United Parcel Service Inc Stock Forecast
Weaker technical forecast for United Parcel Service Inc as stock downgraded to Sell Candidate.
(Updated on May 01, 2024)
The United Parcel Service Inc stock price fell by -1.06% on the last day (Wednesday, 1st May 2024) from $147.48 to $145.92. During the last trading day the stock fluctuated 1.90% from a day low at $145.37 to a day high of $148.13. The price has risen in 7 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume has increased on the last day by 69 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, 2 million shares were bought and sold for approximately $330.53 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect United Parcel Service Inc stock with a 90% probability to be traded between $142.10 and $157.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UPS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.58%. Further rise is indicated until a new top pivot has been found. 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 United Parcel Service Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $147.49 and $149.00. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for United Parcel Service Inc stock
United Parcel Service Inc finds support from accumulated volume at $145.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.76 (1.90%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UPS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect United Parcel Service Inc to open at $146.47, and during the day (based on 14 day Average True Range), to move between $142.85 and $148.99, which gives a possible trading interval of +/-$3.07 (+/-2.10%) up or down from last closing price. If United Parcel Service Inc takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $145.36 (0.38%) than the resistance at $147.33 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Parcel Service Inc stock A Buy?
United Parcel Service Inc holds several negative signals and is within a 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 Buy to a Sell candidate.
Current score: -1.658 Sell Candidate Downgraded
Predicted Opening Price for United Parcel Service Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $146.47 ( 0.379%) | $145.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UPS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.23 | 2.27 % | |
| R2 | 148.18 | 1.55 % | ||
| R1 | 147.53 | 1.10 % | ||
| Current price: | 145.92 | |||
| Support | S1 | 145.42 | -0.343 % | |
| S2 | 144.77 | -0.790 % | ||
| S3 | 143.71 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.76 | 6.06 % | |
| R2 | 148.63 | 1.86 % | ||
| R1 | 147.33 | 0.97 % | ||
| Current price | 145.92 | |||
| Support | S1 | 145.36 | -0.384% | |
| S2 | 143.79 | -1.46% | ||
| S3 | 141.85 | -2.79% |
UPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Mar 08, 2024 | $1.63 | 1.06% |
| 2 | Nov 01, 2023 | Nov 10, 2023 | Nov 30, 2023 | $1.62 | 1.07% |
| 3 | Aug 03, 2023 | Aug 11, 2023 | Aug 31, 2023 | $1.62 | 0.96% |
| 4 | May 03, 2023 | May 12, 2023 | Jun 01, 2023 | $1.62 | 0.97% |
| 5 | Jan 31, 2023 | Feb 17, 2023 | Mar 10, 2023 | $1.62 | 0.89% |
FAQ
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