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Airlines

Boeing: Will it fill the Gap next week? What's next?It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap. The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap. It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:BALong
by InvestingScope
3
Look for gains in Delta (DAL)When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15 AM PST. Major changes (in relation to breaking resistance zones/trends) will end FOR SURE at 8:30 AM PST.
NYSE:DALLong
by UnknownUnicorn4498547
United Continental Holdings Inc (UAL) - Head and Shoulders SHORTAirline stocks have been poor performers, despite the short term pullback in crude oil recently experienced. UAL's peers seem to be in an downtrend and with the formation of the head and shoulders formation, any break of the neckline would indicate a short. Additionally on the chart above we have the MACD turning negative , RSI falling and a daily squeeze pushing to the downside. Previously similar price action has played out with price breaking from $86.00 and finding support at $78.00
NASDAQ:UALShort
by mmac8
Consider buying DLAKY Good opportunity here to see price movement. Lufthansa has dropped by -5.61% since the last trading day. The average target price for this stock calculated by the analysts is €31.10 (provided that market is in bull mode). Deutsche Lufthansa has a trailing twelve months PE ratio of 8.5 and P/CF is 4.5 (which is better than the industrial sector average) Deutsche Lufthansa is an inspired choice for value investor! I don't assess much risk of plummeting, but markets are not reasonable now. So be cautious when bears again dominate the market. Price might fall down to 20EUR in the worst case (20% loss) *Investments can go up as well as down and involve the risk of loss."
SWB:LHALong
by JaDeVin
Potential Inflection Point for Air Canada Good morning all, I hope your weekend was spent well and are ready for another trading week. Air Canada is my favourite stock pick of the year, I was long at $21 a couple of months back and I have seen a solid 26% gain. However, I feel as though we are in for a trend reversal. I still like where I own the stock and will be buying on pullbacks. I can see this chart going one or two ways. First, AC will have a pullback towards its 50day moving average and continue its up-trend going forward. The stochastic RSI is showing underbought symbols, however, what puzzles me is the potential convergence/divergence point in the MACD indicator, its been bouncing along giving weak buy signals and that is making me question the strength of this up-trend. I would either hedge Air Canada with a few medium-term put options, enter short, or buy the dip. This one can truly go either way. Stay sharp out there.
TSX:AC
by StuartTabor
3
October 25 Earnings: Alaska Air - Bankruptcy & PRASMAlaska Air has been absent from the recent airlines rally as the company struggles to regain momentum after weather related issues. The company's integration of Virgin Airways is a mega-plus for the Airline after organic routes kept coming under weather-related pressures. It's recent venture with Singapore Air will be another plus for the Airline's Asia connection flights. However, rising costs are likely going to dampen profits and margins, worth taking note of but not enough to outweigh pros. Recent pilot union deal, higher Virgin Air merging costs and 12% higher fuel costs are a further "downer" for the quarter. I am starting the company with an $85.00 PT for an extended 2-3 month post-earnings move. A stop at $75, near recent lows is subject to post-earnings review.
NYSE:ALKLong
by TraderDanER
October 18 Earnings: United Airlines-Hurricanes, Expenses & FuelUnited Airlines has its second largest hub in Houston, Texas where 7,400 flights were canceled over the course of the Hurricane. The company expects PRASM to decrease 3.5% to 4% due to impact from the Hurricane. Slightly higher fuel prices should impact YoY comparisons even if an overall edge is still present. I believe the company's higher expenses, catastrophe PRASM loss and high YoY comparison will hurt the quarter. I'm starting United Airlines with a $58 PT for the post earnings move.
UShort
by TraderDanER