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Advanced TA SearchArchive
- 9/13/2024 -
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Delta Airlines (DAL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Delta Airlines (DAL). During the week, the DAL gained 3.15 points, or 7.49%, and closed at 45.18 on Friday, September 13, 2024. DAL was trading at average weekly trading volume.
 Long-term trend: [See DAL long-term trend chart]
A long-term uptrend had started on May 14, 2020 at 17.51 and reached 53.86 on May 13, 2024. DAL gained -36.35 points, or -207.60%, in 208 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 34.23 and resistance is at 48.57. 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 long-term trend.
 Medium-term trend: [See DAL medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 30.60 and reached 53.86 on May 13, 2024. DAL gained -23.26 points, or -76.01%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (54.48) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 21, 2024. 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 August 7, 2024 at 37.29 and reached 46.55 on September 12, 2024. DAL gained -9.26 points, or -24.83%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 August 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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 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.
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