The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 3/15/2024 -
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United Continental Holdings (UAL) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 18.98
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the United Continental Holdings (UAL). During the week, the UAL climbed 0.32 points, or 0.74%, and closed at 43.62 on Friday, March 15, 2024. Weekly volume was 16% above average.

UAL 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 UAL long-term trend chart]
A long-term downtrend had started on December 3, 2018 at 97.85 and reached 17.80 on March 18, 2020. UAL lost 80.05 points, or 81.81%, in 67 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (18.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See UAL medium-term trend chart]
A medium-term uptrend had started on March 8, 2022 at 30.54 and reached 58.23 on July 21, 2023. UAL gained -27.69 points, or -90.67%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.47 and resistance is at 57.82. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See UAL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See UAL short-term trend chart]
A short-term uptrend had started on October 27, 2023 at 33.68 and reached 46.25 on February 26, 2024. UAL gained -12.57 points, or -37.32%, in 122 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 39.56 and resistance is at 47.05. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See UAL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 4, 2024.

A Parabolic SAR (stop and reversal) indicator (43.73) comes close to the price (43.62). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.15
Williams' Percentage Range (W%R) 63.80
Lane's Stochastic (%D-Slow) 39.98
Greed/Fear Indicator (GFI) 38.76
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.42
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 74.98
Greed/Fear Indicator (GFI) 66.28
Moving Average Converg./Diverg. (MACD) -0.90
Trading Signals
Description Value Chart
Weekly Trendline Resistance 47.05
Upper Bollinger Band 45.44
Weekly Stochastic Crossing 44.33
20 Day Moving Average 43.96
Parabolic System 43.73
Price 43.62
Yearly Trendline Support 43.56
Daily Stochastic Crossing 42.72
50 Day Moving Average 42.44
Lower Bollinger Band 41.34
Weekly Trendline Support 39.56
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Airlines 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.25
High Date 02/26/2024
Low 40.83
Low Date 03/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.05
Support 39.56
Low 33.68
Low Date 10/27/2023
High 46.25
High Date 02/26/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.23
High Date 07/21/2023
Low 33.68
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 57.82
Support 34.47
Low 30.54
Low Date 03/08/2022
High 58.23
High Date 07/21/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 18.98
Support 43.56
High 97.85
High Date 12/03/2018
Low 17.80
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.