Has United Airlines Reached Its Maximum Altitude?

23 มี.ค. 2022

United Airlines has taken off in the last two weeks, but some chart watchers may think it’s reached its highest altitude.

The key pattern on today’s chart is the $40-42 area level. UAL jumped above this price zone in November 2020 when the vaccine news emerged, followed by a successful retest in January 2021. The airline held $40 again in December, January and February before knifing lower in early March. Now UAL is trying to reclaim this range. Will it provide support again, or become new resistance?

Second, notice how stochastics have returned to an overbought condition. This has marked tops several times in the last year.

Finally, the macro environment remains difficult given the rise in energy costs and the increasingly hawkish Federal Reserve.

TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.

Important Information
TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.

Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.