United Parcel Service, Inc. (NYSE:UPS) Technical Analysis Indicators

United Parcel Service, Inc. (NYSE:UPS) fell by -0.67% in Thursday’s trading session from $119.00 to $118.20 and has now fallen 4 consecutive sessions. The stock price went upward in 6 of the last 10 days and has generated 0.8% during the last two weeks. Volume has increased in Thursday’s trading session by 2.12 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.42 M shares exchanged hands for about $522.89 million.

Inside UPS’s Recent Trend

United Parcel Service, Inc. (UPS) lies in the middle of a weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 8.54% over the course of a quarter and, with 90% chance the price will be floating in the range of $124.92 and $131.59 in this timeframe.

United Parcel Service, Inc. Technical Signals

UPS has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $119.43. On a drop, the stock is likely to find some support over the long run, which begins at $116.31. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

United Parcel Service, Inc. (NYSE:UPS) Support And Resistance Levels

United Parcel Service, Inc. (UPS) recorded volume accumulation so there will probably be a surplus of buyers at $112.41. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $118.92, $119.00 and $120.09.

Accumulated volume is going to prevent the price from rising further at $118.92 and this action will lead the price to take a temporary pause or stay muted for a few days.

United Parcel Service, Inc. (UPS) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $1.68 (1.44%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 0.95%.

Previous ArticleNext Article

Related Post

Looking at the Big Picture for The Williams Compan... The Williams Companies, Inc. (NYSE:WMB) is on our radar right now but there could still be some opportunities on the horizon. Now trading with a marke...
Fundamentals in Focus for Kellogg Company (K) Kellogg Company (NYSE:K) seems to be forming a pattern of major movements, providing only some crumbs of outlook for market participants trying to fig...
What do Insider Trends Have to Say About Kimco Rea... Recent insider trends for Kimco Realty Corporation (NYSE:KIM) have caught the attention of investors. Analysts monitor insider data to understand the ...
Leading Brands, Inc. (LBIX): Checking the Operatio... Leading Brands, Inc. (NASDAQ:LBIX) is in the highlights and many would want to know whether now might be a good time for it to present much upside. No...
Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) Sentim... Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) fell by -10.87% on final trading day of July 2017 from $15.82 to $14.10 and has now fallen 9 consecutive s...