Delta Air Lines weekly uptrend opportunity based On 1.00 Lot Calculation:
- Delta Air Lines is one of the world's largest airlines by traffic. Though it is mainly a regional carrier, with its worldwide alliance partners, the company serves about 300 destinations in about 50 countries. The company operates a mainline fleet of 1,000-plus aircraft, as well as maintenance, repair and cargo operations. The airline serves more than 200 million customers each year and offers more than 15,000 daily flights.
- Strong vaccine rates and reopening of the economies has accelerated across the transportation and traveling companies. According to the Transportation Security Administration, US airlines traffic has recently reached 70% of 2019 levels. During the Memorial Day holidays, the number of passengers has increased to nearly 2 million passengers per day which is the highest number since the start of covid crisis.
- At the Wolfe Research conference, on May 26, Delta Air Lines stated that forward bookings in the leisure segment are above 2019 levels. Based on the strong guidance updates in the sector and reduced number of covid infections due to the vaccination process, analysts already expect Delta Air Lines will generate a $6.5 earnings per share by 2023 which is up over 50% from previous expectations. Pre-lockdowns, Delta Air Lines earned $6.75 per share in 2019.
- U.S. airlines have significantly outperformed the S&P 500 in 2021. Delta Air Lines stock price is currently moving around $47 which is 29% below the record high reached in July 2019 ($61.04).
- Morgan Stanley price target is at $70, Wall Street Journal analysts as well expect the price to reach $70.
Delta Air Lines, June 3, 2021
Current Price: 47.42
|
Delta Air Lines |
Weekly |
|
Trend direction |
|
|
61.00 |
|
|
56.00 |
|
|
51.50 |
|
|
44.00 |
|
|
39.50 |
|
|
35.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Delta Air Lines |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
13,580.00 |
8,580.00 |
4,080.00 |
-3,420.00 |
-7,920.00 |
-12,420.00 |
|
Profit or loss in €** |
11,143.57 |
7,040.64 |
3,347.99 |
-2,806.41 |
-6,499.05 |
-10,191.69 |
|
Profit or loss in £** |
9,608.58 |
6,070.81 |
2,886.82 |
-2,419.83 |
-5,603.83 |
-8,787.82 |
|
Profit or loss in C$** |
16,404.37 |
10,364.47 |
4,928.56 |
-4,131.29 |
-9,567.20 |
-15,003.11 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:15 (GMT+1) 03/06/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail