SOUTHWEST AIRLINES CO (LUV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LUV - US8447411088 - Common Stock
Overall LUV gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LUV is showing a nice and steady performance.
LUV has an excellent technical rating, but the quality of the setup is only medium 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
24.80
When analyzing the support we can see 6 important areas.
- A support zone ranging from 40.47 to 41.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.64 from a trend line in the daily time frame.
- Support @31.69 from a trend line in the weekly time frame.
- Support @30.98 from a trend line in the daily time frame.
- Support @29.06 from a horizontal line in the daily time frame.
- Support @25.05 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for LUV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LUV is up. |
| ChartMill Relative Strength | 86.67 | POSITIVE | LUV has a high relative strength, it outperformed 86.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LUV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LUV is above the rising 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) | 73.54 | OVERBOUGHT | The high RSI value suggests LUV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests LUV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.32 | NEUTRAL | The Stochastics value for LUV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for LUV suggests some volalility. |
| Average Directional Index/ADX (14) | 39.63 | POSITIVE | The high ADX value value for LUV suggests a strong trend. |
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 |
|---|---|---|---|
| 43.55 | 40.46 | 3.09 (7.10%) | 14.09% |
| An entry @43.55. This is a Buy Stop order right above the 10 day high. | An exit @40.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.09 points, which is 7.10%. | When investing 14.09% 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.
41.26
+0.53 (+1.3%)
SOUTHWEST AIRLINES CO / LUV FAQ
Can you provide the ChartMill technical rating for SOUTHWEST AIRLINES CO?
ChartMill assigns a technical rating of 9 / 10 to LUV.
What is the trend direction for LUV stock?
The current trend direction for SOUTHWEST AIRLINES CO (LUV) is Bullish.
What is the RSI signal for LUV stock?
SOUTHWEST AIRLINES CO (LUV) has an RSI value of 73.5371. This indicates that the stock is currently overbought.
What is the short term momentum for LUV stock?
The short term momentum for SOUTHWEST AIRLINES CO (LUV) is positive.
What is the support and resistance level for LUV stock?
SOUTHWEST AIRLINES CO (LUV) has a support level at 41.25. Check the full technical report for our detailed analysis of LUV support and resistance levels.