LUV trade ideas
SWA is tapping prior ATH with support showingAfter the terrible winter disruptions, it looks like SWA is finding a bottom on prior ATH areas. Does the dividend warrant buying into this terrible service provider who is just as bad as the rest of the industry?
LUV Q2-Q3 2023, 3d chartSouthwest airlines, been on a big down trend, approaching a pivotal price area. Publishing this to keep an eye out for the coming few months. My expectation is for this to do a mini-dead cat bounce before revisiting the low 20s.
LUV - BEARISH SCENARIO For Q1 2023, operating revenues are now expected to rise in the 21-23% range compared with the 20-24% year-over-year growth estimated earlier.
However, LUV continues to expect a negative revenue impact in the $300-$350 million band in the first quarter of 2023, primarily limited to January and February, due to operational disruptions in December 2022.
The downtrend which started back in April 2021 seems to continue.
The next price target is located at the $ 23-25 support level.
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Southwest Airlines Company (LUV) 1W1W Chart, Southwest Airlines Company (LUV) :
MACD : Has been under the histogram since September, 2021, with two attempts to break through the surface, one third move up, should break the ice...
RSI : Has been moving into a band between 31.00 and 55.00
PRICE : Has been steadily moving up after bouncing twice around $30, testing the 100MA signal resistance below the 200MA both signals moving south, allowing space to meet both 100MA Signal and Price around the $36 to test it and eventually keep moving up to test the 200MA resistance around the $40, which is the optimistic approach.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
Today this ticker has a Volume of 80K. Market Cap of 17.9B.
This Company PAYS DIVIDENDS TO SHAREHOLDERS (DIVIDENDS YIELD 2.39%)
Southwest Airlines Co. engages in the operation and management of a passenger airline. The firm also offers ancillary services such as early bird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. It operates in the United States, the Commonwealth of Puerto Rico, Mexico, Jamaica, the Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company was founded by Rollin W. King and Herbert D. Kelleher on March 9, 1967, and is headquartered in Dallas, TX.
Good Luck!
Gráfico de 1 Semana, LUV"]Southwest Airlines Company (LUV) :
MACD : Ha estado bajo el histograma desde septiembre de 2021, con dos intentos de romper la superficie, con un tercer movimiento hacia arriba, debería romper el hielo...
RSI : Ha mantenido un movimiento dentro de la banda 31.00 & 55.00
PRECIO : Ha estado subiendo constantemente después de rebotar dos veces alrededor de $30, probando la señal de 100MA por debajo de los 200MA, ambas señales se mueven hacia el sur, lo que permite un espacio para que ambos se encuentren: la señal de 100 MA y el precio alrededor de los $36 para probar su resistencia y, finalmente, seguir subiendo para probar la resistencia de la señal de 200MA alrededor de los $40, que es el enfoque optimista.
"En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a tener razón nueve de cada diez. Descubrí que cuando el mercado está cayendo y compras fondos sabiamente, en algún momento en el futuro serás feliz. Nunca verás un anuncio que diga: "Ahora es el momento de comprar".
Hoy este ticker tiene un Volumen de 80K. Market Cap 17.9B.
Esta Empresa PAGA DIVIDENDOS A LOS ACCIONISTAS (RENDIMIENTO POR DIVIDENDO 2.39%)
Southwest Airlines Co. se dedica a la operación y administración de una aerolínea de pasajeros. La firma también ofrece servicios auxiliares como check-in anticipado, embarque mejorado y transporte de mascotas y menores no acompañados. Opera en los Estados Unidos, el Estado Libre Asociado de Puerto Rico, México, Jamaica, las Bahamas, Aruba, República Dominicana, Costa Rica, Belice, Cuba, las Islas Caimán y las Islas Turcas y Caicos. La empresa fue fundada por Rollin W. King y Herbert D. Kelleher el 9 de marzo de 1967 y tiene su sede en Dallas, TX.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
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[LUV] Hypnotize of the born of a local growing trendIdea:
Confirmation of the emergence of a growing trend
SL < 33.08 or 33.39
Fundamentals:
- Pro: Low debt to eq
- Pro: GM, P/E, RoE - normal
- Con: P/E > 40
Technical:
- Pro: Fallen trend may change to growing
- Con: 34.18 level is strong
Possible Break of LUV's TrianglePrice has been consolidating in the triangle pattern since October. The ADX is staring to rise above 20 independent of price action so something is about to happen. This can break either way, but we are close to historical support after a long down trend.
