Spirit Airlines (SAVE) Technical Analysis

The technical analysis of Spirit Airlines Inc (SAVE) involves analyzing various indicators and oscillators to understand the price movement and potential future trends of the stock. One commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. A high RSI value indicates an overbought condition, while a low RSI value suggests an oversold condition. By considering the RSI along with other indicators, investors can identify potential entry and exit points for their trades.

Another important indicator for technical analysis is the Average Directional Index (ADX), which helps determine the strength of a trend. A high ADX value indicates a strong trend, while a low ADX value suggests a weak trend. Traders can use the ADX to confirm the presence of a trend and make informed trading decisions.