SOUTHWEST AIRLINES CO (LUV)
US8447411088 - Common Stock
Taking everything into account, LUV scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LUV is only an average performer.
In the last month LUV has a been trading in the 31.68 - 36.12 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
LUV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LUV is performing more or less in line with the market.
LUV has an average volume of 7289320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LUV did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
LUV is an average performer in the Passenger Airlines industry, it outperforms 45% of 23 stocks in the same industry.
Besides having an excellent technical rating, LUV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 33.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
26.15
34.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.75 to 33.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 28.44 to 29.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @34.19 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.79
Mansfield0.26
10 Day High34.48
10 Day Low32.35
20 Day High36.12
20 Day Low31.68
52 Week High36.12
52 Week Low23.58
Performance
1 Week0.79%
2 Weeks-2.63%
1 Month4.69%
3 Month14.6%
6 Month17.35%
12 Month12.81%
2 Year-1.16%
3 Year-22.32%
5 Year-38.35%
10 Year-21.36%
15 Year191.16%
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)
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)-0.15
RSI(14)55.8
LBB32.07
UBB34.69
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.20 | 32.74 | 1.46 (4.27%) | 23.42% |
| An entry @34.20. This is a Buy Stop order right above the resistance zone. | An exit @32.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.46 points, which is 4.27%. | When investing 23.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SOUTHWEST AIRLINES CO
NYSE:LUV (12/20/2024, 8:23:09 PM)
After market: 33.29 +0.01 (+0.03%)33.28
+0.5 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg1.53%
1 Week0.79%
2 Weeks-2.63%
1 Month4.69%
3 Month14.6%
6 Month17.35%
12 Month12.81%
2 Year-1.16%
3 Year-22.32%
5 Year-38.35%
10 Year-21.36%
15 Year191.16%
Volatility
ATR(14)0.92
ATR(20)%2.53%
ATR Inc-10.48%
Range Today0.91
ADR(20)0.81
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.79
Mansfield0.26
10 Day High34.48
10 Day Low32.35
20 Day High36.12
20 Day Low31.68
52 Week High36.12
52 Week Low23.58
CS1 End33.12
CR1 Start34.19
Volume & EV
DER(3)-0.4%
DER(5)0.12%
Volume15.02M
Volume Incr18.8%
Vol(5)8.16M
Vol(50)7.29M