Weekly Chart PackCompleted weekly market data ยท Independent research
NYSE ยท Equity ยท United States
LUV
Southwest Airlines Company
IndustrialsAirlines
Southwest Airlines Co., typically referred to as Southwest, is one of the major airlines of the United States and the world's largest low-cost carrier airline. It is headquartered in Dallas, Texas.
Last updated
21 Aug 2026
Exchange
NYSE ยท NYSE
Sector
Industrials
Industry
Airlines
Currency
USD
Market capitalisation
19,915,665,415
Fair value reference
32.52
Next-week expectancy
Positive ยท 64.51%
Executive chart read
Over the latest 12 completed weeks ending 2026-08-21, LUV fell 2.40%, moving from 41.37 to 40.38. The latest weekly close is below the Trend Line and above Fair Value. Trend Signal is inactive on the latest week and was active in 7 of the last 12 weeks. Relative Strength is -9.02 and has softened across the 12-week window. Market Dynamics is -0.20 on the latest week. Next-week expectancy is positive at 64.51% based on similar historical setup states.
Week Ending
21 Aug 2026
Latest Close
40.38
12-Week Change
-2.40%
Trend Signal
Inactive
Next-Week Expectancy
Positive 64.51%
Signal Weeks
7 of 12
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Weekly Price
Weekly Close
Trend Line
Fair Value
Activity Lines
Chart Panels
Choose up to 5 panels. Drag panel headers to reorder.
Auction Intelligence
Sharemaestro market acceptance
Auction Intelligence
Where the market has accepted value, how that value is moving, and which price pathways remain structurally open.
Current auction stateHigher value accepted
The recent auction has built a higher acceptance centre and price is currently above established three-year value.
Price location
Above accepted value
Accepted value
Higher
Persistence
39 weeks
Auction runway
More room below
Accepted value24.19โ33.39
Principal three-year auction range
Rolling market memory and the nearest established acceptance above and below the current price.
Is market memory moving?
Accepted-value migration
Each column is a rolling one-year auction. Brighter areas show stronger price acceptance.
Where is the next market memory?
Auction runway
The next established shelf is materially farther below than above.
Above41.54Established market memory sits 2.9% above the latest close.
Below31.62Established market memory sits 21.7% below the latest close.
Decision map
What would confirm or challenge the current interpretation?
Sustained weekly closes above33.39
Higher-value acceptance
Holding above this boundary while the acceptance centre rises would strengthen the higher-value interpretation.
Primary market-memory magnet31.62
Rotation toward value
This is the centre of the three-year auction and the principal reference if price rotates back through value.
Sustained weekly closes below24.19
Lower-value acceptance
Holding below this boundary while the acceptance centre falls would strengthen the lower-value interpretation.
Decision context
Structural references and cross-signal agreement
The closest market-memory levels, the evidence that agrees or disagrees, and the limits of the current interpretation.
Market memory
Nearest structural nodes
These are historical acceptance references, not live resting orders.
Acceptance shelfRepeated historical activity makes this a market-memory shelf.
41.54
2.9%
Low-acceptance corridorHistorically limited acceptance makes this a potential fast-travel area.
35.16
-12.9%
Acceptance shelfRepeated historical activity makes this a market-memory shelf.
31.62
-21.7%
Acceptance shelfRepeated historical activity makes this a market-memory shelf.
27.38
-32.2%
Cross-signal agreement
Does the wider Sharemaestro picture agree?
Agreement strengthens context; disagreement identifies where the thesis is vulnerable.
Auction locationShows where the latest close sits relative to established accepted value.Above accepted value
Accepted-value migrationCompares the recent acceptance centre with the preceding one-year auction.Higher
30-week trendThe latest close is 8.5% below the trend line.Price below
Fair-value positionMarket price is 24.2% above the current fair-value reference.Above
Point & Figure structureConfirms whether reversal structure agrees with the current auction direction.Downside breakdown
Earnings repricingShows whether accepted market value is developing with or against the earnings relationship.Earnings ahead
Higher value accepted
The recent auction has built a higher acceptance centre and price is currently above established three-year value.
