Will dal stock go up in the next 24 hours
7/11/2024 02:24am
**The Delta Air Lines (DAL) stock is not expected to rise significantly in the next 24 hours.** Here's the analysis to support this conclusion:
1. **Technical Indicators Suggest Limited Movement**: The stock's 5-day moving average is $46.65, its 10-day moving average is $47.11, and its 20-day moving average is $48.32. These indicators typically suggest short-term and medium-term trends. The fact that the 5-day moving average is below the 10-day and 20-day moving averages indicates a recent downtrend.
|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|DAL.N|Delta Air Lines|46.6450|48.3170|47.1075|20240710|DAL|169|
2. **Recent Performance and Volatility**: The stock has experienced a slight decline of -0.284% on the last day, with a trading range of $52.16 to $53.15. This recent volatility, combined with the current trading below the 20-day moving average, suggests a lack of strong upward momentum.
3. **Market Sentiment and Analysts' Views**: The sentiment is bullish in the short term, with 20 technical analysis indicators signaling bullish signals and 6 signaling bearish signals. However, the overall market sentiment is not overwhelmingly positive, and analysts do not predict a significant increase in the next 24 hours.
4. **Fibonacci Retracement Levels**: The 0.382 Fibonacci Retracement is $37.94, and the 0.618 Fibonacci Retracement is $42.47. These levels are below the current trading price, which suggests that the stock is in an oversold condition but does not indicate an immediate upward trend.
5. **Earnings and Revenue Projections**: The Zacks Consensus Estimate for Delta Air Lines' second-quarter 2024 earnings was revised downward and is currently pegged at $2.38 per share, indicating a potential decline from the year-ago actuals. This revision suggests that analysts do not foresee a significant earnings surge that would drive the stock price up.
6. **Long-Term Forecast**: The long-term forecast for Delta Air Lines suggests growth, with predictions for 2025 and 2030 earnings and revenue increases. However, these forecasts are for a longer time horizon and do not directly address the immediate 24-hour outlook.
In conclusion, while there are some positive long-term indicators for Delta Air Lines, the current technical indicators and market sentiment do not strongly suggest an upward movement in the stock price within the next 24 hours.