Southwest Airlines Co. | LUV

Daily Technical Analysis of Southwest Airlines Co.

There wasn't too much excitement in Southwest Airlines Co. today which only managed to move up 0.97% on the day.

It looks like Southwest Airlines Co. isn't currently at a very decisive point in regards to support/resistance levels. Southwest Airlines Co. hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. LUV might find some support at the 32.19 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Southwest Airlines Co. By Price Target And Rating

The analysts feel pretty optimistic about Southwest Airlines Co. and have been assigning positive ratings. The current Analysts Sentiment Score is 235.78. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Morgan Stanley announced a lowering of their price target to $38.00 from $40.00 on 2024-04-05. On 2024-04-05 Barclays lowered their price target by -6.25% to $30.00. UBS Group initiated a rating of Buy on 2024-03-20 and provided a price target of $36.00. Jefferies Financial Group upgraded from Underperform to Hold on 2024-03-13 and also increased their price target by 40% to $28.00. Argus upgraded from Hold to Buy on 2024-03-12 and provided a price target of $40.00. Sanford C. Bernstein upgraded from Underperform to Market Perform on 2024-02-20 and provided a price target boost 23.08% to $32.00 from $26.00. On 2024-02-20 there was an upgrade provided by Deutsche Bank Aktiengesel from Hold to Buy and moved up their price target to $42.00 which is a 50% increase. JPMorgan Chase & Co. provided a price target boost of 20.83% to $29.00 from $24.00 on 2024-01-26. Raymond James gave a boost to their price target and moved to $36.00 from $34.00 on 2024-01-26. TD Cowen gave a boost to their price target and moved to $26.00 from $20.00 on 2024-01-26.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
LUV	235.78	309.98	-75.21	262.46	-25.66

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-15)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
LUV	0.00	0.00

Short interest for Southwest Airlines Co.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
LUV	3.39	%3.90679	3.1	-4.818	23270000

How Southwest Airlines Co. compares to the broader Industrials sector and the more specific Airlines industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Airlines Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	9	1.81	5.32	-1.08	8.49	23.78	11.68	35.67	24.97	7.91	14.07	-23672.11	-9862.76	0.00	41.67	5.15	36.99
Industrials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	294	-0.11	-2.37	-5.63	3.31	16.29	23.46	48.91	56.56	29.22	37.14	-6602.28	-20208.36	14.29	7.06	3.66	20.89

Social Sentiment for Southwest Airlines Co.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
LUV

Companies with the highest correlation to Southwest Airlines Co.

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
JBLU \| JetBlue Airways Corp	2.18	4.10	5.33	-2.34	40.24	61.59	1.57	54	24.56	18.73	16.95	-1732.87	-5374.24	0	5.70878
DAL \| Delta Air Lines, Inc.	2.05	-0.06	2.11	4.02	25.29	44.39	33.18	65	32.43	15.79	21.07	173.70	-19902.61	0	1.52659
ALK \| Alaska Air Group, Inc.	2.03	4.03	7.60	11.77	24.06	36.07	1.81	65	-2.39	-1.55	-5.82	-178.61	-4158.47	0	2.74173
UAL \| United Airlines Holdings,	1.75	5.50	23.01	10.27	25.91	41.89	11.13	42	2.36	2.48	1.48	-12392.25	-1948.78	125	3.13892
AAL \| American Airlines Group I	1.75	0.94	6.62	-5.14	0.65	23.42	2.86	13	4.65	9.34	13.33	-10997.69	-3115.63	125	13.404
PK \| Park Hotels & Resorts Inc	1.72	-1.04	-5.23	-9.13	4.81	34.19	32.54	53	46.82	36.64	34.87	-1624.02	-26001.29	0	5.9048
CUK \| Carnival PLC	1.7	0.63	-1.23	-17.04	-12.81	21.44	44.14	57	10.19	15.85	23.17	-2205.61	-25328.60	0	0.942636

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