Southwest Airlines Losing Some LUV?

On March 30, 2017 Southwest Airlines Co. (LUV) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 94 times. When this happens, the stock does not always continue to drop. It has a median gain of 3.775% and maximum gain of 52.802% over the next 10 trading days.

When we take a look at other technical indicators, the relative strength index ( RSI ) is at 47.8715. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction.

The true strength index (TSI) is currently -5.0019. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down.

The negative vortex indicator ( VI ) is currently 1.0680. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but the positive vortex indicator is climbing and the negative indicator is beginning to drop.

Considering the moving average crossover, RSI , TSI, and VI levels, the overall near-term stock direction appears to be slightly trending downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.86% over the next two weeks. The stock recently broke out of its upward trend channel and has entered a narrower down channel . The exact width of the current channel is still to be determined. There is noticeable support around 51.75 which could be met in the near-term.
Expand Your Knowledge
-Elliott Wave Ideas (
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar