United Airlines Holdings, Inc Stock Forecast

Volatile ride for United Airlines Holdings, Inc stock price on Wednesday moving between $44.11 and $49.14
(Updated on Apr 17, 2024)

UAL Signals & Forecast

The United Airlines Holdings, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $43.13 and $44.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 18.76%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for United Airlines Holdings, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $41.62 and $41.50. 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, United Airlines Holdings, Inc finds support just below today's level at $41.62. If this is broken, then the next support from accumulated volume will be at $41.50 and $40.49.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.03 between high and low, or 11.40%. For the last week, the stock has had daily average volatility of 5.08%.

Our recommended stop-loss: $46.83 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (UAL) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect United Airlines Holdings, Inc to open at $47.33, and during the day (based on 14 day Average True Range), to move between $46.76 and $50.72, which gives a possible trading interval of +/-$1.98 (+/-4.07%) up or down from last closing price. If United Airlines Holdings, Inc takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $41.62, some $7.12 (14.61%) from the current price of $48.74, our system finds the risk reward attractive.

Is United Airlines Holdings, Inc stock A Buy?

United Airlines Holdings, Inc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.355 Strong Buy Candidate Upgraded

Predicted Opening Price for United Airlines Holdings, Inc of Thursday, April 18, 2024

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