$DAL Future Possibilities Looks like a slow-moving stock. Probably will reject at resistance at $37-$38 and move back into the low 30s. If a breakout occurs, $45 is the next area of resistance
DAL trade ideas
Delta posts $735 million profitDelta predicted that third-quarter revenue will be 1% to 5% higher than in the same quarter of 2019, even though it expects passenger-carrying capacity to be no more than 85% of 2019 levels — a sign that Delta expects higher fares to remain in place.
Delta Air Lines Price Target Is Above 50 per share.
DELTA AIR LINES -BUY OPPORTUNITYDelta Airlines Inc is still in a downtrend that started more than two years ago.
The breakout of the support level was not successful, and the price is now heading to the resistance level, giving us a good buy opportunity into the price channel, with a good risk-reward ratio.
The next target is located at $ 40 which is located at the 0.5 Fibo crossed with the major resistance
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DAL options ahead of earnings If you haven`t bought the previews bull run:
then ahead of earnings I would buy the following Delta Air Lines, Inc. (DAL) calls:
2022-7-15 expiration date
$29.44 entry price approximatively
$31.5 strike price
$0.37 premium/share
Looking forward to read your opinion about it.
Delta triangles guide price actionNYSE:DAL
Testing Twitter integration. Looking for feedback on the symmetrical wedge pattern similar to the historical example. If the pattern repeats, it appears to be a reduction of volatility until some time near the funnel when a breakout may occur with significant velocity. The direction in the past was positive, but I suspect this version may have a negative skew derived from the negative sentiment in the overall economy. Now there is too much demand for airlines to satisfy but the prevailing sentiment is that demand will soon cool significantly from the Fed raising rates and the consumer tightening their disgressionary and travel budget.
Delta Air Lines Continues to FallFor training purposes only. Not Financial Advice. Remember to always trade your Plan.
DAL Double Bottom Along TrendlineDAL is trying to form a strong uptrend with these double bottoms, once this one develops the trendline will also become more apparent
This is the Weekly chart
DAL 46.64 ShortFundamental Analysis
With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent Covid variants causing havoc.
Technical Analysis
Price volatility since last year month-to-month.
Price is in a downtrend at resistance level of 46.64.
Widening channel with no breakout creating lower lows in the price without higher highs. This is a bearish trend in the near term.
MACD is flat near the zero line.
RSI level at 51.80. A breakout here can signal a potential upward momentum, however confirmation with a breakout at 46.46 is also needed.
Stochastics showing mixed readings so it's not valid.
Fibonacci retracements showing lows have retraced to 23.6 while resistance at 61.8 level has remained steady.
Candlesticks showing that every time there has been a push to the upside, a doji star has confirmed a reversal on several occassions.
5/4/22 DALDelta Air Lines, Inc. ( NYSE:DAL )
Sector: Transportation (Airlines)
Market Capitalization: $28.111B
Current Price: $43.85
Breakout price: $44.75
Buy Zone (Top/Bottom Range): $43.50-$41.20
Price Target: $47.00-$48.70(1st), $51.80-$52.70 (2nd)
Estimated Duration to Target: 37-39d (1st), 86-89d (2nd)
Contract of Interest: $DAL 6/17/22 45c, $DAL 9/16/22 45c
Trade price as of publish date: $1.93/contract, $4.09/contract
DAL around 62 in summerrevenue in summer maybe will be in highest number .
my idea is just probability.
DELTA WITH nice opportunity to go long mid termExpecting a new rebalance before a new reacummulation of new longs mid to long term on Delta.
$DAL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DAL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
DAL Falling Expanding WedgePotential continuation with confirmations from the MACD histogram.
Will post updates along with targets if there is a breakout.
Delta Air Lines, Inc mark upDelta Air Lines, Inc., typically referred to as Delta, is one of the major airlines of the United States and a legacy carrier. One of the world's oldest airlines in operation, Delta is headquartered in Atlanta, Georgia.
Stock Analysis: DALBig Picture
Price action has been climbing off the lower low of March 7th; currently in sideways consolidation with a series of large bullish engulfing candles.
Price action has run into our 42.71 resistance area. Price needs to break above the Feb 14th high to make a higher high.
As we breakdown the price action layers we see that the price ran into our supply area after a series of two gaps. I would be expecting some retracement back towards the 41.50 - 41.00 based on the psychology of the candles.
38.68 would be the ideal downside target and that would also close some of the recent gaps; however leaving one open around the 33 area.
Could be setting up for some short positions. Despite the economy opening up and the mass assumption that 'demand' will be of major significance it throws caution to the wind that 'some' may decide to utilize other means of transportation; especially with the continuous rounds of flight delays and cancellations due to staffing shortages, hours of waiting on the phone to speak to someone, inflation continuing to climb, and incomes being tested with everything around them slowly eating into their buying power. This may also cause some families to put off vacations in general to a later time or reduce the duration of travels, etc.
There could be some shorting opportunities on both intraday and swing day outlooks within the ranges above; feel free to annotate your charts
Distance between Price and Moving Averages:
SMA20
11.02%
SMA50
9.91%
SMA200
6.18%
DAL all time high demandDelta CEO Ed Bastian: "Over the last five weeks we’ve experienced the highest level of sales and booking activity at any time in our history...I think it’s going to be a very strong summer travel period for us going forward."
My price target is $47.50.
Looking forward to read your opinion abut it.
Delta Air Lines (NYSE: $DAL) Set For Upwards Rally! ✈️Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
DELTA AIR LINES - POSSIBLE BREAKOUTDelta Air Lines is near the major resistance level ahead of the earnings release. The release of Q1 is expected today before the market opens. Better than expected results will be the catalyst for a retest of the resistance level. If a breakout occurs the next stop for DAL is the $45 level. Unsatisfying results will trigger new sales and the price will continue its move into the downtrend.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
$DAL - Can it break out?Delta has been in descending channel. The price is close to upper channel trend line. If the price breaks above $41, the pattern breakout is confirmed and the price could reach $50.
However, the price has failed to break above $44 prior 3 times, so it would be prudent to take profit around that area.
There is a risk that trend line rejection can happen and the price could revisit $35.
Target 1 - $ 41
Target 2 - $44
Target 3 - $50
Risk - Failed to break above $40 and retrace to $35.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
DAL, We need signal to take positionHello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position.
Everything is shown on chart, If you have question send us messages
Good Luck
Abtin
