RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UP
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Wheels Up Experience Inc. stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Wheels Up Experience Inc. stock price fell by -4.65% on the last day (Thursday, 28th Mar 2024) from $3.01 to $2.87. During the last trading day the stock fluctuated 9.33% from a day low at $2.84 to a day high of $3.11. The price has fallen in 7 of the last 10 days but is still up by 5.51% over the past 2 weeks. Volume has increased on the last day by 47 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 392 thousand shares were bought and sold for approximately $1.13 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.48% during the next 3 months and, with a 90% probability hold a price between $1.38 and $2.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UP Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wheels Up Experience Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.97 and $2.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -8.31%. Further fall is indicated until a new bottom pivot has been found. Wheels Up Experience Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Wheels Up Experience Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.72 and $2.66. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wheels Up Experience Inc. finds support just below today's level at $2.72. If this is broken, then the next support from accumulated volume will be at $2.66 and $2.41.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.265 between high and low, or 9.33%. For the last week, the stock has had daily average volatility of 8.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Wheels Up Experience Inc. to open at $2.94, and during the day (based on 14 day Average True Range), to move between $2.59 and $3.15, which gives a possible trading interval of +/-$0.277 (+/-9.66%) up or down from last closing price. If Wheels Up Experience Inc. takes out the full calculated possible swing range there will be an estimated 19.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.72 (5.23%) than the resistance at $3.33 (16.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Wheels Up Experience Inc. stock A Buy?

Wheels Up Experience Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.409 Sell Candidate Downgraded

Predicted Opening Price for Wheels Up Experience Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.94 ( 2.38%) $2.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.20 11.61 %
R2 3.10 8.09 %
R1 3.04 5.91 %
Current price: 2.87
Support S1 2.84 -1.15 %
S2 2.77 -3.33 %
S3 2.67 -6.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.43 19.51 %
R2 3.38 17.77 %
R1 3.33 16.03 %
Current price 2.87
Support S1 2.72 -5.23%
S2 2.66 -7.32%
S3 2.41 -16.03%

FAQ

What is the symbol for Wheels Up Experience Inc. Stock and on which exchange is it traded?
The symbol for Wheels Up Experience Inc. is UP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Wheels Up Experience Inc. Stock?
Wheels Up Experience Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Wheels Up Experience Inc. Stock?
Wheels Up Experience Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Wheels Up Experience Inc. Stock.

What's the current price of Wheels Up Experience Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Wheels Up Experience Inc. (UP) share was $2.87.

What is the 52-week high and low for Wheels Up Experience Inc. Stock?
The 52-week high for Wheels Up Experience Inc. Stock is $6.08 and the 52-week low is $0.230.

What is the market capitalization of Wheels Up Experience Inc. Stock?
As of the 2024-03-28, the market capitalization of Wheels Up Experience Inc. is 2.099B.

When is the next earnings date for Wheels Up Experience Inc.?
The upcoming earnings date for Wheels Up Experience Inc. is May 12, 2024.
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About Wheels Up Experience Inc.

Wheels Up Experience. Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial tra... UP Profile

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