More room below
The next established shelf is materially farther below than above.
Established market memory
The three-year acceptance centre at 31.62 remains the dominant rotational reference.
Security-specific analogues
How comparable auction states resolved
Fewer than four non-overlapping comparable episodes exist in the visible history.
3 comparable non-overlapping episodes are visible; at least four are required before outcomes are summarised.
Price Action
Completed weekly market tape
Price Action
A deep view of how price is behaving against its own completed history, trend, structural levels and participation.
Current weekly interpretationFresh downside break with weak close
The latest close finished below the recent completed price structure. Price is below its completed-week trend reference, while the reference is rising.
Full context ยท Developing
Current structureFresh downside break
The latest close finished below the recent completed price structure.
Trend relationshipBelow trend
Price is below its completed-week trend reference, while the reference is rising.
Support and resistanceSupport 28.34 ยท Resistance 41.17
Nearest completed structural references around the latest close.
Participation qualityNormal participation
Participation was broadly consistent with the market's completed recent history.
Price, structure and participation
Where price advanced, failed, reclaimed or lost important ground
Candles preserve the completed weekly tape. Selected annotations identify meaningful finished events and point directly to the week concerned.
Up weekDown weekTrend referenceCompleted supportCompleted resistanceVolumeTypical volumePublished event
What happened this week?
The latest completed candle
The latest week is separated into price change, candle character, closing position and path quality.
Weekly move-8.77%
Latest close versus the preceding completed close.
Candle characterWeak close
Price declined and finished in the lower part of the completed weekly range.
Where the week closedNear the weekly low
The close finished at 13% of the completed weekly range.
Path qualityDeveloping
The path is readable, but the completed evidence is not yet consistently aligned.
Current evaluation
What the weekly tape says now
The interpretation combines completed price structure, trend relationship, participation and path quality.
What supports it
The latest close finished below the recent completed price structure.
What would improve it
A sustained close above the nearest completed resistance, supported by firmer participation, would improve confirmation.
What could weaken it
A sustained loss of the nearest completed support would materially weaken the current price structure.
What to watch next
Trend relationship is below trend; participation is normal participation, and path quality is developing.
Statistical perspective
Where the latest close sits in its own completed history
These observations describe the available record. They are market context, not predictions of the next move.
Position in completed history52% of range
The latest close's location between the lowest and highest completed closes available for this market.
Distance from completed high-31.0%
How far the latest close sits below the highest completed close in the available history.
Recovery from completed low+91.8%
How far the latest close has advanced from the lowest completed close in the available history.
Latest move versus typical2.6ร typical
The absolute latest weekly move compared with completed weekly moves available before it.
Completed event history
What changed, and when
Only selected completed events are shown. Each annotation is descriptive, not a standalone instruction.
Trend lost
The weekly close moved below the completed trend reference.
Latest week
Upside structure cleared
The weekly close moved above the preceding completed price structure.
8 weeks ago
Trend reclaimed
The weekly close moved back above the completed trend reference.
13 weeks ago
Support structure lost
The weekly close moved below the preceding completed price structure.
21 weeks ago
High-participation reversal
Price changed weekly direction with elevated participation.
29 weeks ago
Range
Sharemaestro Range
Where price is trading
The fitted range, accepted trading area and strongest price levels are calculated automatically from completed weekly market data.
Current stateBelow the trend range
52-week position
44.7%
Low to high
Accepted price
31.48
Latest versus accepted: 28.26%
Fitted direction
Rising
0.64% per week
Range pressure
26/100
Lower pressure
Range condition
Normal
0.93ร normal range
Range pressureCurrent range pressure ยท 50 is balanced
Weekly closeFitted rangeActivity ribbonEstimated activity at priceAutomatic level
Automatic structure
Strongest price levels
Support29.91
From price
-25.9%
Evidence
81/100
Touches
6
Support31.48
From price
-22.0%
Evidence
87/100
Touches
3
Support36.89
From price
-8.6%
Evidence
48/100
Touches
3
Resistance40.90
From price
1.3%
Evidence
70/100
Touches
3
Resistance44.68
From price
10.7%
Evidence
35/100
Touches
2
Current reading
What the range shows
Current positionBelow the trend range
Price is at 44.7% of its latest 52-week range.
