OYC trade ideas
Rebound on gold zoneTrend (LT): Bullish above the 200 SMA
Trend (CT/MT): Bearish below EMA 7 / SMA 20
Price bounced back to SMA 200, plus stabilization in gold zone (neutral)
ROB Breakout Monitoring
Wait for potential crossover of EMA 7 with SMA 20
Buying above 47.29/47.30 (approximately)
(13% at stake if successful)
The stop loss (SL) position will depend on the candle pattern.
No sales for me.
It is important to note that this analysis is a personal interpretation and does not constitute an investment recommendation.
In your opinion, direction SOUTH or north?
DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought the dip on DAL:
Now analyzing the options chain and the chart patterns of DAL Delta Air Lines prior to the earnings report this week,
I would consider purchasing the 46usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.74.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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Delta Air Sees Massive DemandDelta Air Lines ( NYSE:DAL ) is running its largest ever transatlantic schedule this year due to healthy travel demand, particularly on international routes. The airline has forecast record high second-quarter revenue due to buoyant demand for spring and summer travel. Delta's CEO, Ed Bastian, said that summer is progressing strongly and demand is quite healthy. Delta ( NYSE:DAL ) is well-positioned to take advantage of this with its partners. Consumers are spending on experiences with travel a top priority after the pandemic, with premium travel being particularly strong. Delta ( NYSE:DAL ) President Glen Hauenstein said that the international business is quite strong.
Rival American Airlines reported that there was still excess seat capacity in the domestic market, resulting in discounting pressure. Delta ( NYSE:DAL ) executives believe that US carriers will further moderate capacity in the second half of the year, which will underpin the industry's pricing power. Delta operates a large mixed fleet including planes from Airbus and Boeing, which is engulfed in a quality and corporate crisis. Delta ( NYSE:DAL ) is "encouraged" by steps Boeing is taking with management changes and other adjustments at the company. Delta ( NYSE:DAL ) is still committed to its order for Boeing 737 MAX 10 jets, which are still awaiting certification by the U.S. Federal Aviation Administration. Delta ( NYSE:DAL ) has no plans to swap the MAX 10 for another model, but hopes the changes being made at Boeing will allow it to make progress on building the MAX 10.
Delta Airlines stock ( NYSE:DAL ) finished Friday's trading session up 1.82% trading above the 200-day Moving Average (MA).
Rising premium ticket prices bolster Delta Air Lines' stockDelta Air Lines Inc. is experiencing a positive shift in its business dynamics, driven by an uptick in premium passenger air travel. As reported by the International Air Transport Association (IATA), this trend is returning premium travel segments to normal levels. This is particularly significant for airlines like Delta, known for its robust business-class offerings. This recovery enables Delta to not only enhance its business class profits but also contribute directly to its revenue mix and overall profitability.
In response to this positive trend, Delta plans to reduce its debt. This move is expected to have a dual effect: it could improve the company's credit ratings and enhance the stock's appeal to investors. Combined, these factors will likely drive Delta's stock growth in the medium term.
Analysing Delta Air Lines Inc. (NYSE: DAL) stock for potential investment opportunities:
On the Daily (D1) timeframe, the stock has established a resistance level at 51.85 USD and support at 48.20 USD. Currently, in an uptrend, the stock is testing the support line. If the trend reverses downward, a potential downside target could be around 42.50 USD.
If the uptrend resumes following a rebound from the support level, a short-term buying opportunity may arise with a target of 56.50 USD. For a medium-term outlook, the price has the potential to climb to 63.30 USD, assuming the positive momentum continues.
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Stocks pairs trading: DAL vs BENLet's analyze the trade potential of Delta Air Lines (DAL) and Franklin Resources, Inc. (BEN) by examining key financial metrics and market performance to determine reasons for potentially going long on DAL and short on BEN.
Forward P/E Ratio: DAL's forward P/E of 6.86 is lower than BEN’s forward P/E of 8.61, suggesting that DAL is priced more attractively relative to future earnings expectations. This lower valuation might make DAL a more appealing investment, indicating market optimism about its earnings growth potential.
Year-to-Date Performance: DAL has seen a substantial gain of 29.66% year-to-date, while BEN has faced a significant decline of 19.55%. DAL's strong performance amidst broader market conditions indicates a resilient position, whereas BEN's sharp decline suggests ongoing challenges.
