DELTA AIR LINES INC (DAL)

US2473617023 - Common Stock

62.56  +1.04 (+1.69%)

After market: 62.56 0 (0%)

Technical Rating and Analysis

9

Taking everything into account, DAL scores 9 out of 10 in our technical rating. In the last year, DAL was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, DAL did better than 91% of all other stocks. We also observe that the gains produced by DAL over the past year are nicely spread over this period.
DAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAL is lagging the market slightly.
DAL has an average volume of 7907790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DAL is part of the Passenger Airlines industry. There are 23 other stocks in this industry, DAL did better than 68% of them.
In the last month DAL has a been trading in the 58.31 - 67.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
DAL Weekly chart
DAL Daily chart
Setup Rating and Analysis

9

DAL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 64.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DAL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

40.28

66.43

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 58.87 to 61.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @43.52 from a trend line in the weekly time frame.
  • Support @40.69 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 64.54 to 65.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.45
Mansfield1.66
10 Day High63.98
10 Day Low58.31
20 Day High67.5
20 Day Low58.31
52 Week High67.5
52 Week Low36.34
Performance
1 Week2.88%
2 Weeks-0.33%
1 Month-2.99%
3 Month21.38%
6 Month31.87%
12 Month55.51%
2 Year90.38%
3 Year60.08%
5 Year6.98%
10 Year27.18%
15 Year449.74%

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.33
RSI(14)53.85
LBB58.62
UBB65.4

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
65.7858.866.92 (10.52%)9.51%
An entry @65.78. This is a Buy Stop order right above the resistance zone.An exit @58.86. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 6.92 points, which is 10.52%.For a 1.00% total portfolio risk, you can invest 9.51% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

DAL Daily chart

DELTA AIR LINES INC

NYSE:DAL (12/24/2024, 8:05:46 PM)

After market: 62.56 0 (0%)

62.56

+1.04 (+1.69%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg1.69%
1 Week2.88%
2 Weeks-0.33%
1 Month-2.99%
3 Month21.38%
6 Month31.87%
12 Month55.51%
2 Year90.38%
3 Year60.08%
5 Year6.98%
10 Year27.18%
15 Year449.74%
Volatility
ATR(14)2.06
ATR(20)%2.93%
ATR Inc-17.88%
Range Today1.68
ADR(20)1.76
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.45
Mansfield1.66
10 Day High63.98
10 Day Low58.31
20 Day High67.5
20 Day Low58.31
52 Week High67.5
52 Week Low36.34
CS1 End61.28
CR1 Start64.54
Volume & EV
DER(3)3.08%
DER(5)0.49%
Volume3.22M
Volume Incr19.8%
Vol(5)8.38M
Vol(50)7.91M