Alaska Air Group, Inc.
Here’s whether Alaska Air Group, Inc. (ALK) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Neutral.
Positives: trading above the 200-day MA (long-term uptrend intact); 50-day MA is rising (+2.43% over 10 days); RSI 46 — healthy momentum range; 3-month momentum positive (+24.4%). Concerns: below the 50-day MA (medium-term momentum negative); weak 1-year return of -19.2%; declining volume on rally — weak conviction (0.76x 30d avg). Currently 30.2% off its 52-week high. Score: +2/7.
ALK is holding above its long-term 200-day MA ($45.87) but has slipped below the 50-day MA ($48.08), pointing to short-term weakness in an otherwise intact trend. An RSI of 46.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -19.2% compares to +20.4% for SPY (trailed the market by 39.5%). The current 30.2% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.