Delta Air Lines, Inc. (NYSE: DAL) provides scheduled air transportation for passengers and cargo all over the United States and across the globe. The company's segments include Airline and Refinery.

As per our previous report on DAL as on 22^nd March 2023, a ‘Buy’ recommendation was given on the stock at USD 33.89, and noted below are the details of support and resistance provided in our previous report:

Recommendation Summary as on March 22, 2023

DAL’s Daily Chart

DAL’s shares are forming a double top kind of pattern on daily price, which might act as a resistance in short-term. Also, the leading momentum indicator 14-day RSI has charted into an overbought zone, which indicates a potential pullback from the current trading levels. Hence, a ‘Sell’ rating has been provided on the stock at the current market price of USD 39.15 per share as on 8^th June 2023 at 10:19 AM PST.  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: 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.

Disclaimer

Kalkine New Zealand Limited is a Financial Advice Provider (“FAP”) and is authorised by a Class 1 Financial Advice Provider Licence issued by Financial Markets Authority (“FMA”) to provide financial advice. Kalkine provides only general financial advice through its research reports following a person becoming a member. The reports contain buy/sell/hold and other recommendations in relation to equity financial products. The recommendations and opinions [on this website] / [in this report] do not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. If you act on the advice in the research reports, you may have to pay fees, expenses or other amounts (but not to Kalkine).  Further information about the complaints and dispute resolution process, as well as information about Kalkine’s duties are available on Kalkine’s website.  Please read our Financial Advice Provider (FAP) disclosure statement and Complaints Handling Guide, which are available on the website.