UPS may fall to 106.20 - 111.80

Our pivot point is at 137.3.

Our preference

The downside prevails as long as 137.3 is resistance.

Alternative scenario

Above 137.3, look for 146.7 and 152.3.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 137.588 and 138.404).

Supports and resistances

152.3 **

146.7 *

137.3 **

133.5

128.83 (USD-last)

117.4

111.8 **

106.2 *

100.7 **

Number of asterisks represents the strength of support and resistance levels.