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Uptrend Broken SupportArchive
- 4/26/2024 -
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United Continental Holdings (UAL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the United Continental Holdings (UAL). During the week, the UAL gained 1.46 points, or 2.84%, and closed at 52.84 on Friday, April 26, 2024. Weekly volume was 40% above average.
UAL 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 UAL long-term trend chart]
A long-term downtrend had started on July 21, 2023 at 58.23 and reached 33.68 on October 27, 2023. UAL lost 24.55 points, or 42.16%, in 14 weeks. The price is now at the 78.04% retracement level.
 Medium-term trend: [See UAL medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 33.68 and reached 54.67 on April 23, 2024. UAL gained -20.99 points, or -62.32%, in 25 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (42.43) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See UAL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See UAL short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 40.10 and reached 54.67 on April 23, 2024. UAL gained -14.57 points, or -36.33%, in 7 days. The price is now at the 12.56% retracement level.
 Daily Technical Indicators: [See UAL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 16, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands is 144.41% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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