Delta stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Delta stock brief
- Delta Air Lines closed on Wednesday at $45.70 after exploding a 2.81% breaking a streak of 9 sessions in negative.
- On April 15, Delta Air Lines released its Q1 financial report
- JPMorgan Chase & Co. published a bullish rating for Delta Air Lines on Tuesday, with a forecast of $63.00
- Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery.
Should I buy Delta Air Lines stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $DAL stock a buy?
In the current situation of Delta Air Lines there is not any eligible buy setup. This doesn't mean $DAL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Delta Air Lines stock?
When is it time to sell Delta Air Lines?. Trading strategies let us to avoid rash decisions based on our emotions or the noise surrounding the market. When selling, as well as buying, our setups are very easy to use but are only applicable for selling stocks in your porfolio, not for selling short $DAL stock
A golden rule is that you should never hold a trading operation that leads to greater losses than those expected upon purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Delta Air Lines stock?
In the current situation of Delta Air Lines there is not any eligible sell setup, so Delta Air Lines stock holders with operations in profit can keep their positions
Delta Air Lines ratings
In the last month, 7 brokerage ratings were published for Delta Air Lines. General sentiment is bullish, with 4 out of 7 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 30th, 2021 | |
| Jefferies Financial Group | Neutral |
| Apr 6th, 2021 | |
| Morgan Stanley | Buy |
| Apr 9th, 2021 | |
| Cowen | |
| Apr 13th, 2021 | |
| Morgan Stanley | Buy |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | Buy |
| Apr 15th, 2021 | |
| Barclays | Neutral |
| Apr 20th, 2021 | |
| JPMorgan Chase & Co. | Buy |
Delta Air Lines stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on Tuesday, the price has bounced off by 4.43%. The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 41.87. Since then, Delta Air Lines price sank a 10.37%
Delta Air Lines stock price history
Delta Air Lines went public on May 3rd, 2007 priced at $19.32 per share1. Since then, DAL stock has risen by 136.54%, with an average of 10.50% per year. If you had invested thousand dollars in Delta Air Lines stock on the IPO, it would have a value of $2,365.42 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Delta Air Lines stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price forecasts posted by brokerage institutions over the last 30 days. If you are a small investor you don't have to trade based on these price targets.
There are 7 price predictions posted for Delta Air Lines that average $60.71. That is a 32.84% than the last price ($45.70).
| Brokerage firm | Price target |
|---|---|
| Mar 30th, 2021 | |
| Jefferies Financial Group | $40.00 → $50.00 |
| Apr 6th, 2021 | |
| Morgan Stanley | $55.00 → $72.00 |
| Apr 9th, 2021 | |
| Cowen | $44.00 → $53.00 |
| Apr 13th, 2021 | |
| Morgan Stanley | $55.00 → $72.00 |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | $49.00 → $63.00 |
| Apr 15th, 2021 | |
| Barclays | $52.00 |
| Apr 20th, 2021 | |
| JPMorgan Chase & Co. | $49.00 → $63.00 |
Earnings and financials
On April 15, Delta Air Lines, Inc. ($DAL) posted adjusted EPS for that undercut analysts' expectations. Quarterly EPS was $-3.55 per share compared to the forecasted $-3.13. This Q1 report represents an earnings surprise of -13.42%. Revenue resulted of $4.2 billion compared to $3.9 billion forecasted by analysts.
Same quarter one year ago, reported EPS was $-0.51, so recently reported EPS is a reduction of -596.08%. Sales tanked a -51.70% on an annualized basis in the , from $85.9B to $41.5B last quarter.Delta ($DAL) will host the quarterly earnings call next July. Market estimates of $-1.30, compared to Q1 that made $-3.55.
Delta Air Lines performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Delta Air Lines ($DAL) | -2.80% | 10.60% | 42.90% |
Please read:
The viewpoints published in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the specific positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education purposes onlyDelta summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $44 |
| Close | $45.7 |
| Day range | $43.34 - $45.74 |
| Previous close | $44.45 |
| Session gain | 2.81% |
| Average true range | $2.08 |
| 50d mov avg | $47.52 |
| 100d mov avg | $43.98 |
| 200d mov avg | $37.27 |
| Earnings date | July 13th, 2021 |