SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk in a falling wedge with episodic trends up in the wedge. At present price is at the longer support trendline of that wedge. Relative strength reflects an oversold and undervalued condition. The Fisher transform shows a curling up suggestive of the reversal. I will take...
As Southwest Airlines ( NYSE:LUV ) charts a course through turbulent times in the aviation industry, the iconic carrier is contemplating a radical overhaul of its boarding and seating policies. In a bid to address operational challenges and enhance revenue streams, CEO Bob Jordan has hinted at sweeping changes that could revolutionize the passenger...
LUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 % into a bear flag and support followed by a narrow range consolidation and a volatility squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks and open seating. The NR7 indicator on watch was firing continuously. I am taking a long...
AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then consolidated in a tight range and then a retracment trend up. Price has reached the top of the high volume area of the volme profile. It is near to the standard Fibonacci retracement zone tooled onto the chart. This zone from above rejected price on March 7 and...
Southwest Airlines ( NYSE:LUV ) finds itself navigating through stormy skies as it grapples with the cascading effects of Boeing's ongoing challenges. The airline, renowned for its efficiency and customer-centric approach, has been forced to implement drastic measures, including a hiring freeze and capacity cuts, in response to disrupted aircraft deliveries from...
Fundamentals Analysis 1. NYSE:LUV announced a quarterly dividend of $0.18 per share, payable on January 6, 2024, to shareholders of record on December 20, 2023. 2. NYSE:LUV faced a regulatory action from the Federal Aviation Administration (FAA), which proposed requiring Boeing 737 operators to replace certain fan blades after a fatal incident involving a...
Analyzing the options chain and the chart patterns of LUV Southwest Airlines prior to the earnings report this week, I would consider purchasing the 25usd strike price Calls with an expiration date of 22024-6-21, for a premium of approximately $2.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
LUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which...
LUV has been in the downtrend and it's approaching the key level. Expecting reversal soon Entry , target and stop loss are shown on the chart!
For Q1 2023, operating revenues are now expected to rise in the 21-23% range compared with the 20-24% year-over-year growth estimated earlier. However, LUV continues to expect a negative revenue impact in the $300-$350 million band in the first quarter of 2023, primarily limited to January and February, due to operational disruptions in December 2022. The...
AAL is shown here on a one hour chart with anchored VWAP bands shown. The anchoring is set for the beginning of the year. Based on the price action drawn in are support and resistance zones. When price is one or more standard deviations below the mean VWAP, the stock is undervalued and institutional buyers will set buy orders. ( Short sellers will...
Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%....
$LUV Key Levels, Analysis & Targets Target 1 & 2 really aren’t that far away. And it could hold at that EMA line. But if it doesn’t there’s two additional targets below it. And you should be able to take a good 20% swing here if you average in right, even if just the first two hit... If all 4 hit I'd be going for 25%… Hope this helps. GL & happy swinging…...
The airlines sector has been strongly impacted during the Covid 19 crisis which resulted in slump of most aviation related stocks. Over the past two years, this sector has been lagging behind the rest of the economy as a result of persisting lockdowns, travel restrictions and other health related mandates. Although, some countries such as Italy, Great Britain,...
Buy Southwest Airlines at market (probably 44$-44.5$ range) than w8 some days to sell at 47.5$-48$
Airlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish...
Pandemic + jet fuel prices + selling pressure will take a toll on the airlines! In these weekly charts, it is clear that major airlines already are in a Downward channel, and they will retest their previous supports which could be another 10-15% correction in the coming weeks! You can see the most important support(green line) and resistance (red line)...
Long LUV above 46, currently accumulating among the 50EMA, same trend as last week upon accumulating on the 20EMA.