$DAL Delta Air Lines Inc Stock Robo Analyst June 10 2020 #DAL

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. However, the stock has broken up through an important long-term fibonacci resistance level at 32.69 suggesting the long-term down trend could be turning neutral. If this new level of support at 32.69 holds, look for a move higher to the next resistance level at 38.56.

The stock has support at 32.69 and 27.60. If the stock breaks down through support at 32.69 then it will probably continue lower to 27.60. The stock has resistance at 35.89 and at 38.56. If the stock breaks up through resistance at 35.89 then it will probably continue higher to 38.56. The 200-day moving average is at 46.68. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (89.09)”