SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LUV - US8447411088 - Common Stock
We assign a technical rating of 10 out of 10 to LUV. 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!
- Looking at the yearly performance, LUV did better than 89% of all other stocks.
- LUV is part of the Passenger Airlines industry. There are 22 other stocks in this industry. LUV outperforms 85% of them.
- 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 has an average volume of 9057160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month LUV has a been trading in the 40.69 - 45.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LUV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 42.37, a Stop Loss order could be placed below this zone.
More info and screens
24.80
We found 5 important support areas.
- A support zone ranging from 42.30 to 42.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.68 from a trend line in the weekly time frame.
- Support @31.77 from a trend line in the daily 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 | 89.48 | POSITIVE | LUV has a high relative strength, it outperformed 89.48% 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) | 57.73 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests LUV has a negative trend. |
| Stochastics (14,3) | 48.36 | NEUTRAL | The Stochastics value for LUV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 42.01 | 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 |
|---|---|---|---|
| 43.09 | 42.29 | 0.80 (1.85%) | 25.00% |
| An entry @43.09. This is a Buy Stop order right above the 10 day moving average. | An exit @42.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 1.85%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LUV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.38
-0.74 (-1.72%)
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 57.7286. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOUTHWEST AIRLINES CO?
The MACD indicator for SOUTHWEST AIRLINES CO (LUV) has a value of -0.26293, 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.