$LUV Southwest Airlines Co Stock Robo Analyst June 29 2020 #LUV

Southwest Airlines Co (LUV) “On a long-term technical basis, the stock (LUV) is trading below its 200-day moving average which generally implies it is in a negative trend. The new level of support is at 31.85.

The stock has support at 31.85 and 29.73. If the stock breaks down through support at 31.85 then it will probably continue lower to 29.73. The stock has resistance at 32.50 and at 37.31. If the stock breaks up through resistance at 32.50 then it will probably continue higher to 37.31. The 200-day moving average is at 46.35. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (23.07).”