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- 5/29/2020 -
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Alaska Air Group Inc (ALK)

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Summary:
Weekly :Oversold industry
Daily :Stochastic signal line moved below overbought areaMACD bearish divergence
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It was a second consecutive positive week for the Alaska Air Group Inc (ALK). During the week, the ALK gained 3.17 points, or 10.22%, and closed at 34.19 on Friday, May 29, 2020. Weekly volume was 119% above average.

ALK is a member of Airlines Industry. Airlines is the most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ALK long-term trend chart]
A long-term downtrend had started on March 1, 2017 at 101.43 and reached 20.02 on March 18, 2020. ALK lost 81.41 points, or 80.26%, in 159 weeks. The price is now at the 17.41% retracement level.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on November 7, 2019 at 72.22 and reached 20.02 on March 18, 2020. ALK lost 52.20 points, or 72.28%, in 18 weeks. The price is now at the 27.15% retracement level.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 27, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 14, 2020 at 23.39 and reached 39.47 on May 27, 2020. ALK gained -16.08 points, or -68.75%, in 13 days. The price is now at the 32.84% 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since May 15, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.64
Williams' Percentage Range (W%R) 39.00
Lane's Stochastic (%D-Slow) 75.71
Greed/Fear Indicator (GFI) 65.77
Moving Average Converg./Diverg. (MACD) 0.08 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.23
Williams' Percentage Range (W%R) 72.30
Lane's Stochastic (%D-Slow) 43.22
Greed/Fear Indicator (GFI) 38.01
Moving Average Converg./Diverg. (MACD) -8.65
Trading Signals
Description Value Chart
Upper Bollinger Band 36.97
Daily Stochastic Crossing 36.49
Price 34.19
Weekly Stochastic Crossing 31.02
Parabolic System 29.86
20 Day Moving Average 29.83
50 Day Moving Average 29.09
Lower Bollinger Band 24.99
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 1
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.39
Low Date 05/14/2020
High 39.47
High Date 05/27/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.39
Low Date 05/14/2020
High 39.47
High Date 05/27/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.02
Low Date 03/18/2020
High 39.47
High Date 05/27/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.22
High Date 11/07/2019
Low 20.02
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.43
High Date 03/01/2017
Low 20.02
Low Date 03/18/2020
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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