Sell signal, week 7: earnings just ahead
Delta Air Lines slips 1% and heads into October 9 earnings boxed in a narrow corridor
Our view last week
A week of recovery for Delta Air Lines stock: up 6.7%, with 91% of volume on the buy side and money flow rising for 3 weeks. This time price is following the buyers, and the daily price action shows a bounce off the 20-day moving average, in the 82 area, with a 4% rebound. The close and the Inversion Point, in the 85 area, have already crossed with no change of sign declared: one to watch in the coming sessions. A name among US stocks worth tracking closely.
This week's summary
After last week's 6.7% recovery, Delta Air Lines gives back 1% and stalls right at the Inversion Point, in the 84.7 area. The picture is a standoff: money flow stays positive but has stopped rising, the ADX has been falling for 7 weeks and the weekly MACD is still below its Signal line. For Delta Air Lines stock the real test is the October 9 earnings report: the sell signal is still in place, and the price action will show which way this range resolves.
IQS Phase
57
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#155 / 175
US stocks
Trade P&L %
-2.04%
from signal to date, no stop loss
Delta Air Lines (DAL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 155th among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
DAL belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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