UAL unable to break through key resistance level

United Continental Holdings Inc. (UAL) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team


UAL unable to break through key resistance level
UAL fails to close above 100-day moving average
UAL closes higher for the 3rd day in a row
UAL closes within previous day's range after lackluster session


Moving higher for the 3rd day in a row, UAL finished Monday at 67.31 gaining $0.77 (1.16%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.

Daily Candlestick Chart (UAL as at Apr 16, 2018):

Daily technical analysis candlestick chart for United Continental Holdings Inc. (UAL) as at Apr 16, 2018

Monday's trading range was $1.47 (2.2%), that's below last trading month's daily average range of $1.94. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

Unable to break through the key technical resistance level at 67.51, United Continental closed below it after spiking as high as 68.18 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After spiking up to 68.18 during the day, the market found resistance at the 100-day moving average at 67.36.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Market Conditions for UAL as at Apr 16, 2018

Loading Market Conditions for UAL (United Continental Holdings Inc.)...
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