What’s Better: United Continental Holdings, Inc. ($UAL) or Allegiant Travel Company ($ALGT)

2019-08-16 | Welcome! Today we compared how two different stocks in the Air Freight/Delivery Services industry are trading: United Continental Holdings, Inc. and Allegiant Travel Company. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, United Continental Holdings, Inc. opened at 82.04, got to a maximum price of 82.23 and dropped to as low as 80.83 before finishing the session at 81.62. In total there were 3225800 shares traded, which is enough to conduct our analysis. Compare that now to Allegiant Travel Company, which opened at 142.62, had a high of 142.62, a low of 140.51, closed at 140.89 and had a total volume of 150600.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator United Continental Holdings, Inc. Allegiant Travel Company
Accumulation-distribution index 1905.13785 677.95701
on-balance volume -81.95 142.0
chaikin money flow

13.73684 0.91237
force index

7.938 3.52
ease of movement rating

-0.00763 0.00677
volume-price trend

-4.35791 0.48423
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator United Continental Holdings, Inc. Allegiant Travel Company
Average true range 1.09719 1.87707
Bolinger bands 80.87571 140.62485
Upper bollinger band 80.73429 140.45515
Lower bollinger band

80.83 140.51
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

81.7 141.91667
High band keltner channel

81.51 141.91667
Low band keltner channel

81.89 141.91667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

80.83 140.51
Donchain channel low band

80.83 140.51
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator United Continental Holdings, Inc. Allegiant Travel Company
Moving Average Convergence Divergence (MACD) trend_macd 0.00135
MACD signal -0.00062 0.00075
MACD difference -0.0005 0.0006
fast Exponential Moving Average (EMA) indicator

80.83 140.51
slow Exponential Moving Average (EMA) indicator

80.83 140.51
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.42988 0.54428

-5.27767 -0.95296
Mass Index (MI)

1.0 1.8
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

4.48307 -0.63786
KST Oscillator (KST)

-52.54844 4.56031
KST Oscillator (KST Signal)

-52.54844 4.56031
KST difference

-0.14652 0.10724
Ichimoku rating

82.135 142.62
Ichimoku B rating

82.135 142.62
Ichimoku visual trend A

86.66539 143.16791
Ichimoku visual trend B

86.70312 143.72255
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator United Continental Holdings, Inc. Allegiant Travel Company
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 34.77419 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-45.4093 23.213
stochastic oscillator

736.84211 50.0
stochastic oscillator signal

736.84211 50.0
Williams %R rating

636.84211 -50.0
awesome oscillator

0.63622 0.50865

RETURNS: That’s all for technical analysis. Now let’s just list the returns for United Continental Holdings, Inc. and Allegiant Travel Company.

Daily return -5.25484 0.45603
Daily log return -0.06188 0.04269
Cumulative return -0.06186 0.0427

So there you have it: our deep, grueling analysis comparing United Continental Holdings, Inc. and Allegiant Travel Company together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s United Continental Holdings, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether UAL is strong or weak. Again – this is not a reliable indication of whether United Continental Holdings, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Allegiant Travel Company

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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