DELTA AIR LINES INC. - Daily - Technical analysis published on 04/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 45.90 USD
My targets
48.57 USD (+3.65%)
51.42 USD (+9.73%)
My analysis
DELTA AIR LINES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 45.90 USD. The next resistance located at 48.57 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 51.42 USD. After this resistance, buyers could then target 61.90 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DELTA AIR LINES INC. price is 46.86 USD. On the day, this instrument lost -1.62% and was between 46.09 USD and 46.94 USD. This implies that the price is at +1.67% from its lowest and at -0.17% from its highest.46.09
46.94
46.86
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DELTA AIR LINES INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DELTA AIR LINES INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.92 | 42.48 | 45.90 | 46.86 | 48.57 | 51.42 | 61.90 |
| Change (%) | -23.35% | -9.35% | -2.05% | - | +3.65% | +9.73% | +32.10% |
| Change | -10.94 | -4.38 | -0.96 | - | +1.71 | +4.56 | +15.04 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.47 | 45.78 | 46.32 | 46.63 | 47.17 | 47.48 | 48.02 |
| Camarilla | 46.63 | 46.70 | 46.78 | 46.86 | 46.94 | 47.02 | 47.09 |
| Woodie | 45.59 | 45.84 | 46.44 | 46.69 | 47.29 | 47.54 | 48.14 |
| Fibonacci | 45.78 | 46.11 | 46.31 | 46.63 | 46.96 | 47.16 | 47.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.79 | 43.75 | 45.31 | 47.27 | 48.83 | 50.79 | 52.35 |
| Camarilla | 45.89 | 46.22 | 46.54 | 46.86 | 47.18 | 47.51 | 47.83 |
| Woodie | 41.58 | 43.65 | 45.10 | 47.17 | 48.62 | 50.69 | 52.14 |
| Fibonacci | 43.75 | 45.10 | 45.93 | 47.27 | 48.62 | 49.45 | 50.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.45 | 38.81 | 43.34 | 45.70 | 50.23 | 52.59 | 57.12 |
| Camarilla | 45.98 | 46.61 | 47.24 | 47.87 | 48.50 | 49.13 | 49.77 |
| Woodie | 37.54 | 39.35 | 44.43 | 46.24 | 51.32 | 53.13 | 58.21 |
| Fibonacci | 38.81 | 41.44 | 43.07 | 45.70 | 48.33 | 49.96 | 52.59 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.44 | |
| MACD (12,26,9): | 1.1200 | |
| Directional Movement: | 14.00 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 47.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.60 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 45.63 | |
| Zig ZAG (10): | 46.86 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 50.21 | |
| TEMA (21): | 47.59 | |
| Williams %R (14): | -50.85 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 8.15 |
| MA7: | 46.71 | |
| MA20: | 46.12 | |
| MA50: | 43.24 | |
| MA100: | 41.19 | |
| MAexp7: | 46.87 | |
| MAexp20: | 45.96 | |
| MAexp50: | 43.86 | |
| MAexp100: | 41.92 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +1.60% | |
| Price / MA50: | +8.37% | |
| Price / MA100: | +13.77% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +1.96% | |
| Price / MAexp50: | +6.84% | |
| Price / MAexp100: | +11.78% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on DELTA AIR LINES INC. at the time of the analysis were as follows:
- Delta Air Lines Announces March Quarter 2024 Financial Results
- Delta Air Lines Announces Webcast of March Quarter 2024 Financial Results
- Delta Air Lines to Present at Upcoming Conferences
- Delta Air Lines Declares Quarterly Dividend
- Thinking about trading options or stock in Albemarle Corp, Macy's, Uber Technologies, Alcoa, or Delta Air Lines?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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