Delta Air Lines: fresh sell signal
Delta Air Lines drops 7.8% as the MACD breaks bearish after 15 weeks
Our view last week
Delta Air Lines stock slips 2.2% this week and sellers regain control on the final weekly bar: after last week's unconvincing rally, the tone turns cautious again. On the daily chart, though, the sequence of higher lows from the 81 area to the 88 area hasn't broken. The buy signal, triggered last week, closes its first confirmation week lower, and our model suggests holding the position unchanged: the price is still hugging its highs, already tested multiple times.
This week's summary
Delta Air Lines stock slips 7.8% this week and the picture flips: seven days ago it was still a buy signal in confirmation, now it's a fresh sell signal, fifth by strength among the 93 US stock sell signals. Sellers dominated the last bar to an extreme and the stock has entered a distribution phase, with the weekly MACD just dropping below its signal line after 15 weeks above it. Weekly technical analysis flags trading as not recommended for a fresh entry.
IQS Phase
60
ordinary
Signal Strength
89
decline starting to make lower lows
Sizing
STANDARD
Ranking
#5 / 93
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 5th among the 93 sell signals for US stocks in our ranking, with a signal strength of 89 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
DAL belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
restricted Platinum content