UPS SHORTVery strong resistance ups has just hit. If we also look at the daily timeframe we see a doji candle form a long-legged one to be specific and that can be a good candle stick to identify trend reversals
UPS trade ideas
UPS - LONG ( swing strategy )trying lower timeframes (1h)
enter price -150.06
stop loss -148.88
take profit -153.32
swing 10 high low strategy
DETAILS: the price started the day with a strong gap up , big bullish candle ( that responded well to the ema 200 ) + strong volume the candle broke the swing 10 high
Meditation stock UPS to $137 shortI asked for a stock this morning and like it when things pop in almost before I even finish the thought of asking. This morning it was UPS.
The chart made a lower high (as it currently appears), and I had the number 14 immediately as well. I thought of 14 as a percent and "saw" my symbol for the down direction, and the general impression for down.
I just did some dowsing on it and asked for the target price, which came in at $137. I was very happy to run the calculation of 14% taken from yesterday's close of $160 to find it is also $137!
Earnings are the morning of the 30th and I have this as only a 9 day kind of move with an additional date of 2/12 to keep in mind.
That's all!
UPS eyes on 158.10 above and 150.74 below, into earnings reportUPS is hugging the underside of a major fib.
Today after-hours will be an earnings release.
What happens here could mark a turning point.
See if breaks above 158.10 or drops to 150.74.
Highly enthusiastic target above is around $170
Very bad news like FDX might target $139 below.
(Drag DOWN on the price scale to see above/below)
I have no idea of the fundamentals of this corp.
I am presenting only the current technical stance.
Hopefully you know/own UPS and find this helpful.
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UPS Stock Chart Fibonacci Analysis 091323 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 162/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$UPS Announced Plans to Cut 12,000 Jobs
In a strategic move responding to disappointing annual revenue forecasts and the evolving landscape of the logistics industry, United Parcel Service ( NYSE:UPS ) recently announced plans to cut 12,000 jobs and explore options for its Coyote truckload freight brokerage business. The decision comes as UPS grapples with weaker-than-expected demand in the e-commerce sector and a shifting market dynamic.
Earnings Result
The courier giant, often considered a bellwether for the U.S. economy, reported a 6.9% decline in international revenue and a 7.3% dip in domestic revenue for the fourth quarter. These two segments, which constitute a significant portion of UPS's revenue, have seen continuous declines for the past several quarters. The company's struggles reflect broader challenges in the industry, with customers increasingly favoring ground-based delivery over more expensive air-based services.
CEO Carol Tome addressed the company's outlook, noting that the small package market in the U.S. (excluding Amazon) is expected to grow by less than 1%. This, coupled with customers shifting to ground-based services, has put immense pressure on both UPS and its competitor, FedEx.
The fourth-quarter revenue of $24.9 billion fell short of analysts' estimates of $25.43 billion, marking a 6.9% decline from the previous year. Adjusted profit also saw a significant drop, falling to $2.47 per share from $3.62 a year earlier. However, this figure slightly surpassed analysts' estimates of $2.46 per share.
The company's struggle is further exacerbated by labor contract-related costs, expected to be approximately $500 million more than initially estimated in the second half of 2023. The recently negotiated labor deal, effective from August 1, is anticipated to impact the company's profitability in the first half of 2024 due to increased wage costs.
NYSE:UPS is now eyeing a future marked by efficiency improvements and a shift towards higher-profit deliveries, such as medical supplies. The company is determined to recover business lost during contentious union talks last summer and combat the impact of changing consumer behavior, including increased in-store holiday shopping and reduced buying power due to inflation.
Challenges
As NYSE:UPS faces headwinds in the air freight sector, it has reduced flights in response to slack demand, particularly from China. The recent disruptions in shipping routes, such as those caused by Houthi rebel attacks in the Suez Canal and a drought restricting ship movements in the Panama Canal, pose uncertainties about potential shifts in business towards air cargo.
Future Outlook
Looking ahead, NYSE:UPS CEO Carol Tome plans to outline long-term goals in an investor meeting scheduled for March. The company's 2024 revenue forecast of $92 billion to $94.5 billion falls below analysts' expectations of $95.57 billion, reflecting the challenges and uncertainties that lie ahead.
Conclusion
NYSE:UPS finds itself at a critical juncture, navigating a complex web of challenges ranging from shifting market dynamics and weaker demand to labor cost pressures. As the company charts its course for the future, stakeholders will be closely watching the strategic decisions and innovations that will shape NYSE:UPS 's trajectory in the ever-evolving logistics landscape.
UPS long at the supportHello everyone!
UPS has been in a downtrend for a long time however recently the price created the first higher low which might be the sign of the trend reversal. We are expecting a small pullback to retest previous resistance and confirm it as a support. Long position can be taken at the retest and the target would be on the next horizontal resistance. Target for longs is at 156 dollars.
Do you agree?
$UPS Fibonacci Support LevelsTo determine Fibonacci retracement levels:
Identify the Recent Range: You need to identify the most recent significant peak and trough on the stock's chart.
Draw the Levels: Using those two points, you draw horizontal lines to indicate where potential support and resistance levels should be. These are based on key ratios identified by Fibonacci which are: 23.6%, 38.2%, 50%, 61.8%, and 100%.
Analysis: Once these levels are identified, they can be used to identify potential support levels where the stock might find "floor" prices and rebound, or potential resistance levels where the stock might start to face selling pressure.
UPS ready for a 20% moveUnited Parcel Service Inc. (UPS) having previously closed below key support, showing potential weakness.
However, there is significant support below present price levels.
Holding above secondary support, (UPS) is susceptible to recovery over the months ahead.
A weekly settlement above near-term resistance would place (UPS) in a buy signal where gains of 20% would be expected over the next 3 - 5 months.
Inversely, closing below support would elicit a sell signal where losses of 20% would be expected over the same time horizon.
UPS has some, uh, GAPSI was looking into UPS as a possible investment, and wanted to get a price, but after looking at the chart, I'm not sure it's worth it. There seems to be a lot of potential downside, including a pretty sizeable gap around $120.
With almost everyone telling me the market is going to crash, I'm thinking we won't see it crash just yet, which does allow for some return in UPS's price to around $223-$225. The question, does it bounce there or keep going? I'm not sure, which is why I'll wait for confirmation of price action, but it's looking like UPS needs to cool off a bit. The move to $108 would be around a 45%-50% drop, which really isn't out of the question as it brings us back to pre-covid levels, when the shipping craze started.
Thoughts?
Down Weeks Ahead for UPSWeekly chart of UPS
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to 135. There is a support just below this region. That's where UPS is likely to stop its current downtrend.
UPSIt's crazy how a few candles can completely change the look of a chart. Just a reminder to always keep an open mind. This chart had great potential but now looks horrible imo. Head & shoulders neckline is $155. I have a target of $80 if it breaks which would put price right around the c0vid lows.
