United Parcel Service Inc Stock Forecast
Green day on Thursday for United Parcel Service Inc
(Updated on Apr 18, 2024)
The United Parcel Service Inc stock price gained 0.344% on the last trading day (Thursday, 18th Apr 2024), rising from $142.25 to $142.74. During the last trading day the stock fluctuated 1.01% from a day low at $141.88 to a day high of $143.31. The price has fallen in 6 of the last 10 days and is down by -4.84% for this period. Volume fell on the last day by -802 thousand shares and in total, 3 million shares were bought and sold for approximately $463.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $134.48 and $153.55 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 0.344%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $144.84 and $150.38. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for United Parcel Service Inc stock
United Parcel Service Inc finds support from accumulated volume at $142.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.43 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 1.74%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect United Parcel Service Inc to open at $142.64, and during the day (based on 14 day Average True Range), to move between $139.60 and $145.88, which gives a possible trading interval of +/-$3.14 (+/-2.20%) 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 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $142.41 (0.23%) than the resistance at $143.79 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
United Parcel Service Inc will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.55. We will update the financials statements for United Parcel Service Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.46% in the first trading day after earnings release.
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.
Current score: -1.818 Sell Candidate Unchanged
Predicted Opening Price for United Parcel Service Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $142.64 ( 0.0677%) | $142.74 |
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 | 144.07 | 0.93 % | |
| R2 | 143.53 | 0.551 % | ||
| R1 | 143.19 | 0.315 % | ||
| Current price: | 142.74 | |||
| Support | S1 | 142.10 | -0.450 % | |
| S2 | 141.76 | -0.687 % | ||
| S3 | 141.21 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.63 | 4.13 % | |
| R2 | 145.06 | 1.63 % | ||
| R1 | 143.79 | 0.736 % | ||
| Current price | 142.74 | |||
| Support | S1 | 142.41 | -0.231% | |
| S2 | 141.90 | -0.588% | ||
| S3 | 141.85 | -0.624% |
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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