Delta Air Lines Inc - 4 Hourly

Delta Air Lines Inc is expected to release its earnings report today. Market experts predict EPS of $1.55 on revenue of $12.9 billion.

Delta Air Lines is set to release its earnings by COP today, from a technical outlook its current share is trading at $30.22. Looking at the 4 hourly timeframe, minor resistance sits at $30.35 followed by major resistance $30.91 (upper green trendline). A break above the green trendline may see the stock climb towards the $33-$34 price level, where the next tough resistance sits. Towards the downside, a strong support base sits at $28.21 which correlates with the red trendline. A break below the red trendline, may result in a further dip in price towards the major support level at $27.20 (lower green trendline). MACD is currently positive and RSI reads 56, overall suggesting a bullish approach. However, investors should be aware of the earnings report due today as negative results can impact the stock price and vice versa.