NYSE:LUV • US8447411088
We assign a technical rating of 10 out of 10 to LUV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LUV is showing a nice and steady performance.
Besides having an excellent technical rating, LUV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
24.80
When analyzing the support we can see 7 important areas.
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 | 94.29 | POSITIVE | LUV has a high relative strength, it outperformed 94.29% 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) | 62.95 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.49 | NEUTRAL | The Stochastics value for LUV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 44.85 | POSITIVE | The high ADX value value for LUV suggests a strong 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 |
|---|---|---|---|
| 52.11 | 50.81 | 1.30 (2.49%) | 25.00% |
| An entry @52.11. This is a Buy Stop order right above the 10 day moving average. | An exit @50.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.30 points, which is 2.49%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
51.11
+0.28 (+0.55%)
ChartMill assigns a technical rating of 10 / 10 to LUV.
The current trend direction for SOUTHWEST AIRLINES CO (LUV) is Bullish.
SOUTHWEST AIRLINES CO (LUV) has an RSI value of 62.9524. This indicates that the stock is currently neutral.
The MACD indicator for SOUTHWEST AIRLINES CO (LUV) has a value of 0.10988, indicating a bearish trend.
The short term momentum for SOUTHWEST AIRLINES CO (LUV) is positive.