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Archive
- 11/8/2024 -
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United Parcel Service (UPS) Technical Analysis
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| Summary:
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| | It was the negative week for the United Parcel Service (UPS). During the week, the UPS dropped -1.70 points, or -1.27%, and closed at 132.40 on Friday, November 8, 2024. Weekly volume was -16% below 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 123.12 on August 8, 2024. UPS lost 110.60 points, or 47.32%, in 131 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 109.36 and resistance is at 164.19. 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 123.12 on August 8, 2024. UPS lost 40.70 points, or 24.84%, in 33 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 115.11 and resistance is at 146.96. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See UPS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 13, 2024. Use the following link to access a MACD help.
 Short-term trend: [See UPS short-term trend chart]
A short-term uptrend had started on August 8, 2024 at 123.12 and reached 145.01 on October 24, 2024. UPS gained -21.89 points, or -17.78%, in 77 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (131.22) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
 Daily Technical Indicators: [See UPS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 29, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 declined below 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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