Delta

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>DAL stock price chart shows a retracement move and retested the 200 day EMA.</a> </li> 
 <li> <span>2</span> <a>Buyers are losing their grip and faced rejection near the resistance level of $50.</a> </li> 
</ul> 
<p>Delta Air lines (NYSE: DAL) stock price faced rejection while escaping the primary hurdle of $50 and retraced toward the 200 day EMA. The price action shows that sellers have maintained a strong grip near the round mark of $50. DAL stock is near to the crucial zone of $40, which if broken, could produce short term correction toward $30.</p> 
<p>DAL stock chart structure suggests neutrality. The price is close to the 200 day EMA where a rebound move toward the $50 level could be seen under bullish pressure. Moreover, DAL stock has showcased a lower lows formation and is waiting for a decisive breakdown below the support of $40. The ongoing price pattern suggests that if follow-on selling arises in today’s session, DAL stock may face a significant decline toward the primary support zone of $30. Conversely, if DAL share price sustains near the 200 day EMA, a bounce toward the 50 day EMA can be anticipated.</p> 
<p>At press time, DAL stock price was trading at $39.33 with an intraday drop of 0.56%. However, the trading volume increased by 3.89% to 13.989 Million showing aggressive selling pressure in the last session. However, the market cap of DAL stock is $25.306 Billion. Moreover, analysts maintained a strong buy rating with a yearly target price of $60.39, suggesting a strong growth outlook for the upcoming sessions.</p> 
<p>Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.</p> 
<h2 class="wp-block-heading" id="strong-will-dal-stock-attain-rebound-from-200-day-ema-strong"><strong>Will DAL Stock Attain Rebound From 200 Day EMA?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-1024x464.png" alt="DAL Stock Price Retraced Toward 200 Day EMA, Will It Rebound Now?" class="wp-image-168382" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-460.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: DAL Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, DAL stock price faced rejection and could not surpass the resistance of $50, resulting in retracement toward the 200 day EMA. Moreover, sellers might be interested in creating additional pressure to push DAL share price below the support and try to extend the selloff toward $30. However, the bulls persist in attempting and holding the gains near $40. Furthermore, there is a challenge for the bears to break the 200 day EMA support in today’s session.</p> 
<p>The RSI curve stayed in the oversold region, showing a negative crossover and indicates strong reversal from the resistance zone in the past sessions.</p> 
<p>The MACD indicator showed a bearish crossover and formed red bars on the histogram signaling volatility.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/22/can-pilots-pay-hike-make-delta-airlines-inc-dal-stock-soar/">Delta Air lines (DAL stock) </a>price is trading near the 200 day EMA. the stock is expected to rebound to retest the round mark of $50. The chart structure is neutral. Bulls seem interested in holding the 200 day EMA, and will retain the swing of $50 soon. Price action indicates that bulls have been strong over the past few weeks, however, profit booking was witnessed on the charts due to extreme overbought data.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $35 and $30</p> 
<p><strong>Resistance Levels: </strong>$45 and $50</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

DAL Stock Price Retraced Toward 200 Day EMA, Will It Rebound Now?

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