$JBLU, $AAL, $DAL, $UAL, $LUV, and others have declined by 15-20% over the past month.
The Dow and S&P have both declined by 3.4% and 4%, respectively, since the beginning of the month, while the Nasdaq has experienced a loss of approximately 5.3%. The airline industry stocks have been hit the hardest, with some stocks seeing declines of over 20%. Signals for these stocks can be obtained by subscribing to one of our robots Swing-Trader-700-per-position-Hedge-Fund-Style-Trading-TA-FA.
Notable companies The most prominent companies in this group include Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), and JetBlue Airways Corp (NASDAQ:JBLU).
Industry description The airline industry encompasses passenger air transportation, encompassing both scheduled and non-scheduled routes. This industry includes charter airlines and regular commuter carriers. Over recent decades, the industry has expanded significantly due to discount pricing and the emergence of low-cost carriers, making air travel accessible to a broader global population compared to the past when it was considered a luxury. Delta Air Lines Inc., Southwest Airlines Co, and United Continental Holdings, Inc. are among the airlines with the largest market capitalizations in the U.S.
Market Cap The average market capitalization within the Airlines Industry is 6.5B, with market caps for companies in the group ranging from 9.4K to 26.8B. DAL holds the highest market valuation in this group at 26.8B, while KLMR is the lowest valued company at 9.4K.
High and low price notable news The average weekly price growth across all stocks in the Airlines Industry was -2.24%. In the same Industry, the average monthly price growth stood at -8.29%, while the average quarterly price growth was 2.17%. SRFM experienced the highest price growth at 11.67%, while AIRYY recorded the largest decline at -11.65%.
8/18/23 11:29 AM: United Airlines Holdings (UAL, $49.53) was among the top losers this week, with a decline of -6.46%. Expecting a Downtrend reversal. 8/16/23 7:53 AM: Delta Air Lines (DAL, $43.02) was among the top losers this week, with a decline of -6.05%. Expecting a Downtrend reversal. 7/28/23 4:21 PM: Southwest Airlines (LUV, $33.02) was among the top losers this week, with a decline of -10.95%. Expecting a Downtrend reversal.
Volume The average weekly volume growth across all stocks in the Airlines Industry was -15.8%. For the same stocks in the Industry, the average monthly volume growth was -28.47%, while the average quarterly volume growth was 2.35%.
8/18/23 11:19 AM: The volume for Copa Holdings SA stock increased for one day, resulting in a record-breaking daily growth of 356% of the 65-Day Volume Moving Average. 4/14/23 6:54 AM: The volume for Delta Air Lines stock increased for one day, resulting in a record-breaking daily growth of 256% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings The average fundamental analysis ratings, where 1 is the best and 100 is the worst, are as follows:
Valuation Rating: 56 P/E Growth Rating: 61 Price Growth Rating: 59 SMR Rating: 68 Profit Risk Rating: 92 Seasonality Score: 3 (-100 ... +100)
JBLU in an upward trend: price expected to rise as it breaks its lower Bollinger Band on August 24, 2023. JBLU may rebound above the lower band and move towards the middle band. Traders might consider buying the stock or exploring call options. In 26 out of 35 cases where JBLU's price broke its lower Bollinger Band, its price rose further in the following month, indicating a 74% chance of a continued upward trend.
Stock Forecast, Price, News, Quote The current price of $6.06 has crossed the support line at $6.63 and is trading within the range of $6.63 support and $4.92 support lines. Throughout the month of 07/26/23 - 08/25/23, the price experienced a -22% Downtrend. During the week of 08/18/23 - 08/25/23, the stock fell -5%.
CPA's RSI Indicator has recovered from oversold territory on August 22, 2023. This could be an indication that the stock is transitioning from a downward trend to an upward trend. Traders may consider buying the stock or call options. The A.I. advisor examined 25 similar instances when the indicator left oversold territory, with 21 of the 25 cases resulting in the stock moving higher, suggesting an 84% probability of an upward move.
Stock Forecast, Price, News, Quote The current price of $98.88 is above $92.71, the highest resistance line found by A.I. Throughout the month of 07/26/23 - 08/25/23, the price experienced a -17% Downtrend. However, during the week of 08/18/23 - 08/25/23, there was a +3% Uptrend.
ALK's RSI Oscillator has been in the oversold zone for 8 days. The price of this stock is expected to bounce back soon, as the longer it stays in the oversold zone, the more likely an uptrend becomes.
Stock Forecast, Price, News, Quote The current price of $41.84 has crossed the resistance line at $50.31 and is trading between $50.31 resistance and $38.77 support lines. Throughout the month of 07/26/23 - 08/25/23, the price experienced a -13% Downtrend. During the week of 08/18/23 - 08/25/23, the stock fell -2%.
LUV is in a downward trend as its price moved below the 50-day moving average on August 01, 2023. In 34 of 45 similar past instances, the stock price decreased further within the following month, indicating a 76% chance of a continued downward trend.
Stock Forecast, Price, News, Quote The current price of $31.23 has crossed the resistance line at $34.31 and is trading between $34.31 resistance and $30.68 support lines. Throughout the month of 07/26/23 - 08/25/23, the price experienced a -14% Downtrend. During the week of 08/18/23 - 08/25/23, the stock fell -3%.
UAL is in a downward trend as its price moved below the 50-day moving average on August 09, 2023. In 35 of 47 similar past instances, the stock price decreased further within the following month, indicating a 74% chance of a continued downward trend.
Stock Forecast, Price, News, Quote The current price of $48.94 has crossed the resistance line at $51.30 and is trading between $51.30 resistance and $27.85 support lines. Throughout the month of 07/26/23 - 08/25/23, the price experienced a -10% Downtrend. During the week of 08/18/23 - 08/25/23, the stock fell -0.33%.
DAL in downward trend: 10-day moving average crossed below 50-day moving average on August 15, 2023
The 10-day moving average for DAL crossed bearishly below the 50-day moving average on August 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DAL as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DAL turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
The Aroon Indicator for DAL entered a downward trend on September 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for DAL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAL advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
DAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 (3.088) is normal, around the industry mean (103.687). P/E Ratio (8.340) is within average values for comparable stocks, (15.546). Projected Growth (PEG Ratio) (0.166) is also within normal values, averaging (0.416). Dividend Yield (0.003) settles around the average of (0.041) among similar stocks. P/S Ratio (0.448) is also within normal values, averaging (0.963).
The Tickeron Price Growth Rating for this company is (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 (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 92, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of scheduled air transportation for passengers, freight, and mail services
Industry Airlines
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 85% 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.