Charting Delta Air Lines’ Bullish Trajectory
Delta Air Lines Inc, symbol DAL on NYSE, isn’t just whisking customers away to exotic locales; it’s also reaching new heights on the stock market.
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Approaching its 100th anniversary, Delta is enjoying a Golden Cross moment — a robust sign where the 50-day moving average surpasses the 200-day, hinting at smooth skies ahead for potential takeoff.
Delta Air Lines’ Stock Chart Supports A Bullish Trajectory
Currently trading around $55 per share, Delta is soaring above its five, 20, and 50-day exponential moving averages, indicating significant buying pressure.
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With Delta’s eight-day SMA at $53.22 and 20-day SMA at $50.94, the stock’s charts exude bullish sentiment, effortlessly cruising above critical levels.
Even with the 200-day SMA at a distant $45.44, Delta’s stock seems like a bargain.
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The MACD indicator further fuels optimism, standing at 2.51, presenting another strong bullish indication.
Despite an RSI of 72.34, signaling Delta’s stock has entered overbought territory, a potential correction might be on the horizon, even amid this bull ride.
The Bollinger Bands stretching from $44.25 to $55.90 reveal that the stock has broken past crucial resistance levels, enhancing the technical argument for more gains.
Delta’s New Cabins: Elevated Flight Experience
But it’s not just the charts painting a rosy picture. Delta is introducing new cabin interiors, commencing with its Boeing 757s later this autumn.
Infusing premium materials and residential-style lighting, the airline is marrying comfort with elegance, striving to redefine the in-flight journey.
However, the conundrum arises — will Delta’s bullish momentum persist as it revamps its fleet, or will a brief pause ensue?
Presently, Delta has a tailwind both in the skies and on the stock market.
Read Next: $1000 Invested In Delta Air Lines 15 Years Ago Would Be Worth This Much Today
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