54.3564. This indicates that the stock is currently neutral.
What is the short term momentum for LUV stock?
The short term momentum for SOUTHWEST AIRLINES CO (LUV) is positive.
What is the support and resistance level for LUV stock?
SOUTHWEST AIRLINES CO (LUV) has a support level at 32.18 and a resistance level at 33.9. Check the full technical report for our detailed analysis of LUV support and resistance levels.