blue-chip

One NYSE-Listed Airlines Stock to Consider: Southwest Airlines Company

Aug 04, 2023 | Team Kalkine

Read Time :5 min

One NYSE-Listed Airlines Stock to Consider: Southwest Airlines Company

Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

Southwest Airlines Co. (NYSE: LUV) (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies.

This US Daily Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Key metrics, Underlying commodities analysis, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

LUV's share price has corrected by 10.33% in the past six months. Similarly, in the long term, the stock has corrected by 15.98% over the past year.
The stock is currently trading near to the lower end of its 52-week range of USD 38 and 52-week low price of USD 28.40, with the expectations of an upside movement from the current support levels.
The price is currently below its short-term (21-day) SMA and long-term (50-day) SMA, with the current RSI of around 38.16.

1.1 Summary Table

1.2 The Key Positives & Negatives

Section 2: Southwest Airlines Company (“Buy” at the current market price of USD 32.67, as of August 04, 2023, at 07:40 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is August 04, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

Small-Cap

Watch Out for One NASDAQ- Listed Biotechnology Services Stock – Inotiv Inc