|
|
Archive - 4/26/2024 - Sign In to see current Signals. |
Alaska Air Group Inc (ALK) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -1.05 points, or -2.33%, and closed at 43.96 on Friday, April 26, 2024. ALK was trading at average weekly trading volume. ALK 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 ALK long-term trend chart] A long-term downtrend had started on July 13, 2023 at 57.18 and reached 30.75 on November 1, 2023. ALK lost 26.43 points, or 46.22%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (36.66) 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 ALK medium-term trend chart] A medium-term uptrend had started on November 1, 2023 at 30.75 and reached 46.15 on April 22, 2024. ALK gained -15.40 points, or -50.08%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (37.74) 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 medium-term trend. Weekly Technical Indicators: [See ALK weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 January 17, 2024 at 33.24 and reached 46.15 on April 22, 2024. ALK gained -12.91 points, or -38.84%, in 96 days. The chart has formed a Broadening Ascending Wedge chart pattern. Daily Technical Indicators: [See ALK daily technical indicators chart] Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is above its signal line since April 17, 2024. 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.
| |
|
|
|
|
Daily Oscillators |
|
Weekly Oscillators |
|
Trading
Signals |
|
|
Sector and
Industry |
Description |
Name |
Rank |
Sector |
Industrials |
8 |
Industry |
Airlines |
81 |
|
Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Low |
33.24 |
Low Date |
01/17/2024 |
High |
46.15 |
High Date |
04/22/2024 |
|
Weekly Trend |
|
Description |
Value |
Direction |
Up |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
39.65 |
Support |
37.74 |
Low |
30.75 |
Low Date |
11/01/2023 |
High |
46.15 |
High Date |
04/22/2024 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
29.56 |
Support |
36.66 |
High |
57.18 |
High Date |
07/13/2023 |
Low |
30.75 |
Low Date |
11/01/2023 |
|
Quarterly Trend |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
74.25 |
High Date |
04/07/2021 |
Low |
30.75 |
Low Date |
11/01/2023 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
101.43 |
High Date |
03/01/2017 |
Low |
20.02 |
Low Date |
03/18/2020 |
|
|