The markets continue to react to macro pressures, creating both challenges and opportunities. Our technical analysis has identified three stocks with significant price action worth monitoring this week. These selections are based on quantifiable metrics, clear support/resistance levels, and defined risk parameters.
Delta Air Lines (DAL)
DAL has dropped 28% in the last month and now shows an RSI of 21.6 – indicating extreme oversold conditions. The current price has established support at previous resistance levels from Q3-Q4 2023, creating a potential floor at current levels.
Historical analysis shows that when Delta reaches RSI readings below 25, the stock rebounds by an average of 16% within six weeks. Current price action shows high-volume selling capitulation typical of intermediate-term bottoms. Recent guidance cuts regarding Q1 profit and revenue have been fully priced in, with the stock now trading at 5.4x forward earnings – a 40% discount to pre-pandemic multiples.
Risk can be managed with a stop below recent lows, while upside targets align with the 50-day moving average as an initial resistance point.
Blackstone (BX)
BX has pulled back 30% from recent highs and formed a clear double bottom pattern with confirmation from volume patterns. The stock trades at $140, representing a 31% discount from its 52-week high of $200.96 with momentum indicators showing bullish divergence.
Current dividend yield stands at 2.8% compared to the S&P 500’s 1.3%. The company’s distribution model returns most distributable earnings to shareholders through both dividends and buybacks. Gross margins of 99.55% reflect the capital-light business structure with significant operating leverage.
Industry projections indicate alternatives market growth from $17 trillion to $30 trillion by 2030, positioning Blackstone to benefit disproportionately from this expansion due to its scale advantages and brand recognition.
Salesforce (CRM)
CRM has consolidated at key support following its January pullback, with recent price action showing institutional accumulation on down days. The 50-day moving average has flattened with decreasing volatility and volume patterns suggesting accumulation phase completion.
Software companies typically demonstrate revenue resilience early in economic slowdowns, with sector impacts typically delayed by 2-3 quarters into a recession. Recent Singapore investment of $1 billion over five years accelerates Agentforce AI tools deployment. Current forward P/E trades at a 15% discount to five-year averages despite accelerating AI adoption.
Strong product diversification insulates the company from tariff-driven demand headwinds, particularly in comparison to competitors with more concentrated revenue streams.