Not financial advise.
LUV - ShortLUV- short
technical only:
As you can see in the chart, the stock met with resistance
line of the lower highs.
Today we received a breakdown of short-term shuffling, which gave me the confidence to enter a short trade.
My first target would be $33.85
Second target: $33.05
Below 36.09 the transaction will be more dangerous for me and I will exit with a stop.
This is not a recommendation!
Anyone who uses this post is at their own risk
$LUV with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $LUV after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$LUV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LUV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
LUV | Take Off Bounce | OversoldSouthwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
LUV ~ Swing Trade LongSouthwest Airlines, helluva airline stock has taken a massive hit during this WideSpread Bear Market. Just recently LUV has seen further selloff to levels seen at the COVID Crash Bottom.
Major Support is definitely coming in here, and Demand is heavy. Buyers are and will step in at these prices certainly as the company is not failing... yet lol.
With this in mind, we can be assured, some support is definitely in place at these levels for LUV.
Now to the Real Technicals...
- Bit of a Diamond Pattern forming, and it is breaking toward the upside.
- Retested the 9 ema cloud just today, resulting in a solid healthy pullback following this zone break upwards.
- TTM_Squeeze signaling Bearish Momentum Fading on the Daily, Weekly, and coming Monthly.
- Candle over Candle, with the retest 10/17 (today)
- Relatively strong in the markets past few weeks, discluding today.
- Could see a little bit of an inverse H&S action if you look close enough!
Cons :
Earnings 10/27 can get in the way of this Technicals-Focused Swing Trade
If we dont get break above, this could be printing a clear Bear flag... Otherwise, a good play to the downside!!
Thesis :
A break of 33.4 area could be explosive up to the previous zone area of the higher $30s
Long > 33.4 line break
Options Swing far out could be the play here or shares.
**Just for putting on your radar, I think the setup is nice!**
QuickTrade n. 175 : LUVLong, looking for a continuation with test of previous highs
Short, looking for a bearish cross with test on the 250h
$LUV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LUV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
More Downside in Southwest?The S&P 500 just closed at its lowest level in about two months. Southwest Airlines, on the other hand, ended last week at its lowest price in over two years . Is that a sign of incipient weakness in the carrier?
This chart shows the series of lower highs since the spring. LUV held roughly $35 over this time, resulting in a potentially bearish descending triangle. Prices managed to bounce at this level in July, which could make sellers more aggressive if the shares continue lower this week.
Next, consider how the stock hit resistance at the 50-day simple moving average (SMA) in July, August and September. That could suggest its trend remains downward.
Finally, this chart includes our 2 MA ratio custom study. The default settings of 8-day exponential moving average (EMA) and 21-day EMA are shown. Notice how the fast EMA has been under the slow EMA for the last month. That could suggest short-term momentum remains bearish.
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A good time to buy LUVI used the swing low/signal candle strategy to confirm the break and close above for buy opportunity. Market has been ranging, somewhat making higher highs. There's a gap higher up that will eventually get filled.
$LUV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LUV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
Looks like reversalThere is a strong reversal price action at the top of the channel.
False break has reached for liquidity above. This should fuel shorts for some time now.
#LUV inverted head and shoulders playsecond air line play i find on the daily chart with an inverted head and shoulders pattern you can also check out #UAL if confirmed that would main a 19% possible future gain for #LUV putting it up in the low $60's either way i will be watching both of these plays heading into earnings for the next q's guidance as summer usually means more money for people wanting to travel with inflation and sky rocketing fuel cost i know for a fact prices have already doubled normal flights from PHX to SD are normally $75 - $55 one way are currently now going for the cheapest around $150 so it will be interesting to see the guidance they provide as it might give a good insight into their expectations as we head into the second half of 22
$LUV Key Levels, Analysis & Targets - Request$LUV Key Levels, Analysis & Targets
Target 1 & 2 really aren’t that far away. And it could hold at that EMA line. But if it doesn’t there’s two additional targets below it. And you should be able to take a good 20% swing here if you average in right, even if just the first two hit... If all 4 hit I'd be going for 25%… Hope this helps.
GL & happy swinging…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Buy Southwest Airlines (LUV) at 44$-44.5$ to target 47.5$-48$Buy Southwest Airlines at market (probably 44$-44.5$ range) than w8 some days to sell at 47.5$-48$
