SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
NYSE:LUV - New York Stock Exchange, Inc. - US8447411088 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to LUV. LUV has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month LUV has a been trading in the 30.32 - 34.62 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
LUV has an average volume of 12794800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LUV turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
LUV is an average performer in the Passenger Airlines industry, it outperforms 57% of 22 stocks in the same industry.
LUV 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 LUV is lagging the market slightly.
LUV has an average technical rating and also 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
24.77
35.20
We found 2 important support areas.
- A support zone ranging from 31.15 to 31.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.02 to 25.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @34.26 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.84 to 34.85. 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 | UP | POSITIVE | The long term trend for LUV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LUV is neutral. |
| ChartMill Relative Strength | 46.22 | NEUTRAL | LUV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUV is below 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) | 46.36 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests LUV has a negative trend. |
| Stochastics (14,3) | 14.45 | OVERSOLD | The low Stochastics value suggests LUV may be oversold. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.31 | 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)
31.44
-0.76 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-2.36%
1 Week-8.5%
2 Weeks-3.56%
1 Month-3.53%
3 Month-9.73%
6 Month-5.53%
12 Month10.86%
2 Year-13.17%
3 Year-12.96%
5 Year-8.02%
10 Year-4.99%
15 Year182.99%
Volatility
ATR(14)0.94
ATR(20)%3.1%
ATR Inc2.45%
Range Today0.82
ADR(20)0.85
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.22
Mansfield-0.02
10 Day High34.62
10 Day Low31.16
20 Day High34.62
20 Day Low30.32
52 Week High36.12
52 Week Low23.58
CS1 End31.43
CR1 Start34.26
Volume & EV
DER(3)2.15%
DER(5)1.63%
Volume12.67M
Volume Incr-1.79%
Vol(5)11.38M
Vol(50)12.79M