DAL trade ideas
October 11 Earnings: Delta Airlines - Fuel, Fuel, FuelAll major airlines have enjoyed solid financial upbeat since Oil $USOIL has remained under $50/barrel.
Delta Airlines has subsequently hiked their dividend throughout the quarter and increased share buybacks.
The company is also committed to paying down debt while financial conditions allow for it.
The ITIA's latest data reports a Load Factor of 84.7% - Optimistic readings for airlines.
Traffic growth remains high at 6.8% as more people take to the skies and shipping increases.
I believe this quarter will be bullish for airlines following the summer season.
I'm starting Delta Airlines with a $55.00 PT for the post-earnings price action.
Retested & Good Price Action & Elliott Wave to buyElliott Wave, Price Action, Parallel Channel, Supply and Demand, Cup and Handle
7.30.17 | DAL | Falling Wedge BreakoutDAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
Double Bottom for DALDAL present a double bottom pattern with a support on 44 and the Stoch RSI Indicate that the stock is oversold zone, waiting for a touch on the support level , we might can see a bounce back above Fib. Levels
Perfect dance on trendline from DALDelta just jumped off perfectly on the trendline. Volume raised and now there is a reason for me to go long.
PT: 54-56.
Fly eagles fly $DAL $UAL $LUVI'm still tracking the airlines with a big smile despite a vicious retest of "range breakouts" that occurred last month. Delta is my chart favorite. This is less of a range breakout and more of a slow grind up. Currently showing some nice divergence on the hourly near long term resistance. I only buy on strength so I will wait for a SOLID higher low/higher high.
The options are trading tight and deep - aka good spreads and great open interest/volume across many months and strikes. The implied volatility is low, so the options are relatively cheap. Since this stock is grinding higher slowly, I am happy to buy time when the IV is so low,
DALDoji candle today sitting at the support area hopefully starts to see green tomorrow. But Wait for confirmation before going long.
Delta Airlines: bump and runWe can see a clear bump and run reversal pattern. Now a return to the main trend is likely to happen. This is an attractive risk reward! I'm short in Air France KLM.
Buy DAL here, stop at 54.88...expect a 5 to 1 tradeStock broke to the Upside today out of Market Profile pattern. Delta has also consistently outperformed SPY over the past 50 days.
DAL: Removing earnings risk while keeping upside exposure.This post takes over from the previous one (see below), as we propose to take full profits ahead of earnings publication on July 13.
The logic is to entirely remove any risk related to earnings disappointment, while keeping full upside exposure.
The cost of this strategy will be < 2% (to be put in perspective with the 22.5% we have achieved so far on the long stock position).
BUY DAL 21July17 $56 CALLS at $0.96/Share (indicative, as per last close).
RISK REWARD
If the stock flies, you make money on the call and can optionally convert back into your stock position.
If the stock trades down, your hedging strategy would have worked and you might be able to sell OTM puts to offset the call premium.
The worst-case scenario is if the stock remains flat: You would have lost your position and your premium.
Buying DALDAL has been in a bull trend thanks to its fundamental ( goof finacial stragth, good momentun, and midium risk). I think that DAL will be more bullish due to the forecast of its earnings.
delta airlines ...rising uptrend ...
i see on chart a trend and a correction and ending that on fib prz (50-61.8)...
and now its a powerful breakout by a big bullish candle....
buy
Bearish Doubling Down For Delta AirlinesOn April 26, 2017, Delta Airlines ( DAL ) crossed below its 150 day moving average (DMA). Historically this has occurred 41 times and the stock drops a minimum of 0.194%. It has a median loss of 6.485 % and maximum loss of 40.441% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.8562. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock recently moved up into a more neutral movement state.
The true strength index (TSI) is currently -17.9842. 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 moving down.
The positive vortex indicator (VI) is at 1.0188 and the negative is at 0.8566. 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 moving up, but the positive is dropping and negative is rising after today's session.
The stochastic oscillator K value is 71.7501 and D value is 61.2473. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is approaching overbought territory and should cycle down soon.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 3.82% over the next 15 trading days.
Just two days prior to our current downward DMA cross, Delta crossed over its 150 DMA. When the downward cross occurs a few trading days after an upward cross, the stock always drops. Since the end of the financial crisis in 2009 this has occurred in January 2011, October 2011, December 2011 (3 times), October 2012 (4 times), November 2012, July 2015, and April 2016. The stock dropped 6.369%, 12.993%, 5.483%, 3.879%, 2.317%, 3.535%, 4.814%, 5.100%, 5.572%, 3.560%, 1.261%, and 13.494% respectively. The median drop of these 12 occasions is 4.957%.
