Delta (DAL, $30.37) to add 1,000 flights a day in July and Augus

Delta Air Lines  plans to continue adding flights through the summer.

The airline company is expecting to add about 1,000 flights a day in both July and August, as mentioned by CEO Ed Bastian on a shareholder call Thursday, (reported by CNBC).

Domestic capacity in August would still be 55% to 60% of typical totals, Bastian said.

Following the additions  Delta plans to pause and assess  how demand looks post-Labor Day before deciding to add further domestic flights, as indicated by Bastian.

DAL's 10-day Moving Average moved above its 50-day Moving Average on June 01, 2020

This price move may be construed as a buy signal, indicating that the trend is shifting higher. In 15 of 20 cases where DAL's 10-day Moving Average crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 75%.

Current price $30.37 crossed the resistance line at $26.52 and is trading between $53.79 resistance and $26.52 resistance lines. Throughout the month of 05/15/20 - 06/17/20, the price experienced a +60% Uptrend, while the week of 06/10/20 - 06/17/20 shows a -3% Downtrend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator exceeded the 0 level on May 26, 2020. Traders may consider buying the ticker or exploring call options. In 53 of 79 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 67%.

The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where DAL's MACD histogram became positive, in 27 of 43 cases, the price rose further within the following month. The odds of a continued Uptrend are 63%.

The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 33 of 45 similar backtested cases where DAL's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 73%.

The Aroon Indicator entered an Uptrend today. In 135 of 266 similar cases where DAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 51%.

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 29 of 42 cases where DAL's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 69%.

The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 35 of 56 cases where DAL's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 63%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 32 of 47 cases where DAL's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 68%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 62%. During the last month, the daily ratio of advancing to declining volumes was 2.08 to 1.

The Tickeron Valuation Rating of 23 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.37) is normal, around the industry mean (1.96). P/E Ratio (5.70) is within average values for comparable stocks, (10.93). Projected Growth (PEG Ratio) (0.27) is also within normal values, averaging (1.63). DAL has a moderately high Dividend Yield (2.57) as compared to the industry average of (0.98). P/S Ratio (0.40) is also within normal values, averaging (0.49).

The Tickeron SMR rating for this company is 28 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of 35 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is 46 (best 1 - 100 worst), indicating steady price growth. DAL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 87 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock worse than average.

Notable companies

Industry description

Market Cap

High and low price notable news

Volume