DAL pushes through 100-day moving average
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.
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.
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.
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.
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
|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|
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