Trading Idea 031: UPSMarket Conditions:
- bullish trend
- possible false breakout / reversal
- bullish sentiment in the market
Key Level and Lines:
- $191.60 resistance
Trading Ideas:
- go short using a false breakout / reversal signal from the resistance
- go long if the price moves above the resistance and consolidates above for a few days.
UPS
UPS - BULLISH SCENARIOUPS is scheduled to report fourth-quarter 2022 results on Jan 31, before the market opens.
The company has an impressive earnings surprise history.
UPS is expected to post earnings of $3.59 per share for the current quarter, indicating no change from the year-ago quarter.
The revenue forecast is $28.13 B.
The first target is located at the $210 local resistance level.
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UPSA good opportunity to long position and get a good profit from the attractive American stock market
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UPS, INC - BEARISH SCENARIOHeadquartered in Atlanta, Georgia, United Parcel Service, Inc. is a package delivery, transportation, logistics, and related services, provider.
It is the largest package-delivery company, operating globally.
The company and its share price had benefited from pandemic-related spikes in demand, but
due to the normalized environment and a decline in volume in its US domestic business Q3`s results were unsatisfying.
The expectations are for a re-test of the resistance and a new low located at the $ 150 level
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Market upUPS, 3M and General Motors all posted better-than-expected earnings. Shares of UPS and GM rose in early trading, but 3M dipped 1.6%.
Coca-Cola also reported stronger-than-forecast earnings, sending the stock up 1%.
So far this season, companies have proven they may be faring better than anticipated.
UPS United Parcel Service Options Ahead of EarningsMy recent experience with those global package delivery companies was extremely painful. The have raised their prices a lot, on some occasions you pay the same price to send something to another country than taking the trip yourself and deliver that package in person.
So i have tried to avoid UPS, like many of you, and go for smaller unknown companies. I think this attitude will reflect in the upcoming earnings.
Looking at the UPS United Parcel Services options chain, i would buy the $160 strike price Puts with
2022-11-4 expiration date for about
$4.85 premium.
Looking forward to read your opinion about it.
UPS up for another drop.I just love these stocks that make an obvious hint for a drop in an otherwise bearish market. Going with the flow is always easier in general trend. Imagine swimming in a river and going against the current. Same with the market. Putting a long in this current general environment is extra risky.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
UPS Post Earnings PullbackNYSE:UPS Triggered a spike alert this morning which is happening at the 50% Retracement of the Post Earnings Rally. (see below for Daily higher timeframe context)
These are the real "earnings plays" that can yield positive returns rather than trying to buy a guess on the day before. Trying to buy or sell the day before earnings is a guess but very often earnings cycles create these setups weeks after a move has occurred with a much higher probability than a 50/50 bet.
Ascending triangle on United Parcel Service. UPSWe have completed a very harmonious, symmetrical ascending triangle on UPS. And as we know a weak impulse or a corrective pattern always follows a triangle.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
UPS - Blue Chip, 3 month base breakoutBreaking out from a 3 month base. Buy the breakout now with a pilot position or wait for a minor technical pullback.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
UPS Long IdeaObviously overall market conditions will have a part to play in this trade. Relative Strength Index showing divergence on the daily indicating that a bullish reversal may be coming. Horizontal weekly support and channel support there to help the situation. MACD showing signs that it could turn positive soon, definitely one to watch. Will be looking for an entry on counter trend line break with target at top of channel.
UPS looking to fall. UPSGoals 199, 190, 185. Invalidation at 230.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$UPS $BA $DIS $BABA I OptionsSwing WatchlistUPS 4H I UPS possible ascending triangle. Seems to be testing the bottom of the pattern we can attempt to catch the bottom on this name with a tight stock below $206.
BA 1H I The breakout we wanted above $219 happened last week. BA can hit $230 resistance this week before pulling back as earnings approach on 01/26.
DIS 2H I Strong bounce on DIS at the bottom of our channel. We've picked up unusual activity betting it could fill the gap to $155. Watching a break above 01/14's high.
BABA 1D I Jumped to a high of $138.70 last week. Retraced as the markets pulled back and it is now holding support above $130. Possible breakout on the 15M time frame.
UPS not delivering. UPSShort term outlook.
Bearish outlook for gains at 207, 199 then 193. Invalidation at 236.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!