$UAL. New meme stock. To the moonUnited airlines, nothing short of unprecedented move. In four months quadrupling shareholders value. Nothing short of spectacular. However, according to Simply Wall Street fair value is at $17.62. Fundamentally nothing changed in the last 4 months, at least not to cause this kind of move. Technically both the decline from Dec 2019 and the moonshot from August 2024 have moved at exactly same angle. And if this happens again one can expect the next downturn to be quick. Might consolidate before heading down like in the last cycle. Time will tell. I see it going to $114, Blow off maybe $120 ish, then down.
Time will tell
UAL
DAL... We have take offGood morning traders,
If you have been following my predictions on DAL and UAL, well... WE HAVE TAKE OFF! OB has been tested, we could see a pullback testing the previous red candle but should be a decent flight from there on out. Some turbulence along the way, but shouldn't be big enough to knock this plane down.
All previous areas have been tested and structurally it looks great. Hang on tight a bit more we are almost there. Keep UAL on your sights, this has much more traveling to do which means bigger profits as well.
Hope you enjoy the rest of your day, and don't forget to follow for all my other predictions. Have a great rest of your week, happy trading & God Bless!
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings:
Now analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 62.5usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
American Airlines AAL approaching an important level AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then
consolidated in a tight range and then a retracment trend up. Price has reached the top
of the high volume area of the volme profile. It is near to the standard Fibonacci retracement
zone tooled onto the chart. This zone from above rejected price on March 7 and 8.
AAL has had news of late about baggage problems but then came the news about an agreement
about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make
break through the zone and then rise as much as 5%. However, it could be rejected and
5% into its support based out during the consolidation.
UAL Falling Wedge Pattern SHORT from the Resistance TrendlineUAL is looking to fall 10% from the upper resistance trendline as the summer travel season
comes to a close. Shorting UAL with a put option in the money expiring in one month. Current
trend shows traders are not impressed by earnings without corresponding revenue support.
Analysts will likely soon proclaim a downgrade.
Can SAVE reverse from a lower low LONGSAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings:
Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 43usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
United Airlines Soars 14.63% Above Boeing TurbulenceIn the face of Boeing's safety crisis and production woes, United Airlines (NYSE: NASDAQ:UAL ) has defied expectations with a stellar first-quarter performance, propelling its shares skyward. Despite absorbing a significant blow from the grounding of Boeing's 737 MAX-9 aircraft, United's robust earnings and bullish outlook for the second quarter signal resilience and a promising trajectory. Let's delve into the factors driving United's ascent and its implications for investors and the aviation industry at large.
1. Earnings Triumph Over Boeing's Impact: United Airlines' first-quarter results have surpassed expectations, showcasing the company's ability to navigate challenges posed by Boeing's ongoing safety crisis. Despite absorbing a $200 million hit from the Boeing grounding, United's strong financial performance underscores effective management and strategic resilience in turbulent times.
2. Optimistic Profit Forecast: United's upbeat profit forecast for the second quarter reflects a bullish outlook on travel demand, fueled by improving corporate spending. The airline's optimistic projection signals confidence in the recovery of the aviation sector and positions United as a frontrunner in capitalizing on renewed travel momentum.
3. Capacity Constraints and Boeing Fallout: Boeing's production and certification delays have created aircraft shortages, constraining capacity for major airlines like United. While grappling with reduced delivery estimates and operational challenges, United ( NASDAQ:UAL ) remains steadfast in its commitment to maintaining service quality and meeting passenger demand amid industry headwinds.
4. CEO Assurance Amid Safety Concerns: United's CEO, Scott Kirby, has expressed confidence in the safety of Boeing's 787 Dreamliner amidst ongoing investigations into the planemaker's manufacturing practices. Kirby's reassurance underscores United's commitment to passenger safety and transparency, mitigating concerns raised by recent whistleblower allegations.
Technical Outlook
United Airlines ( NASDAQ:UAL ) stock is on a bullish trend with a Relative Strength Index (RSI) of 62 indicating strong buying momentum from the bulls. A strong Bullish Harami candle stick pattern indicated on the 4-month price chart further accentuates the bullish thesis of the stock
Conclusion:
United Airlines' impressive first-quarter results and optimistic outlook amid Boeing's challenges demonstrate the company's resilience in navigating turbulent skies. As the aviation industry gradually rebounds from the impact of the pandemic and Boeing's crisis, United ( NASDAQ:UAL ) stands out as a beacon of stability and growth potential.
LUV and Attendants love the Settlement LONGLUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 %
into a bear flag and support followed by a narrow range consolidation and a volatility
squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks
and open seating. The NR7 indicator on watch was firing continuously. I am taking a long trade
here and now with adds at any dips found moving foward. It is hard to pass by an 18% sale.
This will be profitable and will subsidize travel on LUV.
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects
this. Last year price rose in the winder and spring then fell when the summer ended and
reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline.
It is confluent with the second upper VWAP band line suggesting not much room upside as
that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed
to forward forecast from a lookback of the regression line to the left predicts a fall from
the ascending resistance trendline and the underside of that VWAP line. I will short
RCL here and entertain a hedged options trade to insure the short trade. I have shown a
peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts
falling significantly some traders may move their capital to NCLH and help it rise. I will put
NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel
season will be underway in another sixty days and trader interest may rise with accumulation
and price action to follow.
