UGI CORP (NYSE:UGI) - A Strong Technical Setup in the Utilities Sector

UGI CORP (NYSE:UGI) has been identified as a standout technical breakout candidate by our screening process. The stock combines strong technical health with a well-defined consolidation pattern, suggesting potential for further upside.

Technical Strength

• High Technical Rating (9/10): UGI scores near the top of ChartMill’s technical rating system, reflecting consistent upward momentum in both short-term and long-term trends.
• Relative Strength: The stock has outperformed 84% of the market over the past year and ranks in the top 8% of its Gas Utilities industry group.
• Trend Confirmation: Both the 50-day and 200-day moving averages are rising, reinforcing the bullish trend.
• 52-Week High Proximity: UGI is trading close to its 52-week high of $36.74, indicating sustained buyer interest.

Setup Quality

• Tight Consolidation: Prices have been range-bound between $34.61 and $36.74 over the past month, forming a clear base.
• Support and Resistance: A key resistance zone sits just above the current price at $36.35-$36.60, while support is established near $36.17. A breakout above resistance could signal further gains.
• Pocket Pivot Signal: Recent volume patterns suggest accumulation, adding confidence to the setup.
• Low-Risk Entry: The suggested entry at $36.61 (above resistance) with a stop at $35.06 limits downside risk to ~4.2%.

For a deeper look at the technicals, review the full ChartMill technical report.

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Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.