Market Performance Trends: DAL has experienced a robust quarterly performance with a 27.97% gain, while BEN’s performance trends are negative across multiple periods, with a particularly notable 11.44% drop over the past quarter, indicating a potential for further decline.
Analyst Recommendations: DAL has a more favorable recommendation score of 1.27 compared to BEN’s 3.79, indicating stronger analyst confidence in DAL’s market position and future performance.
Decision:
Long on 1 DAL: This position is supported by DAL’s lower forward valuation, impressive near-term earnings growth forecast, and stronger market performance indicators.
Short on 2 BEN : Given its higher forward P/E ratio, weaker growth prospects in EPS, and significant reduction in market performance, coupled with relatively poor market performance indicators, shorting BEN could be advantageous if these trends continue.
(DAL) Delta Airlines Breakout Delta Airlines has just broken out. Seems to have ended its complex pullback and shooting for higher prices. Structure had not been broken so very confident it will continue to rally up. My target price is $57.00. I am sure it will go higher, but I as I always tell my students, NEVER BE GREEDY. Expect some turbulence along the way, other than that, Happy Trading !
Stocks pairs trading: DAL vs RHILet's delve into a side-by-side comparison of Delta Air Lines (DAL) and Robert Half International (RHI) based on their financial metrics and market performance, examining reasons for potentially going long on DAL and short on RHI.
Forward P/E Ratio: DAL's forward P/E of 6.41 is markedly lower than RHI’s forward P/E of 20.74, suggesting that DAL is undervalued relative to RHI. This lower valuation makes DAL a more attractive buy in terms of cost-to-earnings.
EPS Forecast for Next Year: DAL’s anticipated EPS for next year is $7.58, which is higher than RHI’s projected EPS of $4.06, indicating stronger near-term profitability.
Year-to-Date Performance: DAL has seen a significant increase of 24.09% year-to-date, compared with RHI's decline of 21.12% over the same period. This performance suggests stronger market confidence and more robust momentum in DAL.
Book Value Per Share: DAL’s book-to-share value of $17.28 is higher than RHI’s $15.10, which indicates a stronger asset base per share and potentially more intrinsic value in DAL’s stock.
Profit Margin Comparison: DAL operates with a profit margin of 8.48%, which is more favorable than RHI’s profit margin of 5.74%. This suggests that DAL is more effective at converting revenues into actual profit, a key indicator of operational efficiency.
Analyst Recommendations: The consensus recommendation for DAL stands at a more favorable 1.29 compared to RHI’s 3.64. This indicates more analyst confidence in DAL’s market position and future performance.
Decision:
Long on 1 DAL: This position is supported by DAL’s lower valuation, strong near-term earnings outlook, superior market performance, better financial health, and greater profitability metrics.
Short on 1 RHI: Its current higher valuation and recent poor market performance may not justify the risks in the short term.
Looking for a bullish swing on DAL today at close!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
DAL NYSE:DAL is consolidating at previous highs and on a trendline. Consolidation leads to movement. Based on Elliot Wave Theory, we could be looking at another leg up. If you haven't researched this theory, do it. The price action of wave 4 usually has opposite characteristics than wave 2. (If wave 2 is sharp, wave 4 is longer and more consolidating and vice versa) I believe we could be on wave 4 waiting for wave 5 to start.
Regardless, this consolidation will create movement. If trend breaks, wait for successful retest. If trend continues, wait for a successful retest after breaking the highs.
In the meantime, there is a clear range to play up and down if you decide to.
All around, lots of good opportunity. Up, Down, or Sideways, I'm game.
Delta Air Lines Soars Above Expectations: A Tale of ResilienceDelta Air Lines ( NYSE:DAL ), a titan in the aviation industry, has once again defied expectations, showcasing resilience and adaptability in a challenging landscape. The airline reported a remarkable turnaround in the first quarter, swinging to a profit with record sales despite lingering concerns about inflation and economic uncertainty.
CEO Ed Bastian expressed confidence in Delta's performance, noting robust bookings for both leisure and business travel as the peak season approaches. This optimistic outlook is reinforced by the company's forecast for the second quarter, with anticipated earnings surpassing analysts' expectations.
