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Airlines

Turning point for UAL?Price action ending 19AUG presents an interesting scenario for NASDAQ:UAL . First, there is clear price divergence with RSI, a bullish indication. Today's candle suggests a (crucial) third touch on a dynamic support level in the 43.00 range, suggestive of a possible upward bounce. Finally, today's candle also presents a double bottom against this rising support level, again a bullish indication. My positions in NASDAQ:UAL have been hammered in recent months, but I'm guessing that eventually the momentum will change direction. Today's candle simply presents one scenario for that change.
NASDAQ:UALLong
by oerboom
(Request by user ktaba) BA: Price is consolidatingPrice broke down down back in mid July and the up trendline supported well. It then retraced to neckline and followed by a small sell off before stabilizing at current price. It seems like price is going to be in consolidation for awhile. Depending on the price action of the consolidation, that will give us a hint on its next move. As price is currently in the middle of a long pennant pattern, I won't be buying or selling yet. However, the other airlines are showing signs of slowing down in the selling pressure. BA seems to be the stronger stock. Therefore, my bias is towards buying should the next few days shows weakness in selling pressure as well. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NYSE:BA
by leslieyimsm
4
Technical analysis update: Lufthansa AG (28th July 2021)In 2020 airlines around the globe experienced one of the worst years in their history due to pandemic crisis and worldwide restrictions on travel and freedom of movement. This had detrimental impact on airlines around the world. Story is no different for Lufthansa AG. Last year German government bailed out Lufthansa AG with 9 billion euros. Subsequently German government gained 20% stake in the company which is supposed to be temporary until LHA gets back on its feet. As part of the bailout deal German government is not allowed to interfere in daily operations of Lufthansa AG. German government having 20% stake in the company suggests relatively lower risk associated with this investement as opposed to other airline investments where no government is involved with the company. Company's stock declined since December 2017 until September 2020 when it reached low of 6.848 EUR per share. Since then price reversed and started to make higher highs and higher troughs. Within last two months divergence between price and RSI became observable. In addition to that RSI, MACD and Stochastics turned bullish. Though, ADX contains low value suggesting that weak or no trend is present. Despite that we think LHA is poised to move higher eventually. In the short term we expect company to move sideways and struggle but in the long term we expect LHA to perform well. We would like to set our long term price target for LHA to 12 euros per share. Divergence between price and RSI: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
XETR:LHALong
by Tradersweekly
Potential Long on JetBLue JBLURecognizing multiple Technical confluences for a potential move long on JBLU 1. We see price following the trend that existed prior to Covid 2. The 100 EMA has dipped below the 200 EMA (sign price may be reversing current trend.) 3. Price has entered a significant Demand Zone 4. Price is respecting the trend lines since the Covid dip 5. The RSI is displaying possible divergence. 6. The MACD is below 30. (Sign price is oversold). Negative Confluences: 1. OUR OBV line is showing a decline in buying volume. 2. Price is still outside the lower, longer (pre-Covid) trend zone. Fundamental Analysis: 1. Earnings expected first week of August. (Price typically declines into earnings). 2. Earnings report for 2nd quarter includes months prior to economic opening. (Earnings may be lower.) 3. Operating Income negative year over year 4. Gross profit change from previous years same quarter show significant loss 5. Economic reports show record travel numbers from July 4th 6. Economy nearly fully opened since roughly June 7. JBLU to start flights from NY to UK in August.
NASDAQ:JBLULong
by ForexDestiny
3
Long Run on Boeing BALooks like BA has reached potential support. Looking for signs of bottom to go long on the 15 min chart and for the 100ema to cross under the 200 on the 4 hour into daily chart to present possible price reversal. Looking for entry around $200 - 190. Take profit around $300 Technical Analysis: Positives: 1. In line with post Covid trendlines. 2. RSI below 30 3. OBV shows slowing of selling 4. MACD around neutral Negatives: N/A Fundamental Analysis: Positives: 1. New drone project expected to raise billions 2. Large United Airline order (200 -737 max) 3. travel increasing as Covid restrictions lift 4. China approval of the MAX will likely happen in the second half of the year. Negatives: 1. Airbus taking market share 2. Chip shortage slowing production and creating backlog 3. declining sales trend for planes 4. China trade relations are a mess * Not trade or investment advice, trade at your own risk.
NYSE:BALong
by ForexDestiny
1
BOEING COMPANY (BA) for long positionSignals Position: long Entry price: 198 Target price: 230 Stop loss: 200 Indicators RSI is very low, better to wait till the price touches the support line around 198. Bullinger bands and Keltner channel are opened, meaning a strong trend. So the price will probably reach the support. Same clues from the MACD . Conclusions Boeing is going to be fine despite the near-term turbulences. Recent weaknesses from the stock is an entry opportunity for long positions and also for long term positions. Clearly from the lines the trend is positive.
NYSE:BALong
by vf_investment
Technical analysis update: LUV (13th July 2021)Southwest Airlines Company experiences correction similarly like Delta Airlines. Graphs of these two companies show high positive correlation. Though there are some differences. In Southwest Airlines Company RSI bottomed out and reversed back above 30 points. MACD and Stochastics show first signs of reversal too. In addition to that LUV did not retrace its recent opening gap. These are all bullish developements for LUV. Because of that we would like to set our short term price target for LUV to 55 USD and our medium term price target to 57.50 USD. Correlation with DAL: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:LUVLong
by Tradersweekly
Technical analysis update: DAL (13th July 2021)Delta Airlines experiences correction for about four months now. ADX continues to climb above 27 points which suggests that trend might be near its peak. In addition to that RSI fails to cross below 30 points. Such phenomenon in RSI tends to correlate with strong bullish trend of higher degree and weak bearish trend of lower degree. MACD and Stochastics remain bearish. Despite that we would like to set our short term price target for DAL to 45 USD and our medium term price target to 47.50 USD. Correlation with LUV: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:DALLong
by Tradersweekly
Decisive moment for UALUAL has been tracing out a choppy symmetric triangle since March 2021, and has also obeyed the key ascending support since the Covid meltdown of Mar-May 2020. UAL is now testing that key support again, and 3 distinct scenarios could play out. (1) Immediate upside bounce, (2) Re-test the $50 support and recover, i.e. false break-down, or (3) fail the re-test and fall into the sub-$50 range. All scenarios end with the same target range of $57-$60, but just have different time horizons. Anyway consider placing your stops somewhere respectful of the "trap" losses at risk in scenario (2).
NASDAQ:UALLong
by oerboom
5
BA Should Hold Support Here BA Current Price $237 Price Target $280 BA $240c 7/9 ($181,2% till breakeven) (Outstanding) Boeing Shares fell sharply on Friday after yet again another plane issue that caused a cargo ship to land in the ocean. Only two people were on board the plane and both have no significant injuries.I think BA will be able to move past this issue and continue to receive more orders and be a beneficiary of the reopening. After the holiday weekend Im expecting big travel numbers which should help a travel stock like BA. Technically on the chart we have a firm support level around $235. We should hold that level and trade up to $245 in the short term.
NYSE:BALong
by Value-Invest