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Uptrend ExhaustionArchive
- 4/5/2024 -
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United Parcel Service (UPS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the United Parcel Service (UPS). During the week, the UPS gained 2.73 points, or 1.84%, and closed at 151.36 on Friday, April 5, 2024. Weekly volume was 19% above average.
UPS is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See UPS long-term trend chart]
A long-term downtrend had started on February 1, 2022 at 233.72 and reached 133.68 on October 27, 2023. UPS lost 100.04 points, or 42.80%, in 90 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 122.90 and resistance is at 177.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See UPS medium-term trend chart]
A medium-term downtrend had started on December 18, 2023 at 163.82 and reached 138.90 on February 5, 2024. UPS lost 24.92 points, or 15.21%, in 7 weeks. The price is now at the 50% retracement level.
 Weekly Technical Indicators: [See UPS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 1, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See UPS short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 158.95 and reached 143.03 on March 26, 2024. UPS lost 15.92 points, or 10.02%, in 4 days. The price is now at the 52.32% retracement level.
Daily Technical Indicators: [See UPS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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