Stock of the day: Delta Airlines

In today’s stock of the day, we focus on Delta Airlines, which continues to display a very healthy and technically clean uptrend that started back in April. Throughout this trend, the price has produced several bearish corrections, each forming a classic continuation structure—typically flags or small consolidations. Importantly, every one of those corrections ended with an upside breakout, confirming persistent buyer control and reinforcing the broader bullish narrative.

The most recent correction—another well-defined flag—also resolved to the upside at the end of November, generating a fresh buy signal. With that breakout now secured, the next logical target sits at the green horizontal resistance, which corresponds to the year’s previous highs. From a market-structure perspective, the price is moving from internal liquidity (within the consolidation) toward external liquidity (major swing highs). This typically fuels continuation and increases the probability that Delta Airlines will reach and test those earlier highs in the near term.

As long as the breakout holds and no significant reversal structure appears, sentiment remains firmly positive and the bullish trajectory stays intact.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-delta-airlines