United Airlines: sell signal in its 2nd week
United Airlines rebounds 2.5% as the sell signal awaits confirmation
United Airlines: sell signal in its 2nd week
Our view last week
United Airlines shares dropped 8.4% in a week marked by sellers extremely dominant on the last bar and contracting volume: after weeks of gains, a fresh sell signal now fires. Earnings just landed and the reaction was harsh. The weekly picture stays bearish-intermediate, with IQS at 52 and signal strength very high, at 100 out of 100: a downtrend making lower lows, pace holding. The stock is still 47.6% above its 200-week average.
This week's summary
After losing 8.4% last week when the sell signal opened, United Airlines shares recovered 2.5% this week, carving out a clean double bottom in the 112 area with a 24% intermediate rebound. It's only the signal's second week, and signal strength drops to 40, reading an isolated weekly drop still to be confirmed. This week's technical analysis calls for caution: price is boxed into a tight range between resistance and support.
IQS Phase
54
ordinary
Signal Strength
40
isolated weekly drop
Sizing
REDUCED
Ranking
#66 / 141
US stocks sell signals
Trade P&L %
-2.48%
from signal to today
Rank position
ranks 66th among the 141 sell signals for US stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
UAL belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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