The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Near
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Moving Average Crossover - stock market timing alerts.

The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the the direction of a trend. While the price is below the moving average, it is considered as bearish behavior in relation to the trend length being viewed.

When the price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend.

Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use a 20-day moving average crossover to identify weekly trend and 50-day moving average crossover for monthly trend stock market alerts.

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- 3/15/2024 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageBullish Doji CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Alaska Air Group Inc (ALK). During the week, the ALK gained 1.59 points, or 4.35%, and closed at 38.18 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 25% above average.

ALK is a member of Industrials Sector. Industrials is the most overbought sector. 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 July 13, 2023 at 57.18 and reached 30.75 on November 1, 2023. ALK lost 26.43 points, or 46.22%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (35.24) 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 long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 30.75 and reached 41.22 on December 26, 2023. ALK gained -10.47 points, or -34.05%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 35.24 and resistance is at 40.19. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 January 17, 2024 at 33.24 and reached 40.49 on February 22, 2024. ALK gained -7.25 points, or -21.81%, in 36 days. The price is now at the 31.86% retracement level.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See ALK candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.93
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 74.72
Greed/Fear Indicator (GFI) 58.66
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.54
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 59.59
Greed/Fear Indicator (GFI) 59.66
Moving Average Converg./Diverg. (MACD) -1.35
Trading Signals
Description Value Chart
Weekly Trendline Resistance 40.19
Upper Bollinger Band 39.43
Daily Stochastic Crossing 38.70
Price 38.18
Weekly Stochastic Crossing 38.10
20 Day Moving Average 37.95
50 Day Moving Average 36.97
Parabolic System 36.36
Lower Bollinger Band 36.00
Weekly Trendline Support 35.24
Monthly Trendline Support 35.24
Monthly Trendline Resistance 33.59
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Airlines 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.24
Low Date 01/17/2024
High 40.49
High Date 02/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 40.19
Support 35.24
Low 30.75
Low Date 11/01/2023
High 41.22
High Date 12/26/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 33.59
Support 35.24
High 57.18
High Date 07/13/2023
Low 30.75
Low Date 11/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.25
High Date 04/07/2021
Low 30.75
Low Date 11/01/2023
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.