One of the key highlights of Delta's strategy is its focus on efficiency and optimization. Following an aggressive expansion phase post-pandemic, the airline has shifted gears to streamline operations and enhance profitability. This approach includes a prudent approach to hiring, with Delta slowing down recruitment while maintaining a keen eye on driving efficiency gains.
The resurgence of corporate travel is particularly noteworthy, with Delta reporting a significant uptick in sales from the technology, consumer, and financial services sectors. This resurgence underscores the enduring importance of business travel and signals a promising trajectory for Delta as it navigates the recovery phase.
Despite facing headwinds such as rising costs and inflationary pressures, Delta remains steadfast in its commitment to delivering value to shareholders. The company's reaffirmation of its full-year forecast and free cash flow projections reflects management's confidence in its ability to weather the storm and emerge stronger.
Delta's performance in the first quarter underscores its resilience and agility in responding to dynamic market conditions. As the aviation industry continues to rebound, Delta stands poised to capitalize on emerging opportunities and chart a course towards sustained growth and profitability.
Technical Outlook
Delta Air Line ( NYSE:DAL ) stock is trading with a moderate Relative Strength Index (RSI) of 64.35 indicating a continuous bullish run from the stock after a positive earnings review.
The stock is trading above the 200-day Moving Average (MA) further validating the bullish thesis of Delta Air Line ( NYSE:DAL ).
Possible fixA correction is possible following the bearish pine bar. However, it is better to wait for the price to cross below the SMA 10 and 20. I am not a seller; I rather wait for a safe return, or near the bottom of the canal. In the orange zone, I will watch for a bullish setup. This analysis does not constitute financial advice, but rather an expression of my own vision.
DAL: bullish flag pattern?A price action above 47 supports a bullish trend direction.
Bullish confirmation for a break above 48.
The target price is set at 50.
The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level).
Concern is however that the price action is extended to the upside.
The bullish flag pattern might support some upside potential.
Remains a risky trade.
DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought the dip on DAL:
Then analyzing the options chain and the chart patterns of DAL Delta Air Lines prior to the earnings report this week,
I would consider purchasing the 46usd strike price Puts with
an expiration date of 2024-4-12,
for a premium of approximately $1.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Long DAL as it looks to crack the 61.8% Fibonacci retracement I bought DAL today as a long-term buy. This is a violation of a restraining order I put on myself, given my lousy track record with airline stocks. Why go there, now?
In bullet points:
NYSE:LUV is getting smoked today, based on news that NYSE:BA will be unable to get anywhere close to its 2024 delivery commitments to LUV, thanks to the ongoing 737 MAX dumpster fire. DAL flies Airbus jets on the routes that compete with LUV and is poised to benefit.
DAL, also today, issued a news release that they see Q1 revenue in the upper half of their guidance range. During an industry conference today they also stated that 9 of the top 10 booking days in their history have occurred this year. They see no demand slow-down.
At the same conference, Jamie Baker, Morgan Stanley's airline and aircraft leasing analyst, stated that the big 3 airlines currently trade at a fwd P/E which is 16 turns lower than the overall market, something that hasn't happened since the 2008 Great Financial Crash.
DAL is the only airline to own a refinery in order to mitigate jet fuel cost increases. This refinery has caused large losses in the past, during times of lower fuel prices. The facility is now fully upgraded and jet fuel prices are rising. Therefore I expect this refinery to become a source of relative competitive strength .
At the beginning of the COVID pandemic, DAL more than doubled their total debt to cover the cost of job buyouts for 17k employees in the face of evaporating demand, as well as the ongoing fleet rejuvenation. This has cost them their investment grade rating from S&P and Fitch, but has also led to a much younger and more fuel efficient fleet. Over the last 3 years, they were able to repay SEED_TVCODER77_ETHBTCDATA:8B of the $18B in added debt and expect that, by the end of 2024, they will have their debt metrics back to investment grade standards.
Once the company reaches investment grade, they plan to expand capital returns to shareholders.
The stock has reached the 61.8% Fib retracement level from the 2023 meltdown. It failed there in November of last year and January of this year. I expect that the stock will succeed this time around, and at least recapture the 2023 high.
If I am wrong, I will probably stop out of the stock just underneath the 50% retracement level at $40.
