DAL pushes through 100-day moving average


Delta Air Lines (DAL) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
DAL pushes through key resistance level
DAL pushes through 100-day moving average
DAL rises to highest close since March 29th
DAL closes within previous day's range
TQ Sentiment
Report Sentiment: 40% Bullish
Technical Forecast:
Overview

DAL ended Monday at 54.30 gaining $1.38 (2.61%). Today's closing price of 54.30 marks the highest close since March 29th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for DAL
Volatility

Monday's trading range was $1.57 (2.95%), that's slightly above last trading month's daily average range of $1.52. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Breaking through the key resistance level at 54.08 today, it is now likely to act as support going forward. Prices are trading close to the key resistance level at 55.22.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market managed to break above the 100-day moving average at 54.29 today for the first time since April 5th.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Delta Air Lines
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Black Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

DAL breaks below prior session low

Jul 20, 2018
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