Tag: United Airlines Holdings

United Airlines Holdings Inc. Stock Code UAL.NAS

Outlook

The recent price rally was capped by the base line as well as the cloud and in the previous trading session, price closed below the cloud, hinting at a bearish price trend ahead. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend. MACD remains bearish and is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the previous low support at $38.68 in the next 1-2 week ahead.

Strategy                  

$42.82                Sell

$38.68                Price Target

$45.46                Risk Management Stop

3 weeks              Trade Duration

UNITED AIRLINES HOLDINGS INC. Stock Code UAL.NAS

Outlook
Price, after reaching a high of $63.70 on 18 March 2021, has been declining and in the previous trading session, has come close to the lower edge of the cloud.  Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is above the zero line but is heading lower. Price had broken below an Ichimoku V-shaped support and could be heading to the V-shaped price projection target of $41.50 in the next 2-3 weeks ahead.

Strategy                  
$50.30                Sell
$41.50                Price Target
$55.60                Risk Management Stop
3 weeks              Trade Duration

United Airlines Holdings Inc. Stock Code UAL.NAS

Outlook
Price dropped below the cloud on 25 January 2021 but managed to climb higher but the rally was capped by both the Conversion and Base lines. Last Friday, price broke below the cloud, which could be a sign of a possible bearish trend.  Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below  price of 26 days ago but is  above the cloud at the moment.  MACD is bearish. If price is unable to move above $44.50, it could be heading towards the support at $32.17.

Strategy                  
$41.30                Sell
$32.20                Price Target
$44.60                Risk Management Stop
3 weeks              Trade Duration