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published in Blogs
Jun 10, 2020

Delta (DAL, $32.19) projects -90% y-o-y plunge in Q2 revenue

On Wednesday, Delta Air Lines  mentioned in a regulatory filing that is anticipating second-quarter revenue to decline -90% year-over-year, on the effect of the covid-19 crisis.

The airline also mentioned in the filing that is expecting  systemwide capacity to be down -85%, compared to the June 2019 quarter.

The company expects to reduce its average daily cash outflow to about $40 million by June 30,  from about $100 million at March 31. By year’s end, the airline has a target of lowering cash burn to zero.  

Delta said it had received $3.8 billion in funding through the Coronavirus Aid, Relief and Economic Security, or Cares, Act.  Also, it had raised more than $10 billion since early March , including issuing $3.5 billion of senior secured notes due 2027, and also through two secured term loan facilities, with total net proceeds of about $4.4 billion. 

DAL in Uptrend: RSI indicator stops in overbought zone for 4 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Current price $32.19 crossed the resistance line at $24.54 and is trading between $53.79 resistance and $24.54 resistance lines. Throughout the month of 05/07/20 - 06/09/20, the price experienced a +58% Uptrend. During the week of 06/02/20 - 06/09/20, the stock enjoyed a +29% Uptrend growth.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 28 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 60%.

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 54 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 68%.

The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where DAL's MACD histogram became positive, in 28 of 43 cases, the price rose further within the following month. The odds of a continued Uptrend are 65%.

The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 30 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 67%.

The 10-day Moving Average for this ticker crossed above its 50-day Moving Average on June 01, 2020, which can be construed as a buy signal, indicating that the trend is shifting higher. In 13 of 20 similar cases where DAL's 10-day Moving Average crossed above its 50-day Moving Average, the price rose further within the following month. The odds of a continued Uptrend are 65%.

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 1.78 to 1.

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 92, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is 85 (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 Price Growth Rating for this company is 53 (best 1 - 100 worst), indicating fairly steady price growth. DAL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 29 (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 Valuation Rating of 22 (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 (1.52) is normal, around the industry mean (2.06). P/E Ratio (6.35) is within average values for comparable stocks, (12.59). 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 (0.95). P/S Ratio (0.40) is also within normal values, averaging (0.49).

Related Ticker: DAL

DAL sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for DAL moved above the 200-day moving average on January 26, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 29, 2024. You may want to consider a long position or call options on DAL as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DAL just turned positive on January 29, 2024. Looking at past instances where DAL's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

DAL moved above its 50-day moving average on February 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DAL crossed bullishly above the 50-day moving average on February 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAL advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 219 cases where DAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DAL broke above its upper Bollinger Band on February 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (2.434) is normal, around the industry mean (103.851). P/E Ratio (5.859) is within average values for comparable stocks, (22.626). Projected Growth (PEG Ratio) (0.193) is also within normal values, averaging (0.690). Dividend Yield (0.007) settles around the average of (0.040) among similar stocks. P/S Ratio (0.465) is also within normal values, averaging (0.967).

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

The Tickeron PE Growth Rating for this company is (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 (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 91, placing this stock worse than average.

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.67B. The market cap for tickers in the group ranges from 9.36K to 27.03B. DAL holds the highest valuation in this group at 27.03B. The lowest valued company is KLMR at 9.36K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was 3%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was -5%. FLYX experienced the highest price growth at 53%, while ATSG experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was -59%. For the same stocks of the Industry, the average monthly volume growth was -75% and the average quarterly volume growth was -43%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 65
Price Growth Rating: 50
SMR Rating: 68
Profit Risk Rating: 91
Seasonality Score: -56 (-100 ... +100)
Related Portfolios: TRAVEL INDUSTRY
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DALDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of scheduled air transportation for passengers, freight, and mail services

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
Post Office Box 20706
Phone
+1 404 715-2600
Employees
103000
Web
https://www.delta.com
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DAL and

Correlation & Price change

A.I.dvisor indicates that over the last year, DAL has been closely correlated with UAL. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAL jumps, then UAL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DAL
1D Price
Change %
DAL100%
+0.10%
UAL - DAL
88%
Closely correlated
-0.33%
AAL - DAL
84%
Closely correlated
-0.51%
ALK - DAL
68%
Closely correlated
-1.08%
LUV - DAL
67%
Closely correlated
-0.12%
ALGT - DAL
62%
Loosely correlated
-1.73%
More
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