UPS may fall to 126.00 - 128.60

Our pivot point stands at 142.7.

Our preference

The downside prevails as long as 142.7 is resistance.

Alternative scenario

Above 142.7, look for 147 and 149.7.

Comment

The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 146.0755 and 147.6242). Finally, UPS is trading below its lower daily Bollinger band (standing at 138.86).

Supports and resistances

149.7 **

147 *

142.7 **

140.9

137.58 (USD-last)

131.1

128.6 **

126 *

123.4 **

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