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Archive
- 8/28/2026 -
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Southwest Airlines (LUV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Southwest Airlines (LUV). During the week, the LUV dropped -0.74 points, or -1.83%, and closed at 39.64 on Friday, August 28, 2026. Weekly volume was -46% below average.
 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 (32.88) 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 2, 2026 at 35.73 and reached 53.13 on June 26, 2026. LUV gained -17.40 points, or -48.70%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (43.89) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LUV may retest the broken support line. It is considered to be a resistance line now. 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 LUV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 7, 2026. 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 August 5, 2026 at 49.73 and reached 39.63 on August 28, 2026. LUV lost 10.10 points, or 20.31%, in 23 days. Price is near the trend low.
 Daily Technical Indicators: [See LUV daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish 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 bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since August 7, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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