LUV Technical Analysis - SOUTHWEST AIRLINES CO

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to LUV. In the last year, LUV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

64% of all other stocks performed better in the past year than LUV.

LUV is one of the lesser performing stocks in the Passenger Airlines industry. 70% of 21 stocks in the same industry do better.

LUV has an average volume of 8417890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

LUV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LUV is lagging the market.

In the last month LUV has a been trading in the 30.77 - 33.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SOUTHWEST AIRLINES CO / LUV Weekly stock chart

SOUTHWEST AIRLINES CO / LUV Daily stock chart

Setup Rating and Analysis

LUV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.80

38.09

We found 5 important support areas.

Support @33.40 from a horizontal line in the daily time frame.
A support zone ranging from 31.79 to 32.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @29.62 from a horizontal line in the weekly time frame.
Support @29.06 from a horizontal line in the daily time frame.
Support @25.05 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

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.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for LUV is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LUV is neutral.
ChartMill Relative Strength	36.95	NEUTRAL	LUV is not amongst the best or worst performers 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)	DOWN	MIXED	The current price of LUV is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.38	NEUTRAL	The RSI value for LUV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests LUV has a positive trend.
Stochastics (14,3)	47.5	NEUTRAL	The Stochastics value for LUV is a neutral value.
Average True Range in percent/ATR (20)	3.3	MEDIUM VOLATILITY	The ATR as a percentage value for LUV suggests some volalility.
Average Directional Index/ADX (14)	10.37	NEGATIVE	The low ADX value for LUV suggests a weak or negative trend.