UPS trade ideas
UPS- Clsoing PostionWill close position tomorrow before close due to FDX earnings report after close. +3% profit
UPS- WatchlistWaiting for UPS to reclaim above 50MA on weekly. Stop $102, target $122
+13% potential profit. Loss -5%
UPS at a thin cloud cross zoneDecent odds for a cloud cross coming soon. weekly chart also supporting this move hire.
UPS Downside ecpected1. Strong move down followed by price consolidation suggests continuation
2. Strong break followed by consolidation below trend line
3. Finally seems like consolidation pattern has broken down and is creating a flag
Upon flag break I suggest going short
Slight Drop Ahead For UPSOn May 2, 2017, the UPS 100 day moving average (DMA) crossed below its 200 day moving average (DMA). Historically this has occurred 12 times and the stock drops a minimum of 0.531%. The median drop is 2.948% and maximum drop is 7.001% over the next 17 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.3348. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral and may not have major sudden price swings.
The true strength index (TSI) is currently -2.4060. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending up.
The positive vortex indicator (VI) is at 0.9788 and the negative is at 0.8750. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been slowly cycling with crest to trough occurring in less than 14 days. With both indicators below 1, anything can happen.
The stochastic oscillator K value is 66.0265 and D value is 77.6110. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 1.91% over the next 17 trading days.
Go longWhy I like this stock:
The stock bounced at a very strong support line.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal.
When you see a nice downtrend move or uptrend move and then an bounce on the other side for a nice gain, it means that something is about to change in the direction of trend and this is what happen today.
UPS - RiskReversal After Stop PainLot's of stops where hit probably behind the bigger structure.
It's the Sine Wave center, that is usually broken, bevor price returns in the opposite direction.
So, this is my chance and I'm on with my RiskReversal for a credit.
P!
Ups Stock To ShortUps is looking good as moving in downtrend and if it breaches the Lower Trend line Then there will be a good opportunity to short this stock up with take profits @ flag UPS.
United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a $119.82 price objective on the stock. Vetr‘s price target points to a potential upside of 3.83% from the stock’s current price.
UPS Day Trade BreakoutUPS and FDX both have been going bullish for a good while and setting off multiple timeframe bullish signals. Today though the lower timeframes are breaking down triggering reversals. This could be some profit taking down to swing trading support levels. The 30m breakout setup on UPS and I took it around the opening when my alert triggered. I went in with short term Put options looking to hit my target at 109.26.
one more wave down?looks like we may see another c wave down soon
however no price action to confirm b wave is completed
UPS POINTS DOWN - SHORT SETUPAfter a big rallye (ABC) the price realizes a double top, breakout on the neckline, test on the same line and straight down. Possible target 95$ level, 6,5% gain.
UPS heading to new highFrom its 2015 high, UPS declined in a textbook Elliott pattern. We label that decline as a simple ZigZag and as usual either it is all of a correction or part of it. Either way, UPS will eventually make new high and for the coming weeks UPS should go up at least in 3 waves. That view will hold as long this year low is not breached.
Markets are patterned but the key is not try to label everything. Just look for the clearest patterns which have the right look. UPS is definitely once of those rare instances where not only do we have a clear count but Fibonacci is there too with wave B ( an expanded flat ) retraced 61.8% of wave A and then, wave C = wave A.
