Alaska Air Group Inc (ALK): Price Now Near $62.71; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for ALK

At the moment, ALK’s price is down $-1.57 (-2.44%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ALK has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

ALK’s Technical Outlook on the Daily Chart

At the time of this writing, ALK’s price is down $-1.31 (-2.06%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows ALK’s price action over the past 90 days.

ALK

For ALK News Traders

Investors and traders in ALK may be particularly interested in the following story that came out in the past day:

Stock Markets Are Falling, but These 3 Once-Crushed Stocks Are at 52-Week Highs

Indeed, in the once beaten-down airline stock sector, three stocks managed to set new 52-week highs, marking a full recovery from the ravages of the COVID-19 pandemic on their industry. Hawaiian Holdings (NASDAQ: HA) picked up almost 6% on Monday morning, bringing its year-to-date gains to more than 50%. Finally, Alaska Air Group (NYSE: ALK) climbed 4%.

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