Delta Air Lines: sell signal under observation
Delta Air Lines up 2.8%, but volume doesn't confirm: sell signal stays under review
Delta Air Lines: sell signal under observation
Our view last week
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.
This week's summary
Delta Air Lines stock closes the week up 2.8%, but the rally doesn't convince: volume is contracting, and sellers stayed slightly in control on the last bar — a classic price-volume divergence. The stock is still boxed between a nearby resistance and support, and the Sell signal — now in its third week — remains under observation, without enough conviction for a fresh short entry.
IQS Phase
40
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#113 / 138
US stocks sell signals
Trade P&L %
-3.88%
from signal to date, no stop loss
Rank position
ranks 113th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
DAL belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content