Expected to report an EPS of $0.34 on revenue of $12.46bn

Taking a look at Delta Air Lines ahead of its earnings results tomorrow, currently, its stock is trading at around $47.17 a share. Based on the daily chart, we can see a strong trendline offering support, which dates back to the rally from November. A new resistance level was established at $49.19 on the 1^st of April, the price has dropped off a little since then. Though it seems like there is near-term support at $45.03, a break below this level may see the price retrace back toward the supportive trendline ($43.75). We could see a retest of the $49.19 resistance on a positive earnings outlook. A break and close above $49.19 would add to the momentum for a push toward 2023’s tough resistance of $50.17. The technical indicators have turned a little mixed ahead of the earnings call, the MACD has turned neutral but the RSI is still positive as it reads 66. DAL is expected to report earnings of $0.34 on revenue of $12.46bn.