Sell signal, week 13, earnings on October 20
United Airlines drops 4.5% onto its 50-week average with earnings just ahead
Our view last week
United Airlines stock slipped 1.3% and lost its 20-week moving average again, a level it had reclaimed only last week with a 4.9% gain. Money flow stays positive for a 2nd week but has stopped improving, and ADX has been falling for 7 weeks: for price action trading, this is a stalled decline with no push behind it. On the daily chart the stock bounced 3% off the 109 area. Among US stocks on a sell signal, the short is up 2.5% since entry, with earnings due on October 20.
This week's summary
The run of 6 higher lows that had held the daily chart since mid-September has been broken, and the week closed 4.5% lower after a rejection at the 20-week average, in the 113 area. United Airlines stock, which was bouncing off the 109 area a week ago, is back leaning on its 50-week average, in the 107 area. Money flow is still positive but thinning. The short is up 6.9% since entry, with earnings due on October 20: among US stocks, a setup to weigh with care.
IQS Phase
44
ordinary
Signal Strength
36
decline starting to make lower lows
Sizing
REDUCED
Ranking
#39 / 174
US stocks
Trade P&L %
+6.89%
from signal to date, no stop loss
United Airlines (UAL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 39th among the 174 sell signals for US stocks in our ranking, with a signal strength of 36 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -0.41% · monthly -1.48%
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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