The Greedy Trader Weekly Analysis
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- 7/10/2026 -
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Southwest Airlines (LUV) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Southwest Airlines (LUV). During the week, the LUV dropped -1.82 points, or -3.62%, and closed at 48.43 on Friday, July 10, 2026. It was the worst weekly loss since May 15, 2026. Weekly volume was -43% below average.

LUV 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 LUV long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 21.91 and reached 55.11 on February 17, 2026. LUV gained -33.20 points, or -151.53%, in 119 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (32.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 LUV medium-term trend chart]
A medium-term uptrend had started on April 23, 2026 at 36.85 and reached 53.13 on June 26, 2026. LUV gained -16.28 points, or -44.18%, in 9 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 37.97 and resistance is at 55.97. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 weekly MACD line is above its signal line since June 12, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LUV short-term trend chart]
A short-term downtrend had started on June 26, 2026 at 53.13 and reached 47.67 on July 8, 2026. LUV lost 5.46 points, or 10.28%, in 12 days. The price is now at the 13.92% retracement level.

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

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

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.30
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 25.73
Greed/Fear Indicator (GFI) 47.63
Moving Average Converg./Diverg. (MACD) 2.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.88
Williams' Percentage Range (W%R) 32.50
Lane's Stochastic (%D-Slow) 81.98
Overbought
Greed/Fear Indicator (GFI) 68.70
Moving Average Converg./Diverg. (MACD) 1.37
Trading Signals
Description Value Chart
Weekly Trendline Resistance 55.97
Upper Bollinger Band 52.65
Parabolic System 51.22
Weekly Stochastic Crossing 51.06
20 Day Moving Average 49.06
Daily Stochastic Crossing 48.49
Price 48.43
Lower Bollinger Band 43.95
50 Day Moving Average 43.95
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.13
High Date 06/26/2026
Low 47.67
Low Date 07/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 55.97
Support 37.97
Low 36.85
Low Date 04/23/2026
High 53.13
High Date 06/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.73
Low Date 04/02/2026
High 53.13
High Date 06/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.98
Low Date 08/11/2025
High 55.11
High Date 02/17/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 38.00
Support 32.31
Low 21.91
Low Date 11/01/2023
High 55.11
High Date 02/17/2026
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.