Bearish Alert : UALNew bearish alert on the daily chart. The crossover should come on the next days.
There is a good level at $48 which may hold the price.
UAL trade ideas
RSI DIVERSIONSmall megaphone appears to be forming.
Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows.
The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction.
Megaphone pattern is known to give multiple trading opportunities to the trader.
This pattern also can be traded when it fails but is necessary to identify the failure perfectly.
Sometimes only pattern is not enough to take best trading decisions you may need multiple indicators to identify better entry and exit points.
There is also a mismatch between price and RSI. This divergence may have already corrected.
To me megaphones are a difficult pattern to trade.
No recommendation
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!
UAL looks prime for a move upI think UAL is ready for a move higher. Starting with the month, it's been slowly working its way back up. Getting above June's high would be a signal to look for actionable price-action entries to play toward the liquidity areas (liq. on the chart). I'll wait for the pullbacks after taking they take out the shorts and ride the move up to the next one.
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 $1320 for ten contracts
and the profit expectation is 100% over the next 10 trading days.
United Airlines ($UAL) LongBullish flow on the UAL 8/18 57.5/65C spreads with a short 8/18 50P. The same whale had been shorting the 44P and buying upside call spreads for July. Those calls are ITM.
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.
Is United Airlines Taking Off?Cyclical stocks like United Airlines have struggled since the banking crisis in March, but now the carrier may be regaining lost altitude.
The first pattern on today’s chart is the series of higher lows since early April. They’ve formed a potentially bullish ascending triangle in the last three weeks.
Next, Bollinger Bandwidth has tightened. Will movement expand after that kind of narrowing price action?
Third, directional indicators may favor the upside with MACD and the 50-day simple moving average (SMA) rising.
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United (UAL) poised for a breakout?United looks poised for a breakout. It continues to use the more recent support level at about $40.54 to rebound and head upwards. It has been moving mostly laterally but also has been making progress upwards. Based on it RSI (64.67) and its D+ line crossing over the D- line and the ADX beginning to slope upwards to show that the trend is gaining momentum, the technical indicators show that it is poised for a breakout. That is just the technical side of it; today, their CEO talked about how they were investing over $8 billion and that they have set multiple days with record travel in the month of June. That coupled with a price to earnings ratio of 8.15 and its good technicals show that it will breakout in the near future. I will be taking a long position and recommend you do the same as well.
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.
UNITED AIRLINES Stock Chart Fibonacci Analysis 042923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 44/61.80%
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 ❤️
Watchlist 2023-04-20 $SPY $XPEV $LVS $MGM $UAL $TSLA AMEX:SPY - pointing lower again this morning dropping a modest 0.7%. We have mostly reached the 410 pivot I talked about yesterday after we saw a clear 5 min rejection of the 413.5 - 414.5 pivot midday. If price action continues showing signs of sellers in control (strong red bars and sequential green bars with lower vol), next support I am looking at it 409.
8:30 - Initial jobless claims: Expected 240,000; Prior 239,000
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:LVS - Swings to Profit in Q1 After Sales Surge, receives multiple price target upgrades. Gapping 1.8 ATRs but only on PM RVOL of 1.0, so we don't want to chase this gap. Wait for a retest of the range high around 60.40. Important to see the tape slow at this level and see buying. We also don't want a stuff move and then a strong red bar to this area. If we see that the idea is less likely to work well. But, we there is a shift move away after reaching this price, idea is valid.
NYSE:MGM - similarly - a sympathy plan on MGM is also valid as it hasn't broke it's range high yet. This could be a good play over 46.23 if LVS is super strong off the open
NASDAQ:TSLA - dropped by over 6% after the company's first-quarter earnings results were published. Despite beating estimates for earnings per share and revenue, Tesla's net income fell by 24% YoY to $2.51 billion
NYSE:SCHW - continuation long over 54.25. TSLA always feels like a crowded trade for me, If it gives a retracement opportunity around 171, would consider a short. But after sure a significant drop, the risks for me of taking a PM support break after a 6% dropped as a little too high. However, it's fully possible for TSLA to make a shift moved lower off the open.
NYSE:XPEV - focusing on a sympathy short with XPEV as they will be impacted even more from the price reductions they were forced to make to keep up. If it stay weak off the open, short with a hold under 9.51 which is range AND PM support. If we get a retracement, try a starter with a test of 9.75 and add after price confirms direction. First Target is 9.00, then 8.80 if weakness ensues.
Other watches:
NASDAQ:UAL - strong day PD. Looking for a day 2 continuation over 46.30
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.
UAL UAL 44.26
1. Got Golden Pocket support 42.57 and above the POC
2. Needs to break 45.05 to see 45.64(d100MA)
3. if break d100MA 45.64 then 47.57
4. if 42.57 support break down then 41.5 support of d200MA and Trendline support
United Airlines (UAL): Buy the DipUnited Airlines (UAL) stock recently dipped over 20% as a result of poor guidance for Q1. The company over estimated for Q1. However, United is positive for Q2 based on bookings. So, if they were to lower guidance for Q2 and the rest of the year, I would say the sell off might be justified. However, that is not the case. UAL's EPS projections remain $10 to $12 for the full year. So, this is a buying opportunity in my opinion.
The technical perspective shows the stock near an oversold condition on the daily chart RSI. The price could dip further to the next support level in the $30s, but it might find a bottom around the current level in the low $40s. Check out my link below for a full article.
$UAL Riding the Turbulence$UAL stock dropped due to Q1 cost and downtime headwinds, but airlines expect strong demand and Q2 profitability.
I'm opening 1/3 call position, adding 2 more times if weakness continues:
Strike: $45.
Exp: 6/16/23 or later
Cost: $3.60 per contract
The cost per contract could be lower based on market movements tomorrow. I plan to swing my first 1/3 $UAL call position through #FOMC and will update on this position going forward to the point of sale.
MA lot of Red candles in a row.
I guess the travel trade is also suffering today.
No recommendation.
Peak 2 is higher than peak 1. Possible Shark that should reverse when a bottom is found.
UAL - BULLISH SCENARIOUnited Airlines is one of the few airline stocks that registered growth in the last 3 years, and also the airline that recovered faster than the competition at the beginning of the pandemic. Breaking the 55 resistance can pursue the 63 high during the pandemic. UAL has vast expansion plans. In December, UAL made a historic purchase of 200 new 787 Dreamliners from Boeing (BA). BNP Paribas put a price target of 70 dollars after upgraded the stock to outperform from underperform.
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UAL in descending triangle.United Airlines Holdings -30d expiry - We look to Sell a break of 47.57 (stop at 49.87)
We are trading at overbought extremes.
Trades with a bearish descending triangle formation.
Expect trading to remain mixed and volatile.
A break of the recent low at 47.77 should result in a further move lower.
The bias is to break to the downside.
A higher correction is expected.
Our profit targets will be 41.57 and 40.57
Resistance: 51.50 / 52.34 / 53.26
Support: 49.00 / 47.77 / 46.88
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.
Bull Pennant on United AirlinesThere is a bull flag on United Airlines formed looking for a break through of the upper trendline of flag
