0QZ4 trade ideas
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 $45 level. Unsatisfying results will trigger new sales and the price will continue its move into the downtrend.
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$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
DAL PutI really like DAL under 33.23. RSI is extremely overbought and needs to breathe. Either we keep strength going today and don't hit entry or we flood and puts print
Delta Airlines Gap FillLooking at the current state of the market, world events, increasing of oil and precious metals, the overall market looks like it wants to continue a downtrend.
There's a gap set on May 22 and May 26, 2020 that has yet to be filled. The potential bear market can bring Delta towards that gap to fill it, then back up to fill other gaps above.
Let me know what everyone thinks!
DAL - Bullflag breakout
Still need to clear 46, before going all in, but all checks all the boxes for reversal to the long side.
Pullback from 46, would the best way to go long IMO.
Inverse Head and ShouldersPrice has broken the neckline. This pattern is not valid until the neckline is broken. There is always the possibility of a retest of the neckline. Before broken, the neckline was resistance. Now that it is broken it becomes a source of support.
Possible stop below 39.20.
No recommendation
$DAL - Descending channel breakout playDelta airline has been in a descending channel and it is currently heading towards the upper trend line of the channel. If the price breaks above $44, the pattern breakout is confirmed and could travel further up to $54 area.
Target 1 - $44
Target 2 - $54
Risk - Rejected from trend line and revisit $35 area.
Traders should raise the stop loss as the price travels upwards.
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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.
