RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LUV
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Southwest Airlines Company stock upgraded to Hold/Accumulate.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The Southwest Airlines Company stock price fell by -0.84% on the last day (Friday, 19th Jul 2024) from $27.41 to $27.18. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.88% from a day low at $26.70 to a day high of $27.47. The price has risen in 6 of the last 10 days and is up by 0.89% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 5 million shares were bought and sold for approximately $138.88 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.26% during the next 3 months and, with a 90% probability hold a price between $26.47 and $30.67 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

LUV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, July 05, 2024, and so far it has risen 0.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Southwest Airlines Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.69 and $28.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Southwest Airlines Company stock

Southwest Airlines Company finds support from accumulated volume at $27.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.770 (2.88%) between high and low. For the last week, the stock has had daily average volatility of 3.18%.

Our recommended stop-loss: $25.53 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (LUV) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Southwest Airlines Company to open at $27.12, and during the day (based on 14 day Average True Range), to move between $26.33 and $28.03, which gives a possible trading interval of +/-$0.85 (+/-3.12%) up or down from last closing price. If Southwest Airlines Company takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.26 (0.29%) than the support at $27.03 (0.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Southwest Airlines Company will release earnings BMO on Thursday, July 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.510. We will update the financials statements for Southwest Airlines Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.28% in the first trading day after earnings release.

Is Southwest Airlines Company stock A Buy?

Southwest Airlines Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.647 Hold/Accumulate Upgraded

Predicted Opening Price for Southwest Airlines Company of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$27.12 ( 0.233%) $27.18

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LUV

Fibonacci Support & Resistance Levels

Level Price
R3 27.89 2.60%
R2 27.59 1.52%
R1 27.41 0.85%
Price 27.18
S1 26.82 -1.32%
S2 26.64 -1.98%
S3 26.35 -3.07%

Accumulated Volume Support & Resistance Levels

Level Price
R3 29.70 9.27%
R2 27.53 1.29%
R1 27.26 0.294%
Price 27.18
S1 27.03 -0.552%
S2 26.94 -0.88%
S3 26.84 -1.25%

LUV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 19, 2024 Jun 19, 2024 Jul 10, 2024 $0.180 0.651%
2 May 15, 2024 Jun 18, 2024 Jul 10, 2024 $0.180 0.651%
3 Jan 31, 2024 Mar 06, 2024 Mar 27, 2024 $0.180 0.615%
4 Jan 31, 2024 Mar 05, 2024 Mar 27, 2024 $0.180 0.615%
5 Nov 16, 2023 Dec 20, 2023 Jan 11, 2024 $0.180 0.603%

FAQ

What is the symbol for Southwest Airlines Company Stock and on which exchange is it traded?
The symbol for Southwest Airlines Company is LUV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Southwest Airlines Company Stock?
Southwest Airlines Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

How to buy Southwest Airlines Company Stock?
Southwest Airlines Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Southwest Airlines Company Stock.

What's the current price of Southwest Airlines Company Stock?
As of the end of day on the Jul 19, 2024, the price of an Southwest Airlines Company (LUV) share was $27.18.

What is the 52-week high and low for Southwest Airlines Company Stock?
The 52-week high for Southwest Airlines Company Stock is $37.48 and the 52-week low is $21.91.

What is the market capitalization of Southwest Airlines Company Stock?
As of the Jul 19, 2024, the market capitalization of Southwest Airlines Company is 16.266B.

When is the next earnings date for Southwest Airlines Company?
The upcoming earnings date for Southwest Airlines Company is Jul 25, 2024.
Click to get the best stock tips daily for free!

About Southwest Airlines Company

Southwest Airlines Company Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba... LUV Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT