UPS pushes through previous session high


United Parcel Service Inc. (UPS) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team

Highlights

UPS dominated by bulls lifting the market higher throughout the day
UPS closes higher for the 5th day in a row
UPS ends the day on a bullish note closing near the high of the day
UPS pushes through previous session high
UPS rises to highest close since March 16th

Overview

Moving higher for the 5th day in a row, UPS finished Monday at 109.25 gaining $2.00 (1.86%) on high volume. Today's closing price of 109.25 marks the highest close since March 16th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 108.34, the share confirms its breakout through the prior session's high having traded $1.05 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

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

Daily technical analysis candlestick chart for United Parcel Service Inc. (UPS) as at Apr 16, 2018

Monday's trading range was $1.23 (1.14%), that's far below last trading month's daily average range of $2.23. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Although the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Further buying could move prices higher should the market test March's nearby high at 111.20.


Market Conditions for UPS as at Apr 16, 2018

Loading Market Conditions for UPS (United Parcel Service Inc.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when United Parcel Service Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!