>>> Join us to access robo analyses for over 16,000+ stocks! <<<
Delta Air Lines Inc (DAL) “On a long-term technical basis, the stock (DAL) is trading below its 200-day moving average which generally implies it is in a negative trend. If the new level of support at 26.24 holds, look for a bounce to the next resistance level at 26.60. If the stock breaks up through resistance at 33.21 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.
The stock has support at 26.24 and 24.17. If the stock breaks down through support at 26.24 then it will probably continue lower to 24.17. The stock has resistance at 26.60 and at 27.97. If the stock breaks up through resistance at 26.60 then it will probably continue higher to 27.97. The 200-day moving average is at 40.88. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (22.74), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<