Summary:
- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- MACD is crossing MACD signal line at 0.7. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Stock news
Significant decline in passenger revenues due to coronavirus-led weak air-travel demand hurt Azul's (AZUL) Q3 results. However, the airline is seeing steady recovery in domestic travel demand.
Bleak passenger revenues hurt the quarterly results of Gol Linhas (GOL), Ryanair (RYAAY) and SkyWest (SKYW). Meanwhile, Southwest Airlines (LUV) provides an expansion update.
Gol Linhas' (GOL) Q3 results are hurt by 74.9% year over year drop in passenger revenues due to coronavirus-led suppressed air-travel demand.
It's been a sad week for SkyWest, Inc. (NASDAQ:SKYW), who've watched their investment drop 14% to US$29.03 in the week...
Once again, the regional airline business has proved to be much more stable than the rest of the airline industry in a downturn.
SkyWest's (SKYW) passenger load factor declines 29.8 points in Q3 to 54.1% due to low travel demand.
SKYW earnings call for the period ending September 30, 2020.
SkyWest, Inc. (NASDAQ:SKYW), is not the largest company out there, but it saw a double-digit share price rise of over...