Londinia Opportunities Analyses - 06/17/2021 (GMT) SPIRIT AIRLINES INC. - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 33.76 USD
My targets
32.80 USD (-1.80%)
32.09 USD (-3.92%)
My analysis
SPIRIT AIRLINES INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33.76 USD. The next support located at 32.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32.09 USD. Below this support, sellers could then target 27.79 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
SPIRIT AIRLINES INC. rating 33.40 USD. On the day, this instrument lost -2.40% with the lowest point at 32.80 USD and the highest point at 34.63 USD. The deviation from the price is +1.83% for the low point and -3.55% for the high point.32.80
34.63
33.40
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of SPIRIT AIRLINES INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.79 | 32.09 | 32.80 | 33.40 | 33.76 | 34.55 | 35.21 |
| Change (%) | -16.80% | -3.92% | -1.80% | - | +1.08% | +3.44% | +5.42% |
| Change | -5.61 | -1.31 | -0.60 | - | +0.36 | +1.15 | +1.81 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.08 | 33.38 | 33.80 | 34.10 | 34.52 | 34.82 | 35.24 |
| Camarilla | 34.02 | 34.09 | 34.15 | 34.22 | 34.29 | 34.35 | 34.42 |
| Woodie | 33.14 | 33.41 | 33.86 | 34.13 | 34.58 | 34.85 | 35.30 |
| Fibonacci | 33.38 | 33.66 | 33.83 | 34.10 | 34.38 | 34.55 | 34.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.81 | 32.94 | 33.64 | 34.77 | 35.47 | 36.60 | 37.30 |
| Camarilla | 33.85 | 34.02 | 34.18 | 34.35 | 34.52 | 34.69 | 34.85 |
| Woodie | 31.61 | 32.83 | 33.44 | 34.66 | 35.27 | 36.49 | 37.10 |
| Fibonacci | 32.94 | 33.64 | 34.07 | 34.77 | 35.47 | 35.90 | 36.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.15 | 30.09 | 32.90 | 34.84 | 37.65 | 39.59 | 42.40 |
| Camarilla | 34.40 | 34.84 | 35.28 | 35.71 | 36.15 | 36.58 | 37.02 |
| Woodie | 28.59 | 30.31 | 33.34 | 35.06 | 38.09 | 39.81 | 42.84 |
| Fibonacci | 30.09 | 31.91 | 33.03 | 34.84 | 36.66 | 37.78 | 39.59 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.27 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -4.50 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 33.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.60 | |
| Elder Ray (13): | -0.68 | |
| Super Trend (3,10): | 34.49 | |
| Zig ZAG (10): | 33.15 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 7.38 | |
| TEMA (21): | 33.68 | |
| Williams %R (14): | -99.38 | |
| Chande Momentum Oscillator (20): | -0.93 | |
| Repulse (5,40,3): | -3.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.42 |
| MA7: | 34.08 | |
| MA20: | 35.10 | |
| MA50: | 35.42 | |
| MA100: | 34.94 | |
| MAexp7: | 33.69 | |
| MAexp20: | 33.93 | |
| MAexp50: | 34.34 | |
| MAexp100: | 34.75 | |
| Price / MA7: | -2.00% | |
| Price / MA20: | -4.84% | |
| Price / MA50: | -5.70% | |
| Price / MA100: | -4.41% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -1.56% | |
| Price / MAexp50: | -2.74% | |
| Price / MAexp100: | -3.88% |
Quotes :
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15 min delayed data
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Actions NYSE
News
The last news published on SPIRIT AIRLINES INC. at the time of the generation of this analysis was as follows:
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Spirit Airlines, Pilot Union Agree to Extend Restraining Order
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Spirit Airlines Pilots Forced To Work After Brawl Breaks Out
-
Brawls Break Out After Spirit Airlines Cancels Flights | NBC News
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Brawl Breaks Out Over Cancelled Spirit Airlines Flights
-
Spirit Airlines cancellations spark brawl at Fl airport