I don't have the greates conviction for this buy since, again, I don't have a great track record with airlines. But I do think that DAL is an excellent operator, and I'll give this one a chance. If I am wrong, it'll again be years before I touch another airline.
Intuition stock DAL shortI was lying in bed this morning before getting up and thinking, "Hmm. I haven't had any dreams with any stocks lately... I also hadn't meditated for any. So maybe I should ask for one now." and boom, into my brain instantly "DA... delta airlines".
So, I think, "that was cool. That's how they usually come in when they're good calls. What's the ticker for delta, again?? Oh, it's DAL. Ok."
Maybe reciting the stream of consciousness is unnecessary, but that's how it went. I got up and forgot to ask for a target! So I tried to get quiet and receive the direction first. I got a solid down (my symbol for down). Plus, my eyes kind of go down (even though they're closed).
Then I ask for a number. I first got 33, then 27. I don't follow DAL, so I always get a bit nervous I'll have some non-sensical number. But tried to be cool and just let a number come in.
I stepped away, came back and got quiet again and instantly the number 37 came it.
Once I saw the chart I got excited. If it makes a new high, I think I'm wrong. It's starting out the day going down though, so hopefully keeps going.
Dowsing is supportive of this idea and gave the "bull trap" and "new low" options. The month suggested (I hope) to reach 33 is May.
DELTA AIRLINE Stock Chart Fibonacci Analysis 032124Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 46/61.80%
1) Find a FIBO slingshot
2) Check FIBO 423.60% level
3) Hit the top = 57/423.60%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
DAL Up trending (already up ~20% from the recent low), expecting to reach $40~$44 (10 to 20%) provided it continues the same trajectory (Time frame 8 to 10 weeks). No recommendations, for educational purpose.
DAL Breaking Out of Major PivotDAL is currently trying to break out of a major pivot that's acted as support and resistance all the way back to 2020. It broke the local high at $42.70 and now pushing above $43. It's been riding the 20 EMA on the daily since mid January, and showing really great relative strength. Targets $47 and $50
Looking for a bearish swing here on DAL.Thank you as always for watching my video. Please feel free to like, share, and comment on this post. It is always an honor and blessing to have you watch my videos!
Delta vs Spirit vs America AirlinesFirst idea post so still figuring out these controls but here we go...
Airlines can be very sticky and annoying stocks that go through very odd cycles. But the fundamentals of the companies can be even weirder since the operate in a highly regulated market that was supposedly de regulated. I was considering going long spirit since the merger breakdown has occurred. But as I was looking deeper into the company to see if a long trade could be justified I found something very interesting that might make a better trade.
My original idea for going long spirit despite the rising debt on a year over year basis is that they still use some of the most desirable aircraft on the market a mix of narrow body a320 neo variants that airbus cannot make enough of and some kind of buyout or asset based valuation would make sense for the airline. Basically looking at the value of the airline the same way jet blue did but also adding the value of its west coast gates along with its aircraft value and plethora of A320 trained pilots. I started looking at other airlines and financials to see if it would make sense compared to other airlines. I think I found a trade that makes more sense but is based more on fundamental math of the company than a gut feeling like with spirit.
Tell me what you guys think
NASDAQ:AAL and NYSE:DAL 2 of the largest US airlines have both been beaten down by the pandemic and increased gas prices. Spirit was not able to come back to positive margin in the last few reports but AAL and DAL have. Except DAL is trading at a PE ratio of between 5 and 6.5 while American is near 13.5 yet they have a margin of less than 5 % while Deltas margin is closing to 13%. Still doing research to see what can explain this huge difference in PE and margin between the 2 companies. Do you think Delta is a good play with this observation??
$DAL ELLIOT WAVE ANALYSIS This analysis reflects my perspective on NYSE:DAL through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints.
Please note that the unfulfilled waves are provided for contextual reference and do not indicate precise targets. Based on my assessment, it appears that NYSE:DAL is currently in wave 3, suggesting strong bullish sentiment for the foreseeable future.
RiskMastery's Red Flag Stocks - DAL EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential .
In this edition, we'll be looking at NYSE:DAL ...
I believe this code is at a point of potential volatility.
If price can hold below $38.47 ... Bearish potential may be unlocked.
My key downside targets include:
- $34.04 (Conservative)
- $30.19 (Medium)
- $25.33 (Aggressive)
If however price breaks above $41.28 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
