Is Alaska Air Group, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Alaska Air Group, Inc. has changed from mildly bearish to bearish. The weekly MACD is mildly bearish, and the monthly MACD is also mildly bearish, indicating a lack of upward momentum. The Bollinger Bands are bearish on both weekly and monthly time frames, and daily moving averages confirm a bearish stance. The KST shows a bullish signal weekly but is mildly bearish monthly, which adds some complexity to the overall picture. Dow Theory and OBV both indicate a mildly bearish trend on the weekly and monthly scales.
In terms of performance, Alaska Air has underperformed the S&P 500 across multiple periods, with a year-to-date return of -24.03% compared to the S&P 500's 14.18%, and a 1-month return of -21.30% versus 4.15% for the index. Overall, the technical stance is bearish, reflecting weak momentum and performance relative to the benchmark.