Delta Air Lines stock opened higher on Tuesday but closed lower, falling towards the bottom of its 20 day moving average envelope. Several technical indicators are pointing to negative momentum, with the 5 day moving average crossing below the 20 day moving average and generating a negative signal. On weekly charts, the stock spent the second consecutive week below the top Bollinger Band, with the bands converging.

1. January 6, 2016
DAL: Delta Air Lines technical analysis
charts
On Tuesday, compared to Monday, price action opened higher (49.31, vs
Monday's close of 48.66), saw a higher high (49.75, vs Monday's high of 49.42)
but lower low (47.04, vs Monday's low of 48.30); and closed lower (48.57, vs
Monday's close of 48.66). The day's range was 271 ticks.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell
towards the bottom of the 20 day moving average envelope (50.85). The
parameters of the envelope (49.32-52.37) are pointing lower.
The RSI (41.78) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.

2. January 6, 2016
The MACD 12 day moving average is below the MACD 26 day moving average;
both are above zero.
The Slow Stochastics, below, are in negative mode, with the K line below the D
line.
The Commodity Channel Index (-192.93), below, is in positive mode above the
oversold -200 level.
On the DAILY BOLLINGER BANDS CHART below, Tuesday represents the 2nd
consecutive close below the bottom Bollinger Band (48.58). The Bollinger Bands
(48.58-53.11) are diverging; and widened from a width of 415 ticks on Monday to
a width of 453 ticks on Tuesday.

3. January 6, 2016
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (50.25, moving down) is equal to the 20 day moving average (50.85,
moving down); the 5 day moving average has just crossed below the 20 day
moving average to generate a negative signal. The 3-50 day strip of moving
averages ranges from the 3 day moving average (49.31) at the bottom of the
range to the 10 day moving average (51.04) at the top of the range.

4. January 6, 2016
The Parabolic Stop and Reverse (52.44) below is in the 3rd day of sell mode.
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 2nd
consecutive entire week below the top Bollinger Band (52.95). The Bollinger
Bands (43.92-52.95) are converging; contracting from a width of 996 ticks on
Monday to a width of 903 ticks on Tuesday.