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- 10/16/2026 -
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Southwest Airlines (LUV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversold20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Southwest Airlines (LUV). During the week, the LUV dropped -2.16 points, or -5.18%, and closed at 39.50 on Friday, October 16, 2026. It was the worst weekly loss since August 21, 2026. Weekly volume was -37% 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 (33.44) 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 August 11, 2025 at 28.98 and reached 55.11 on February 17, 2026. LUV gained -26.13 points, or -90.17%, in 27 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (41.40) 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 September 22, 2026 at 43.20 and reached 39.09 on October 14, 2026. LUV lost 4.11 points, or 9.51%, in 22 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

Daily Technical Indicators: [See LUV daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.91% on Friday. It is 54.38% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.92
Williams' Percentage Range (W%R) 55.70
Lane's Stochastic (%D-Slow) 16.30
Oversold
Greed/Fear Indicator (GFI) 31.85
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.64
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 31.80
Greed/Fear Indicator (GFI) 32.38
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 42.76
Parabolic System 41.74
20 Day Moving Average 41.48
Quarterly Trendline Support 41.40
50 Day Moving Average 41.16
Daily Stochastic Crossing 39.67
Weekly Stochastic Crossing 39.56
Price 39.50
Lower Bollinger Band 39.23
Yearly Trendline Resistance 38.32
Yearly Trendline Support 33.44
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Airlines 14
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 43.20
High Date 09/22/2026
Low 39.09
Low Date 10/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.58
Low Date 09/01/2026
High 43.20
High Date 09/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.13
High Date 06/26/2026
Low 37.58
Low Date 09/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 51.41
Support 41.40
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 38.32
Support 33.44
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.