As of June 10, 2022, 3:16 a.m., the Alaska Air share was listed at USD 47.01 on the New York home exchange. Alaska Air belongs to the airlines segment.
Using a proven scheme, we rated Alaska Air at the current level. The stock is evaluated for 8 factors, each of which is given the rating “Buy”, “Hold” or “Sell”. This results in an overall assessment in the last step.
1. Relative Strength Index: In order to assess whether a security is currently “overbought” or “oversold”, the upward and downward movements can be compared over time. This provides the so-called Relative Strength Index (RSI), an indicator from technical analysis which is often used in the financial market. We now rate Alaska Air using the shorter term 7-day RSI and the slightly longer term 25-day RSI. First, the 7-day RSI currently stands at 52.71, which means that Alaska Air stock is neither overbought nor oversold. As a result, it receives a “Hold” rating. Now for the RSI25: Alaska Air is neither overbought nor oversold on a 25-day basis either (value: 58.46). Because of this, the stock also gets a “hold” rating on the RSI25. This gives Alaska Air a “Hold” rating for this point in our analysis.
2. Investors: In the past two weeks, Alaska Air has been rated particularly positively by the mostly private users on social media. This is the conclusion our editorial team comes to when evaluating the various comments and requests to speak that have dealt with this value over the past two weeks. In addition, predominantly positive topics related to value were addressed in the past few days. In summary, we believe investor sentiment at this level warrants a buy rating. In addition, the editors also filtered out exactly calculable signals and finally found 7 sell signals. We therefore assign a “Sell” recommendation to this evaluation. Therefore, measuring investor sentiment produces an overall “buy” rating.
3. Technical Analysis: Over the last 200 trading days, Alaska Air stock averages $54.08 for the closing price. The closing price on the last trading day was USD 48.11 (-11.04 percent difference) and we therefore assign a “Sell” rating from a technical point of view. In addition to the 200-day moving average, the 50-day moving average is also often analyzed as part of the chart technique. Also for this value (51.69 USD), the last closing price is below the moving average (-6.93 percent), so the Alaska Air share receives a “sell” rating for this too. Overall, Alaska Air receives a “Sell” rating for the simple chart technique.
Should Alaska Air Investors Sell Immediately? Or is it worth getting started?
How will Alaska Air develop now? Is an entry worthwhile or should investors rather sell? Find out the answers to these questions and why you need to act now in the latest Alaska Air analysis.