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Deutsche Lufthansa AG Technical Analysis - Deutsche Lufthansa AG Trading: 2024-03-08
Deutsche Lufthansa AG Technical Analysis Summary
Below 6.91
Sell Stop
Above 7.31
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Deutsche Lufthansa AG Chart Analysis
Deutsche Lufthansa AG Technical Analysis
The technical analysis of the Lufthansa stock price chart on daily timeframe shows #D-LHA, Daily is falling under the 200-day moving average MA(200) after rebounding close to testing the MA(200) three months ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 6.91. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 7.31. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (7.31) without reaching the order (6.91), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Deutsche Lufthansa AG
Lufthansa stock price closed lower after the airline gave a subdued outlook for 2024. Will the Lufthansa stock price continue retreating?
Deutsche Lufthansa AG gave a subdued outlook for 2024 yesterday and warned its operating losses in the first quarter will widen. The German airline said it expects flat operating results for 2024 as it struggles with higher labor and maintenance costs which offset higher revenue from the travel boom following COVID slump. While Chief Financial Officer Remco Steenbergen said the company would try to get "as close as possible" to 8% target for operating margins after achieving 7.6% in 2023, Lufthansa ground staff walked off the job following a vote previous day by cabin crew to strike as they seek a 15% wage increase. Company cited strikes as likely contributors to a larger than expected operating loss in the first quarter of 2024. Expectations of higher operating losses are bearish for a company stock price. Lufthansa stock fell 2.0% on the day after the company warning.
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