Delta Air Lines rebounds 1.1% off a double bottom, the sell signal is still in its 2nd week
Delta Air Lines gains 1.1% off a double bottom near 81, the sell signal remains one to watch
Delta Air Lines rebounds 1.1% off a double bottom, the sell signal is still in its 2nd week
Our view last week
After weeks of rallying toward its highs, Delta Air Lines changes course: this week the stock sheds 3.7% and a new sell signal fires, the opening move of a new phase. This weekly technical analysis shows sellers taking clear control of the last bar, while the stock stays boxed between a support and a resistance sitting right on top of each other. Earnings are already behind it: the event risk has passed, but the picture still calls for caution.
This week's summary
Delta Air Lines rebounds 1.1% this week after carving out a double bottom in the 81 area, a strong pattern that has already produced a 19% intermediate rally. The weekly picture still leans bearish, with the MACD deteriorating and the price boxed between a nearby resistance and support. The sell signal is only in its second week: our model still rates it as one to watch, without enough conviction for a new short entry.
IQS Phase
43
ordinary
Signal Strength
15
decline losing steam
Sizing
MINIMUM
Ranking
#115 / 141
US stocks sell signals
Trade P&L %
-1.06%
from signal to today
Rank position
ranks 115th among the 141 sell signals for US stocks in our ranking, with a signal strength of 15 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
DAL belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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