Stocks

UPS may rise to 146.90 - 149.80

2024-06-23

Our pivot point stands at 132.6.

Our preference

Short term rebound towards 146.9.

Alternative scenario

Below 132.6, expect 128.1 and 125.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 136.894 and 142.757).

Supports and resistances

152.6 **

149.8 *

146.9 **

144.1

136.6 (USD-last)

134.5

132.6 **

128.1 *

125.3 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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