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