Trend Tracker for Southwest Airlines LUV

Source: Stock Traders Daily

Longer Term Trading Plans for LUV
  • Buy LUV over 42.10 target 49.30 stop loss @ 41.98 Details
  • The technical summary data tells us to buy LUV near 42.10 with an upside target of 49.30. This data also tells us to set a stop loss @ 41.98 to protect against excessive loss in case the stock begins to move against the trade. 42.10 is the first level of support below 45.2 , and by rule, any test of support is a buy signal. In this case, support 42.10 would be being tested, so a buy signal would exist.

  • Short LUV under 49.30, target 42.10, stop loss @ 49.44 Details
  • The technical summary data is suggesting a short of LUV as it gets near 49.30 with a downside target of 42.10. We should have a stop loss in place at 49.44though. 49.30 is the first level of resistance above 45.2, and by rule, any test of resistance is a short signal. In this case, if resistance 49.30 is being tested, so a short signal would exist.

Swing Trading Plans for LUV
  • Buy LUV over 45.22, target 49.30, Stop Loss @ 45.09 Details
  • If 45.22 begins to break higher, the technical summary data tells us to buy LUV just over 45.22, with an upside target of 49.30. The data also tells us to set a stop loss @ 45.09 in case the stock turns against the trade. 45.22 is the first level of resistance above 45.2, and by rule, any break above resistance is a buy signal. In this case, 45.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LUV near 45.22, target 43.07, Stop Loss @ 45.35. Details
  • The technical summary data is suggesting a short of LUV if it tests 45.22 with a downside target of 43.07. We should have a stop loss in place at 45.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LUV
  • Buy LUV over 45.22, target 49.30, Stop Loss @ 45.11 Details
  • If 45.22 begins to break higher, the technical summary data tells us to buy LUV just over 45.22, with an upside target of 49.30. The data also tells us to set a stop loss @ 45.11 in case the stock turns against the trade. 45.22 is the first level of resistance above 45.2, and by rule, any break above resistance is a buy signal. In this case, 45.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LUV near 45.22, target 43.42, Stop Loss @ 45.33. Details
  • The technical summary data is suggesting a short of LUV if it tests 45.22 with a downside target of 43.42. We should have a stop loss in place at 45.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LUV Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Weak Weak
P1 0 0 42.10
P2 42.12 43.07 49.30
P3 43.42 45.22 56.55

LUV Long Term Analysis for January 26 2022


LUV Swing Trading Analysis for January 26 2022


LUV Day Trading Analysis for January 26 2022

The data for Southwest Airlines (NYSE: LUV) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LUV change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LUV is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LUV too.  All of these are offered below the Summary Table.

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