Delta Air Lines, Inc. stock price (DAL) declined in its latest intraday trading, as the stock booked profits from its previous gains while attempting to build positive momentum that may help it recover and climb again. This came as it worked on easing some of its clear overbought conditions on the Stochastic, especially with negative signals starting to appear. Meanwhile, the stock remains under the influence of its short-term corrective upward trend, trading along a supportive trendline, with ongoing positive pressure from trading above its 50-day simple moving average.

Therefore, we expect the stock price to rise in its upcoming trading, as long as support at $54.70 holds, targeting the resistance level of $63.35.

Today's price forecast: Bullish