SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
NYSE:LUV - New York Stock Exchange, Inc. - US8447411088 - Common Stock - Currency: USD
Taking everything into account, LUV scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, LUV has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
LUV is one of the better performing stocks in the Passenger Airlines industry, it outperforms 85% of 22 stocks in the same industry.
LUV 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 LUV is lagging the market slightly.
LUV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
LUV has an average volume of 11192300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LUV is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
LUV has an excellent technical rating, but the quality of the setup is only medium 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
24.80
36.88
2 important support areas can be observed.
- A support zone ranging from 30.95 to 31.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.05 to 25.15. This zone is formed by a combination of multiple trend lines in the weekly 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 LUV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LUV is up. |
| ChartMill Relative Strength | 89.07 | POSITIVE | LUV has a high relative strength, it outperformed 89.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LUV is above the rising 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) | 64.27 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.95 | OVERBOUGHT | The high Stochastics value suggests LUV may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 28.31 | POSITIVE | The high ADX value value for LUV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
36.51
+0.04 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.11%
1 Week-1.67%
2 Weeks7.13%
1 Month17.17%
3 Month47.57%
6 Month13.74%
12 Month34.33%
2 Year6.88%
3 Year-4.22%
5 Year18.19%
10 Year0.86%
15 Year202.99%
Volatility
ATR(14)1
ATR(20)%2.61%
ATR Inc20.53%
Range Today0.58
ADR(20)0.9
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.07
Mansfield0.94
10 Day High37.96
10 Day Low33.26
20 Day High37.96
20 Day Low30.72
52 Week High37.96
52 Week Low23.58
CS1 End31.38
CR1 StartN/A
Volume & EV
DER(3)-0.97%
DER(5)0%
Volume8.19M
Volume Incr-7.5%
Vol(5)10.53M
Vol(50)11.19M