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Airlines Industry Stocks Technical Analysis - ALK

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- 6/5/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -3.20 points, or -6.95%, and closed at 42.82 on Friday, June 5, 2026. Weekly volume was -10% below average.

Long-term trend: [See ALK long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 20.02 and reached 78.08 on February 19, 2025. ALK gained -58.06 points, or -290.01%, in 257 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 38.38 and resistance is at 79.36. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 78.08 and reached 33.03 on March 30, 2026. ALK lost 45.05 points, or 57.70%, in 57 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 35.65 and resistance is at 53.98. 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 medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 19, 2026 at 35.84 and reached 47.90 on May 29, 2026. ALK gained -12.06 points, or -33.65%, in 10 days. The price is now at the 42.12% 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. 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 20, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.69
Williams' Percentage Range (W%R) 43.80
Lane's Stochastic (%D-Slow) 44.30
Greed/Fear Indicator (GFI) 55.73
Moving Average Converg./Diverg. (MACD) 0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.22
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 51.99
Greed/Fear Indicator (GFI) 45.94
Moving Average Converg./Diverg. (MACD) -2.53
Trading Signals
Description Value Chart
Upper Bollinger Band 48.22
Parabolic System 47.45
Daily Stochastic Crossing 43.99
Price 42.82
Weekly Stochastic Crossing 42.64
20 Day Moving Average 41.32
50 Day Moving Average 40.29
Yearly Trendline Support 38.38
Monthly Trendline Resistance 37.66
Monthly Trendline Support 36.80
Lower Bollinger Band 35.83
Quarterly Trendline Support 35.65
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.84
Low Date 05/19/2026
High 47.90
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.03
Low Date 03/30/2026
High 47.90
High Date 05/29/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 37.66
Support 36.80
High 60.63
High Date 02/09/2026
Low 33.03
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 53.98
Support 35.65
High 78.08
High Date 02/19/2025
Low 33.03
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 79.36
Support 38.38
Low 20.02
Low Date 03/18/2020
High 78.08
High Date 02/19/2025
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.