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- 11/22/2024 -
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United Continental Holdings (UAL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved below its signal line
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It was a sixteenth consecutive positive week for the United Continental Holdings (UAL). During the week, the UAL gained 4.07 points, or 4.46%, and closed at 95.24 on Friday, November 22, 2024. Weekly volume was -30% below 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 uptrend had started on March 18, 2020 at 17.80 and reached 95.99 on November 21, 2024. UAL gained -78.19 points, or -439.27%, in 244 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (39.94) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 95.99 on November 21, 2024. UAL gained -65.45 points, or -214.31%, in 141 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (37.99) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See UAL weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 5, 2024 at 37.02 and reached 95.99 on November 21, 2024. UAL gained -58.97 points, or -159.29%, in 108 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (70.11) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See UAL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.08
Overbought
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 85.16
Overbought
Greed/Fear Indicator (GFI) 87.12
Overbought
Moving Average Converg./Diverg. (MACD) 6.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 100.00
Strong Overbought
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 96.41
Strong Overbought
Greed/Fear Indicator (GFI) 91.61
Strong Overbought
Moving Average Converg./Diverg. (MACD) 5.56
Trading Signals
Description Value Chart
Upper Bollinger Band 98.93
Price 95.24
Daily Stochastic Crossing 95.22
Weekly Stochastic Crossing 94.46
Weekly Trendline Resistance 92.60
Parabolic System 90.00
20 Day Moving Average 86.44
Lower Bollinger Band 73.25
50 Day Moving Average 71.40
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.14
Low Date 11/04/2024
High 95.99
High Date 11/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 92.60
Support 70.11
Low 37.02
Low Date 08/05/2024
High 95.99
High Date 11/21/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 71.88
Support 37.35
Low 33.68
Low Date 10/27/2023
High 95.99
High Date 11/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 61.24
Support 37.99
Low 30.54
Low Date 03/08/2022
High 95.99
High Date 11/21/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 55.08
Support 39.94
Low 17.80
Low Date 03/18/2020
High 95.99
High Date 11/21/2024
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.