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Daily RSI Divergence:Bullish
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic and MACD bearish divergence
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It was a fourth consecutive positive week for the Delta Airlines (DAL). During the week, the DAL gained 0.88 points, or 2.08%, and closed at 43.12 on Friday, March 15, 2024. DAL was trading at average weekly trading volume.

DAL 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 DAL long-term trend chart]
A long-term downtrend had started on July 24, 2019 at 63.44 and reached 17.51 on May 14, 2020. DAL lost 45.93 points, or 72.40%, in 42 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (33.07) 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 DAL medium-term trend chart]
A medium-term downtrend had started on July 13, 2023 at 49.81 and reached 30.60 on October 27, 2023. DAL lost 19.21 points, or 38.57%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (40.89) 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 DAL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 2023. Use the following link to access a MACD help.

Short-term trend: [See DAL short-term trend chart]
A short-term uptrend had started on January 16, 2024 at 36.34 and reached 44.47 on March 13, 2024. DAL gained -8.13 points, or -22.37%, in 57 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.07
Williams' Percentage Range (W%R) 32.20
Lane's Stochastic (%D-Slow) 69.40
Bearish
Greed/Fear Indicator (GFI) 66.43
Moving Average Converg./Diverg. (MACD) 0.68 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.69
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 81.87
Overbought
Greed/Fear Indicator (GFI) 74.66
Moving Average Converg./Diverg. (MACD) 0.45
Trading Signals
Description Value Chart
Upper Bollinger Band 43.83
Daily Stochastic Crossing 43.58
Weekly Stochastic Crossing 43.35
Price 43.12
Parabolic System 42.12
20 Day Moving Average 42.07
Monthly Trendline Support 40.89
50 Day Moving Average 40.65
Lower Bollinger Band 40.35
Monthly Trendline Resistance 38.62
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Airlines 58
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 36.34
Low Date 01/16/2024
High 44.47
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.60
Low Date 10/27/2023
High 44.47
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 38.62
Support 40.89
High 49.81
High Date 07/13/2023
Low 30.60
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.20
Low Date 10/03/2022
High 49.81
High Date 07/13/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 31.85
Support 33.07
High 63.44
High Date 07/24/2019
Low 17.51
Low Date 05/14/2020
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.