Stocks

UPS may rise to 144.30 - 147.00

2024-07-11

Our pivot point is at 130.1.

Our preference

Short term rebound towards 144.3.

Alternative scenario

The downside breakout of 130.1 would call for 125.4 and 122.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 135.9925 and 140.4922).

Supports and resistances

149.9 **

147 *

144.3 **

141.5

135.65 (USD-last)

131.9

130.1 **

125.4 *

122.7 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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