United Airlines: Sell signal, week 3
United Airlines stock rebounds 2.6% but the Sell signal loses steam
United Airlines: Sell signal, week 3
Our view last week
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.
This week's summary
United Airlines closes the third week of its Sell signal with a 2.6% bounce, the second in a row after last week's double bottom. Volume is thinning out though, and sellers still edge out buyers on the latest bar: signal strength drops to 2 out of 100, a decline that has lost its push. United Airlines stock stays boxed into a tight range between support and resistance: this week's technical analysis still calls for caution.
IQS Phase
45
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#135 / 138
US stocks sell signals
Trade P&L %
-5.13%
from signal to date, no stop loss
Rank position
ranks 135th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
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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