1. DAL's RSI is at 71.9, indicating it may be overbought. 2. UBS assigned DAL a Buy rating with a target of $90. 3. DAL stock gained 28% in the past month, nearing its 52-week high. 4. Shares of DAL fell 0.2% to close at $71.14 recently. 5. Momentum score for DAL is high at 91.92, indicating strong performance.
FAQ
Why Neutral?
While the Buy rating and growth are positive, the high RSI suggests potential overbuying, which typically precedes a correction in price. Historically, high RSI levels often lead to price consolidation or retraction in the short term.
How important is it?
The article highlights recent momentum and ratings, which can sway investor sentiment. Although helpful, the warning of overbought status tempers the positive outlook.
Why Short Term?
Given the stock's near overbought status (RSI of 71.9), expect short-term corrections based on technical analysis trends. Stocks often revert after reaching overbought levels, affecting immediate trading activities.