Fitted directionRising
The fitted centre line is moving +0.64% per week.
Range pressureLower pressure
The current pressure reading is 26/100; 50 is balanced.
Next structural level40.90
Resistance is 1.3% from the latest close with 70/100 evidence strength.
Point & Figure
Price structure ยท volume at price
Point & Figure market structure
Each X marks a rising price box and each O marks a falling price box. Time is removed from the horizontal scale so reversals, breakouts and areas of heavy trading stand out.
MethodAdaptive scale
Smart Money
Completed-week positioning evidence
Smart Money
See whether the support beneath price is strengthening, weakening, confirming the trend or warning of increased risk.
Current Smart Money readSmart Money evidence is mixed
Some visible evidence is supportive, but the combined picture does not yet justify a strong conclusion.
Momentum 0.78 ยท Holding steady
Trend qualityMixed
The current trend state has persisted for 1 completed week; visible confirmation is mixed.
Momentum pathStrong ยท Holding steady
The latest completed-week level and direction.
Latest positive signalNo recent positive signal
The chart is carrying context rather than a fresh positive event marker.
Risk and warningsWatch
The latest reversal warning was 7 completed weeks ago; it is no longer immediate but remains relevant context.
Price, support and published events
Where confirmation strengthened or risk increased
Selected annotations highlight meaningful completed-week events; every existing chart series and marker remains visible.
Close Price
Trend Line
Demand Threshold Line
Reversal Risk Level
Current evaluation
What the Smart Money chart means now
The reading combines the finished chart state, its direction and the timing of published signals.
What supports it
There is limited positive confirmation; the chart should be read cautiously until support improves.
What would improve it
Broader agreement between price, trend and the completed-week support state would strengthen the case.
What could weaken it
The latest reversal warning was 7 completed weeks ago; it is no longer immediate but remains relevant context.
Published signal history
What changed, and when
Event markers are observations, not standalone instructions to buy or sell.
Reversal danger
The chart registered its strongest reversal warning.
7 weeks ago
Reversal risk
The chart registered elevated reversal risk.
8 weeks ago
Reversal danger
The chart registered its strongest reversal warning.
27 weeks ago
Reversal risk
The chart registered elevated reversal risk.
28 weeks ago
Market Dynamics
Price and underlying support
Market Dynamics
See whether the support beneath price is strengthening, weakening, confirming the move or beginning to diverge from it.
Control backgroundBuyer controlContestedSeller control
Seller control50 ยท contestedBuyer control
Current VWAP signals
Control, agreement and concentration
Control transfer weakening
Control transfer weakening
Price has completed its first move below the core VWAP; recovery or further acceptance below will decide the next state.
Price and VWAP pressure broadly agree
No material six-week disagreement is present between price direction and VWAP control.
VWAP cluster present
6 references converge near 44.64: 26-week VWAP, High-activity anchor, Year VWAP, Swing high, Latest earnings VWAP, 13-week VWAP.
Confirmation and failure levels
Levels that change the current reading
Confirmation43.15
A completed close above 26-week VWAP with pressure holding above 60 would strengthen buyer control.
Decision area40.20
52-week VWAP at 40.20, 0.4% below the latest close.
Weakening level40.20
A completed close below 52-week VWAP with acceptance moving under 50% would weaken the present structure.
Current VWAP stack
Volume-weighted price levels
52-week VWAP40.20
-0.44% from close
26-week VWAP43.15
+6.86% from close
High-activity anchor43.80
+8.48% from close
Year VWAP44.26
+9.60% from close
Swing high44.89
+11.16% from close
Latest earnings VWAP45.33
+12.26% from close
13-week VWAP46.42
+14.95% from close
Estimated activity position
Activity above and below price
Below price 52%Above price 48%
32%near price
A notable share of recent weighted activity remains above price and may act as overhead supply.
Estimated from completed weekly typical prices and reported activity; it is not holder-level cost-basis data.
