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 current stance is bearish with a moderate strength indicated by the daily moving averages and the weekly Bollinger Bands both showing bearish signals. The MACD is mildly bearish on both weekly and monthly time frames, while the KST is bullish weekly but mildly bearish monthly, suggesting mixed signals. The Dow Theory also reflects a mildly bearish stance across both time frames.
In terms of performance, Alaska Air has underperformed the S&P 500 significantly over the past month and year-to-date, with returns of -21.30% and -24.03%, compared to the S&P 500's gains of 4.15% and 14.18%, respectively. Over the longer term, the stock has shown positive returns, but it lags behind the S&P 500 in the 3-year and 5-year periods.