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Advanced TA SearchArchive
- 4/26/2024 -
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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 -2.35 points, or -8.00%, and closed at 27.03 on Friday, April 26, 2024. Weekly volume was 97% above average.
LUV is a member of Industrials Sector. Industrials is the second 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 downtrend had started on April 14, 2021 at 64.75 and reached 21.91 on November 1, 2023. LUV lost 42.84 points, or 66.16%, in 133 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (17.37) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See LUV medium-term trend chart]
A medium-term downtrend had started on February 22, 2024 at 35.18 and reached 26.00 on April 25, 2024. LUV lost 9.18 points, or 26.09%, in 9 weeks. The price is now at the 11.22% retracement level.
 Weekly Technical Indicators: [See LUV weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 22, 2024 at 29.97 and reached 26.00 on April 25, 2024. LUV lost 3.97 points, or 13.25%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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