Downtrend Broken Resist.Archive
- 9/22/2023 -
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Alaska Air Group Inc (ALK) Technical Analysis
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|It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -1.97 points, or -4.99%, and closed at 37.50 on Friday, September 22, 2023. Weekly volume was 6% above average. |
ALK is a member of Airlines Industry. Airlines is the sixth most oversold industry. 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 April 7, 2021 at 74.25 and reached 37.19 on March 24, 2023. ALK lost 37.06 points, or 49.91%, in 102 weeks. Price is near the trend low.
Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on July 13, 2023 at 57.18 and reached 37.35 on September 22, 2023. ALK lost 19.83 points, or 34.68%, in 10 weeks. Price is near the trend low.
Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 August 11, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See ALK short-term trend chart]
A short-term downtrend had started on September 12, 2023 at 40.89 and reached 37.35 on September 22, 2023. ALK lost 3.54 points, or 8.66%, in 10 days. Price is near the trend low.
Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since September 8, 2023. The distance between MACD and the signal line is low and getting smaller.
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.