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Downtrend Broken Resist.Archive
- 4/19/2024 -
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Union Pacific (UNP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Union Pacific (UNP). During the week, the UNP gave back -2.32 points, or -0.99%, and closed at 232.08 on Friday, April 19, 2024. Weekly volume was -9% below average.
UNP is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See UNP long-term trend chart]
A long-term uptrend had started on March 23, 2023 at 183.69 and reached 258.66 on February 26, 2024. UNP gained -74.97 points, or -40.81%, in 48 weeks. The price is now at the 35.45% retracement level.
 Medium-term trend: [See UNP medium-term trend chart]
A medium-term downtrend had started on February 26, 2024 at 258.66 and reached 227.87 on April 17, 2024. UNP lost 30.79 points, or 11.90%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 226.24 and resistance is at 238.72. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See UNP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See UNP short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 227.87 and reached 232.81 on April 19, 2024. UNP gained -4.94 points, or -2.17%, in 2 days. The price is now at the 14.78% retracement level.
 Daily Technical Indicators: [See UNP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 29, 2024.
A Parabolic SAR (stop and reversal) indicator (233.74) comes close to the price (232.08). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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