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Advanced TA SearchArchive
- 4/26/2024 -
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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 4.82 points, or 3.38%, and closed at 147.59 on Friday, April 26, 2024. Weekly volume was 20% above average.
UPS is a member of Industrials Sector. Industrials is the second 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 121.55 and resistance is at 176.39. 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 March 22, 2024 at 158.95 and reached 141.35 on April 17, 2024. UPS lost 17.60 points, or 11.07%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (140.57) is broken. A broken support is considered to be a long-term bullish signal. 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 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, but getting bigger. 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 April 17, 2024 at 141.35 and reached 149.74 on April 23, 2024. UPS gained -8.39 points, or -5.94%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See UPS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 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.
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