UPS may fall to 122.80 - 125.30

Our pivot point stands at 139.1.

Our preference

The downside prevails as long as 139.1 is resistance.

Alternative scenario

The upside breakout of 139.1 would call for 143.4 and 146.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 139.019 and 143.8726).

Supports and resistances

146 **

143.4 *

139.1 **

137.5

135.65 (USD-last)

127.8

125.3 **

122.8 *

120.3 **

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