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LATAM Airlines Group S.A. Forecast and Stock Analysis
Technical LTM stock analysis for Thursday May 23, 2019.
|Shorts||14.62% ( 2019-04-15 )|
|Price to book||USD 1.37|
|Next Earnings Date||2019-08-15|
LATAM Airlines Group S.A. gained 0.24% in the last trading day ( Thursday, 23rd May 2019 ), rising from $8.37 to $8.39 During day the stock fluctuated 4.69% from a day low at $8.11 to a day high of $8.49. The price has fallen in 8 of the last 10 days and is down by -13.06% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 139 557 more shares were traded than the day before. In total, 491 931 shares bought and sold for approximately $4.13 million.
- 30 day high of the LTM stock price was $10.46 and low was $8.10.
- 90 day high was $12.30 and low was $8.10.
- 52 week high for the LATAM Airlines Group S.A. - $13.05 and low - $8.10.
LATAM Airlines Group S.A. lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.23% during the next 3 months and, with 90% probability hold a price between $6.06 and $7.06 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. LATAM Airlines Group S.A. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $8.52 and $9.89. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
LATAM Airlines Group S.A. finds support from accumulated volume at $8.37.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.38 between high and low, or 4.69%. For the last week, the stock has had a daily average volatility of 3.77%.
LATAM Airlines Group S.A. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.77 %Average volatility
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LATAM Airlines Group S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|LTM $8.39 ($0.02 0.24%)|
LTM is up $0.02 today, but where's it headed in 2019?
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