LATAM Airlines Group S.A. Forecast and Stock Analysis
Technical LTM stock analysis for March 19, 2019.
|Shorts||14.79% ( 2019-02-28 )|
LATAM Airlines Group S.A. gained 0.43% in the last trading day, rising from $11.73 to $11.78 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 3.97% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 445 196 more shares were traded than the day before. In total, 663 717 shares bought and sold for approximately $7.82 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the LTM stock was $11.78. This is 0.43% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 1.71% from a day low at $11.69 to a day high of $11.89.
30 day high of the LTM stock price was $12.30 and low was $10.85.
90 day high was $12.30 and low was $9.56.
52 week high for the LATAM Airlines Group S.A. - $16.24 and low - $8.42.
LATAM Airlines Group S.A. lies in the middle of a wide and strong 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 10.64% during the next 3 months and, with 90% probability hold a price between $11.96 and $14.29 at the end of this period.
Only positive signals in the chart today. LATAM Airlines Group S.A. holds buy signals from both short- and long-term moving averages. In addition, 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 $11.70 and $11.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 15, 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.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
LATAM Airlines Group S.A. finds support from accumulated volume at $11.77.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.
Our recommended stoploss: $11.07 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.