$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 83.33%.
DAL trade ideas
limit buy entrylike this for a retracement soon...i'll look to buy in the grey zone and sell around 33
New LOWS incoming for DALRelax, let the market do its thing. We will fill up that gap on the $45'ish and rebalance from previous COVID levels. The entire market is at a discounted rate. Look at previous predictions on my portfolio. This is a matter of time.
HAPPY TRADING !!!
DAL daily bullish hammer with RSI divergenceOrder BUY DAL NYSE Stop 28.50 LMT 28.50 will be automatically canceled at 20230401 01:00:00 EST
DAL daily bullish hammer with RSI divergence in the end of wave 5 of wave 3 downtrend. Take profit at 50% Fibonacci retracement.
DAL - Delta Airlines (Analysis)Delta Airlines approaching descending meaningful support in the mid-$20 handle, a weekly settlement below the descending BLACK bottom channel support structure by 1%+ could potentially offer us a shorting opportunity into the mid-teens ... I'll be watching this for a desirable set up should it transpire. If it does, I'll create and publish a NEW idea.
DAL daily bullish hammerDAL daily bullish hammer at support. Gotta be quick, countertrend. Probably wave 4 of wave 3 downtrend.
Mr. Wonderful KnewThis idea is a study of the top 4 US Airlines compared to inflation rates.
I still vividly remember the day I decided to learn about markets and economics.
It was the Friday after markets closed on January 29th, 2021 and Kevin O’Leary (Mr. Wonderful) was on CNBC debating the so called reddit short squeeze of gamestop with MA Sec of State William Galvin.
With Mr. Wonderful as a template I followed his investment ideas. In March of 2021, O’Leary was on CNBC again, this time explaining why investors should be short airlines.
That was at the Head in this head and shoulder pattern forming on US airlines.
O’Leary was shorting Airlines because he believes the office and business paradigm shifted to virtual so seamlessly during covid that in the future, businesses will not justify flying to see clients for business meetings when everything can be done virtual saving all the costs.
His short idea was coming during extreme Quantitative Easing from the FED and Airlines were rallying with every other equity in the markets.
But in the end he was right. Since March 2021 to the neckline of my ideas H&S, US airlines are down 45% in 1 year.
So why is inflation such a strong indication of what airline prices will do?
Because ~50% of Americans will stop paying for air travel as the first cost saving measure in hard economic times.
Inflation has been trending higher for over 15 years in a diverging pattern towards the 100Y trend of 3.52 inflation year over year.
My speculative outlook on airlines is short for the foreseeable future until inflation makes it down to the feds target of 2%.
Expect economy airlines like LUV to perform better than the other traditional airlines during this time as passengers look for the best deals.
If you like this idea, hit the boost and bookmark the idea for future updates. I plan to add my options strategies for the short and provide monthly CPI updates
DAL 1D MCAS System Malfunction Pull UP...Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.
Delta Airlines buy signalDAL has been trending up this summer, and this trend should continue. This is because price remains above the trendline and there was a clean bounce off it yesterday.
$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
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.