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL calls before the previous earnings:
Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 42usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $0.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
United Airlines in a bear flag.United Airlines Holdings - 30d expiry - We look to Sell a break of 48.38 (stop at 50.38)
Prices have reacted from 58.23.
Short term bias has turned negative.
Price action is forming a bearish flag which has a bias to break to the downside.
There is no clear indication that the downward move is coming to an end.
The trend of higher intraday lows has also been broken.
Our profit targets will be 43.38 and 41.38
Resistance: 50.66 / 52.00 / 54.90
Support: 48.55 / 47.00 / 46.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with
an ascending neckline extension. An anchored VWAP is added. Price is currently in the
deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow
coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside
in the area of the mean VWAP. The second target is the confluence of the July 10 pivot ,
the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red
line) at the area 12.5. This is about 35% upside. I will take this swing long trade and
investigate a suitable call option as well.
United Airlines is accelerating to riseUnited Airlines is accelerating to rise
This chart shows the weekly candle chart of United Airlines stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, since the completion of the double bottom form at the beginning of 2020, United Airlines' stock has been the second largest band to rebound! The rise after hitting the bottom against the 0.618 level of the golden section in March 2022 belongs to the second largest band! Now, the stock of United Airlines is accelerating to rise, and is about to hit 1.382 in the golden section of the chart!
LUV is loving the summer vacation travel LONGLUV has been in a persistent trend up for a couple of months after lackluster earnings were
reported in early May with another due on July 27th. The airports have been quite busy
with vacation travel and Southwest has been part of that action. On the 1H chart, price has
been supported by the line two standard deviations above the mean anchored VWAP which
shows persistent relative strength in a rise of over 25% over two months. Price above the
POC line of the volume profile is another sign of buyer dominance. The MACD indicator show
the lines in parallel and above a positive histogram. The relative volatility indicator shows
sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $40 expiring on July 28th. On the last trading day, this contract had
a low of $ 0.36 and a high of $0.48 for a range of 33% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $480 for ten contracts
and the profit expectation is 100% over the next 15 trading days.
UAL United Airlines Pre Earnings LONGUAL has been in a persistent trend up for a couple of months after great earnings were reported
in early May with another due on July 19th. The airports have been quite busy with vacation
travel and UAL has been part of that action. On the 1H chart, price has been supported by
the mean VWAP and has oscillated to the one standard deviation line above that. I see a target
as 56.80 where the the second deviation lines above the mean aVWAP while placing a stop loss
just under the blue line of one STD above VWAP. The price is below the POC line of the volume
profile which should act as a magnet pulling the price higher. The MACD indicator shows 4
the lines in parallel and above the zero horizontal line with a positive histogram. The relative
volatility indicator shows sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $57 expiring on July 21st. On the last trading day, this contract had
a low of $ 0.95 and a high of $1.32 for a range of 35% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $1320 for ten contracts
and the profit expectation is 100% over the next 10 trading days.
UAL trading in rangeNASDAQ:UAL has been trading in a range since Nov 2021. Currently at the top of the range. On daily its a 2D with Stochastics and MACD pointing downwards. On weekly its an inside bar.
Idea is to go short at the break of weekly low ($51.81). Take profit is at $48.19 where there has been multiple S&R bounces.
UAL in a bullish channel.United Airlines Holdings - Medium Term - We look to Buy at 48.32 (stop at 45.98)
Trading within a Bullish Channel formation.
Trend line support is located at 48.30.
Previous resistance at 48.00 now becomes support.
Previous support located at 48.00.
We look to buy dips.
47.77 has been pivotal.
Our profit targets will be 53.82 and 54.82
Resistance: 50.90 / 51.30 / 52.50
Support: 50.00 / 48.50 / 47.80
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
United Airlines to breakdown?United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15)
Daily signals are mildly bearish.
Trading has been mixed and volatile.
40.43 has been pivotal.
The bias is to break to the downside.
A break of the recent low at 40.43 should result in a further move lower.
The medium term bias is neutral.
Our profit targets will be 34.38 and 33.38
Resistance: 48.38 / 50.00 / 52.00
Support: 45.30 / 44.20 / 42.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
UAL - Rising Trend Channel [MID TERM]- UAL is in a rising trend channel in the medium long term.
- The stock has broken a double bottom formation.
- A decisive break of the resistance at 44.25 will signal a rise to 47.11 or more.
- The stock has marginally broken up through resistance at 46.00.
- An established break predicts a further rise.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Chart Pattern:
- Double Top - DT
- Double Bottom - DB
- Head & Shoulder - HNS
- Rectangle - REC
- inverse head & Shoulder - iHNS
Verify it first and believe later.
WavePoint ❤️
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL here:
Then analyzing the options chain of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing
Calls with a 45usd strike price and an expiration date of 2023-6-16, for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
UAL in a bear flag.United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15)
Short term bias has turned negative.
Posted a bearish Flag formation.
A break of 40.43 is needed to confirm the outlook.
40.43 has been pivotal.
The bias is to break to the downside.
Trading has been mixed and volatile.
The medium term bias is neutral.
Our profit targets will be 34.38 and 33.38
Resistance: 43.50 / 45.06 / 46.00
Support: 42.00 / 40.43 / 38.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.