Southwest Airlines Co. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Southwest Airlines Co. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Southwest Airlines Co. stock price gained 0.424% on the last trading day (Friday, 28th Jun 2024), rising from $28.33 to $28.45. During the last trading day the stock fluctuated 1.88% from a day low at $28.10 to a day high of $28.63. The price has been going up and down for this period, and there has been a 0.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $404.35 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Southwest Airlines Co. stock with a 90% probability to be traded between $25.14 and $29.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0L8F.L Signals & Forecast
The Southwest Airlines Co. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.36 and $27.83. A breakdown below any of these levels will issue sell signals. Southwest Airlines Co. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -4.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Southwest Airlines Co. stock
Southwest Airlines Co. finds support from accumulated volume at $28.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.528 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: $27.17 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (0L8F.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Southwest Airlines Co. to open at $28.39, and during the day (based on 14 day Average True Range), to move between $27.81 and $29.08, which gives a possible trading interval of +/-$0.635 (+/-2.23%) up or down from last closing price. If Southwest Airlines Co. takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.38 (0.23%) than the resistance at $28.75 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Southwest Airlines Co. stock A Buy?
Southwest Airlines Co. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Southwest Airlines Co. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $28.39 ( 0.185%) | $28.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0L8F.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.92 | 1.67% |
| R2 | 28.72 | 0.96% |
| R1 | 28.59 | 0.524% |
| Price | 28.45 | |
| S1 | 28.19 | -0.89% |
| S2 | 28.07 | -1.33% |
| S3 | 27.86 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.89 | 5.08% |
| R2 | 28.76 | 1.11% |
| R1 | 28.75 | 1.07% |
| Price | 28.45 | |
| S1 | 28.38 | -0.233% |
| S2 | 28.07 | -1.32% |
| S3 | 26.72 | -6.06% |
0L8F Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jul 10, 2024 | $0.180 | 0.632% |
| 2 | Jun 18, 2024 | Jun 18, 2024 | Jul 10, 2024 | $0.180 | 0.632% |
| 3 | Mar 05, 2024 | Mar 05, 2024 | Mar 27, 2024 | $0.180 | 0.624% |
| 4 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.180 | 0.608% |
| 5 | Sep 05, 2023 | Sep 05, 2023 | Sep 05, 2023 | $0.180 | 0.587% |
FAQ
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