United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis Daily Chart, December 12 2022

TradingLounge
2022-12-12

United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (UPS:NYSE): Daily Chart, December 12 2022, 

UPS Stock Market Analysis: UPS has been moving as expected from the last update. We arelooking at a move off the 155$ lows as a corrective move, being a three wave structure. We are notforecasting either a three wave move or a triangle in wave (b).

UPS Elliott Wave Count: Wave (b) of {b}.

UPS Technical Indicators:Averages are crossing, 20EMa acting as resistance.

UPS Trading Strategy:Look for short term short and then wait for a clearer picture on how wave{b} is going to look like.

TradingLounge Analyst: Alessio Barretta

Source : Tradinglounge.com get trial here!

United Parcel Service Inc.,UPS: 4-hour Chart, December 12 2022

United Parcel Service Inc.,Elliott Wave Technical Analysis

UPS Stock Market Analysis:We could potentially have finished wave a and be in wave b of (b).However the initial move up in potential wave b seems to be a three wave move and therefore wecould still break the low of wave a. Support could be faced at around 167$ where we have largevolume from the previous up swing.

UPS Elliott Wave count: Wave b of (b).

UPS Technical Indicators: 20EMA acting as resistance.

UPS Trading Strategy:Lookin for shorts, potentially up to 167$.

# Technical Analysis

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Comment（48）

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  • LeonaClemens
    ·2022-12-12
    Current price of UPS is a little expensive to buy.
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  • ClarenceNehemiah
    ·2022-12-12
    ok time to see that UPS will decrease shortly.
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  • Mungerism
    ·2022-12-12
    Thank yoi for sharing
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  • HilaryWilde
    ·2022-12-15
    Hopefully the United Parcel Service will be able to gain support around 175
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  • PandoraHaggai
    ·2022-12-15
    I think maybe United Parcel Service can start coming off the bottom.
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  • MortimerDodd
    ·2022-12-15
    It looks like United Parcel Service is still in the descent tunnel.
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  • EvanHolt
    ·2022-12-15
    The high points of the United Parcel Service are getting lower and lower.
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  • BellaFaraday
    ·2022-12-15
    192 is putting a lot of pressure on this stock.
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  • WH the great
    ·2022-12-12
    👌👌
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  • Ljoney
    ·2022-12-15
    Like
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  • CWen
    ·2022-12-14
    Ok
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  • Sleepearly1000
    ·2022-12-14
    Ocool
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  • BurLInG
    ·2022-12-14
    Ya
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  • PrimRose
    ·2022-12-14
    Ya
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  • MK92
    ·2022-12-14
    [Strong]
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  • hanmuiwen
    ·2022-12-14
    ok
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  • skyel
    ·2022-12-14
    ok
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  • Sandyboy
    ·2022-12-14
    Ok
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  • 建稳的朋友
    ·2022-12-14
    🙏🙏
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  • Go92
    ·2022-12-13
    buy
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