SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LUV • US8447411088
Overall LUV gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, LUV did better than 95% of all other stocks.
- LUV is part of the Passenger Airlines industry. There are 22 other stocks in this industry. LUV outperforms 100% of them.
- LUV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month LUV has a been trading in the 40.68 - 54.70 range, which is quite wide. It is currently trading near the high of this range.
- LUV has an average volume of 10477500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although LUV has an excellent technical rating, it does not present a decent entry opportunity 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
We found 6 important support areas.
- A support zone ranging from 42.78 to 42.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @40.73 from a horizontal line in the daily time frame.
- Support @33.28 from a trend line in the weekly time frame.
- Support @31.15 from a trend 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.
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 | 95.09 | POSITIVE | LUV has a high relative strength, it outperformed 95.09% 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) | 76.97 | OVERBOUGHT | The high RSI value suggests LUV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.28 | OVERBOUGHT | The high Stochastics value suggests LUV may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 47.47 | POSITIVE | The high ADX value value for LUV suggests a strong trend. |
54.07
+0.71 (+1.33%)
SOUTHWEST AIRLINES CO / LUV FAQ
Can you provide the ChartMill technical rating for SOUTHWEST AIRLINES CO?
ChartMill assigns a technical rating of 10 / 10 to LUV.
What is the current trend direction of SOUTHWEST AIRLINES CO (LUV) stock?
The current trend direction for SOUTHWEST AIRLINES CO (LUV) is Bullish.
What is the RSI signal for LUV stock?
SOUTHWEST AIRLINES CO (LUV) has an RSI value of 76.9668. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SOUTHWEST AIRLINES CO?
The MACD indicator for SOUTHWEST AIRLINES CO (LUV) has a value of 0.854308, indicating a bearish trend.
What is the short term momentum for SOUTHWEST AIRLINES CO (LUV) stock?
The short term momentum for SOUTHWEST AIRLINES CO (LUV) is positive.