UGI CORP (NYSE:UGI) has been identified as a standout candidate in our Technical Breakout screen, displaying both strong technical health and a high-quality setup pattern. The stock currently holds a perfect Technical Rating of 10 and a Setup Rating of 9, suggesting favorable conditions for a potential breakout. Below, we examine why UGI stands out from a technical perspective.
Technical Strength
UGI’s Technical Rating of 10 reflects its strong momentum across multiple timeframes. Key factors supporting this score include:
- Positive Trends: Both short-term and long-term trends are upward, indicating sustained buying interest.
- Relative Strength: The stock has outperformed 91% of the market over the past year, with consistent gains.
- Industry Leadership: UGI leads its peers in the Gas Utilities sector, surpassing all 14 comparable stocks.
- Support Levels: Multiple support zones exist between $24.92 and $36.11, providing a cushion against pullbacks.
The stock is trading near its 52-week high of $36.62, further confirming its bullish stance.
Setup Quality
With a Setup Rating of 9, UGI is consolidating within a tight range, suggesting a potential breakout opportunity:
- Resistance Zone: A key resistance level sits between $36.21 and $36.60. A move above this zone could signal further upside.
- Support Zone: A well-defined support area around $36.11 offers a logical stop-loss level.
- Recent Signal: A Pocket Pivot—a bullish volume pattern—has been detected, reinforcing accumulation.
A breakout above $36.61 could serve as an entry point, with a stop-loss just below $35.89.
For a deeper look at UGI’s technicals, review the full technical report.
Our Technical Breakout screener lists more high-potential breakout candidates updated daily.
Disclaimer
This is not investment advice. Always conduct your own research before making trading decisions.
