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Archive
7/12/2019
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Archive
- 7/12/2019 -
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Alaska Air Group Inc (ALK)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was a third consecutive positive week for the Alaska Air Group Inc (ALK). During the week, the ALK climbed 0.17 points, or 0.27%, and closed at 64.24 on Friday, July 12, 2019. Weekly volume was -33% below average.

Long-term trend: [See ALK long-term trend chart]
A long-term downtrend had started on March 1, 2017 at 101.43 and reached 53.39 on March 25, 2019. ALK lost 48.04 points, or 47.36%, in 107 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 51.90 and resistance is at 65.62. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on November 29, 2018 at 74.83 and reached 53.39 on March 25, 2019. ALK lost 21.44 points, or 28.65%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (48.01) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 26, 2019. Use the following link to access a MACD help.

Short-term trend: [See ALK short-term trend chart]
A short-term uptrend had started on June 21, 2019 at 60.30 and reached 64.91 on July 8, 2019. ALK gained -4.61 points, or -7.65%, in 17 days. The price is now at the 14.53% retracement level.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 11, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is falling, and it was 5.73% on Friday. It is 52.57% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.01
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 59.18
Greed/Fear Indicator (GFI) 64.30
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.78
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 78.24
Greed/Fear Indicator (GFI) 73.48
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
Yearly Trendline Resistance 65.62
Upper Bollinger Band 64.81
Parabolic System 64.77
Price 64.24
Daily Stochastic Crossing 63.68
Weekly Stochastic Crossing 63.67
20 Day Moving Average 63.06
50 Day Moving Average 61.81
Lower Bollinger Band 61.12
Quarterly Trendline Resistance 52.38
Yearly Trendline Support 51.90
Sector and Industry
Description Name Rank
Sector Services 5
Industry Regional Airlines 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.30
Low Date 06/21/2019
High 64.91
High Date 07/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.82
Low Date 05/31/2019
High 64.91
High Date 07/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.39
Low Date 03/25/2019
High 64.91
High Date 07/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 52.38
Support 48.01
High 74.83
High Date 11/29/2018
Low 53.39
Low Date 03/25/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 65.62
Support 51.90
High 101.43
High Date 03/01/2017
Low 53.39
Low Date 03/25/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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