SOUTHWEST AIRLINES CO (LUV) Technical Analysis
NYSE:LUV • US8447411088
Current stock price
LUV Technical Rating and Analysis
Taking everything into account, LUV scores 4 out of 10 in our technical rating. Although LUV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that LUV is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, LUV also shows a nice and consistent pattern of rising prices.
- LUV is part of the Passenger Airlines industry. There are 22 other stocks in this industry. LUV outperforms 71% of them.
- LUV has an average volume of 9224330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- LUV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LUV is lagging the market.
- In the last month LUV has a been trading in the 35.73 - 44.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LUV Weekly and Daily overview Charts
LUV Setup Rating and Analysis
LUV has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
LUV Support and Resistance Analysis
24.80
When analyzing the support we can see 5 important areas.
- Support @38.70 from a trend line in the weekly time frame.
- A support zone ranging from 37.35 to 37.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.28 from a horizontal line in the daily time frame.
- Support @35.26 from a trend line in the weekly time frame.
- Support @25.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 40.76 to 41.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.71 to 42.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
LUV Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for LUV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LUV is neutral. |
| ChartMill Relative Strength | 76.61 | POSITIVE | LUV has a high relative strength, it outperformed 76.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LUV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LUV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.67 | NEUTRAL | The RSI value for LUV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.04 | NEUTRAL | The Stochastics value for LUV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for LUV suggests high volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for LUV suggests a possible start of a new trend. |
LUV Chart- and CandleStick Pattern Analysis
LUV Technicals: Chart, Performance Metrics, Trend & Indicators
39.35
-1.57 (-3.84%)
SOUTHWEST AIRLINES CO / LUV TA FAQ
Can you provide the ChartMill technical rating for SOUTHWEST AIRLINES CO?
ChartMill assigns a technical rating of 4 / 10 to LUV.
What is the current trend direction of SOUTHWEST AIRLINES CO (LUV) stock?
The current trend direction for SOUTHWEST AIRLINES CO (LUV) is Bearish.
What is the RSI signal for SOUTHWEST AIRLINES CO (LUV) stock?
SOUTHWEST AIRLINES CO (LUV) has an RSI value of 44.6674. This indicates that the stock is currently neutral.
What is the MACD signal for LUV stock?
The MACD indicator for SOUTHWEST AIRLINES CO (LUV) has a value of 0.392702, indicating a bearish trend.
Can you provide the support and resistance levels for SOUTHWEST AIRLINES CO?
SOUTHWEST AIRLINES CO (LUV) has a support level at 38.7 and a resistance level at 40.76. Check the full technical report for our detailed analysis of LUV support and resistance levels.