SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
NYSE:LUV - New York Stock Exchange, Inc. - US8447411088 - Common Stock
We assign a technical rating of 6 out of 10 to LUV. Although LUV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
LUV is part of the Passenger Airlines industry. There are 23 other stocks in this industry, of which 68% are performing better than LUV.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
LUV 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 LUV is lagging the market slightly.
LUV has an average volume of 6608240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LUV is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month LUV has a been trading in the 31.20 - 34.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, LUV does present a nice setup opportunity. 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 33.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.91, a Stop Loss order could be placed below this zone.
More info and screens
26.47
35.20
We found 4 important support areas.
- A support zone ranging from 31.77 to 32.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.73 from a horizontal line in the daily time frame.
- Support @28.20 from a horizontal line in the daily time frame.
- Support @26.74 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.86 to 34.26. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 34.84 to 34.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.9
Mansfield0.15
10 Day High34.41
10 Day Low31.2
20 Day High34.41
20 Day Low31.2
52 Week High36.12
52 Week Low23.58
Performance
1 Week1.87%
2 Weeks-1.01%
1 Month2.46%
3 Month13.05%
6 Month22.18%
12 Month10.57%
2 Year-6.99%
3 Year-25.67%
5 Year-39.49%
10 Year-26.36%
15 Year193.65%
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)-0.13
RSI(14)52.51
LBB32.05
UBB34.09
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 |
|---|---|---|---|
| 34.27 | 31.76 | 2.51 (7.32%) | 13.65% |
| An entry @34.27. This is a Buy Stop order right above the resistance zone. | An exit @31.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.51 points, which is 7.32%. | For a 1.00% total portfolio risk, you can invest 13.65% 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.
SOUTHWEST AIRLINES CO
NYSE:LUV (1/21/2025, 8:12:46 PM)
Premarket: 33.5 +0.23 (+0.69%)33.27
+1.17 (+3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg3.64%
1 Week1.87%
2 Weeks-1.01%
1 Month2.46%
3 Month13.05%
6 Month22.18%
12 Month10.57%
2 Year-6.99%
3 Year-25.67%
5 Year-39.49%
10 Year-26.36%
15 Year193.65%
Volatility
ATR(14)0.93
ATR(20)%2.56%
ATR Inc-4.19%
Range Today0.99
ADR(20)0.79
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.9
Mansfield0.15
10 Day High34.41
10 Day Low31.2
20 Day High34.41
20 Day Low31.2
52 Week High36.12
52 Week Low23.58
CS1 End32.91
CR1 Start33.86
Volume & EV
DER(3)2.14%
DER(5)2.25%
Volume8.09M
Volume Incr38.11%
Vol(5)8.17M
Vol(50)6.61M