Benchmark, sector and industry
VWAP control comparison
Sector and industry comparisons require at least ten constituents with aligned completed history.
Benchmark ยท SPYWeaker control than reference
Weaker control than reference; control-score gap -49.5 points.
Buyers firmly in control ยท 82/100
Sector ยท IndustrialsWeaker control than reference
Weaker control than reference; control-score gap -23.7 points.
Control is contested ยท 56/100
Industry ยท AirlinesBroadly aligned with reference
Broadly aligned with reference; control-score gap +1.4 points.
Seller control developing ยท 31/100
Historical VWAP outcomes
Reclaims, losses and similar states
Descriptive outcomes from this ticker's visible historyโnot a forecast.
Weekly reclaim63% favourable
Events
8
Median 4w
-0.51%
Median 13w
+8.91%
Typical best
+18.08%
Typical worst
-7.03%
Completed occasions when price moved back above the core VWAP.
Weekly loss0% favourable
Events
9
Median 4w
+3.71%
Median 13w
+14.74%
Typical best
+17.82%
Typical worst
-3.26%
Completed occasions when price moved below the core VWAP.
Comparable control states17 matched weeks
Positive after 4w
65%
Median 4w
+2.64%
Positive after 13w
82%
Median 13w
+8.74%
Best / worst 13w
+57.5% / -6.8%
Outcomes after completed weeks with a similar control score and the same side of the core VWAP.
VWAP control history
Completed changes
Core VWAP lost
Price completed the week below the core VWAP.
Core VWAP test held
Price traded through the core VWAP but recovered above it by the completed close.
VWAP structure turned higher
The fast VWAP crossed above the core VWAP.
Core VWAP reclaimed
Price completed the week back above the core VWAP.
Core VWAP lost
Price completed the week below the core VWAP.
Core VWAP reclaimed
Price completed the week back above the core VWAP.
VWAP structure turned lower
The fast VWAP crossed below the core VWAP.
VWAP reclaim rejected
Price tested above the core VWAP but completed the week back below it.
SMI
Proprietary completed-week evidence
SMI
See whether the underlying conditions beneath price are strengthening, weakening or holding firm.
Current SMI readUnderlying support remains constructive
Price and SMI are not presenting a decisive combined message. The latest reading is based on completed weekly evidence.
0.65 ยท Constructive
Current stateConstructive ยท 0.65
Latest completed-week SMI reading
DirectionHolding steady
How the completed SMI path is changing
PersistenceDeveloping
6 completed weeks in the current state
Price relationshipMixed relationship
Price and SMI are not presenting a decisive combined message.
Price and SMI transitions
Where underlying support changed
Annotations identify selected completed SMI state changes.
Weekly CloseTrend LineFair ValueActivity Lines
SMI pathDirection, persistence and turning points
SMI 0.65 ยท Constructive
ImprovingHolding steadyWeakening
SMI in context
Comparable SMI states have carried a cautious historical bias
Across 10 comparable completed observations, 40.0% closed higher after 13 weeks. The median move was -5.0%.
Comparable observations
10
Completed historical readings
Positive outcomes
40.0%
After 13 completed weeks
Median move
-5.0%
Over the following 13 weeks
Versus normal baseline
-11.8 pts
Difference in positive outcome rate
Chart Summary
Key Points
Week Ending
21 Aug 2026
Latest Close
40.38
12-Week Change
-2.40%
Trend Signal
Inactive
Next-Week Expectancy
Positive 64.51%
Signal Weeks
7 of 12
Vs Trend Line
Below
Vs Fair Value
Above
Relative Strength
-9.02
Market Dynamics
-0.20
Over the latest 12 completed weeks ending 2026-08-21, LUV fell 2.40%, moving from 41.37 to 40.38. The latest weekly close is below the Trend Line and above Fair Value. Trend Signal is inactive on the latest week and was active in 7 of the last 12 weeks. Relative Strength is -9.02 and has softened across the 12-week window. Market Dynamics is -0.20 on the latest week. Next-week expectancy is positive at 64.51% based on similar historical setup states.
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