UP Technical Analysis - WHEELS UP EXPERIENCE INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to UP. UP was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month UP has a been trading in the 1.71 - 2.71 range, which is quite wide. It is currently trading near the lows of this range.

UP has an average volume of 7476070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the yearly performance of all stocks, we notice that UP is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

UP is an average performer in the Passenger Airlines industry, it outperforms 65% of 21 stocks in the same industry.

UP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UP is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WHEELS UP EXPERIENCE INC / UP Weekly stock chart

WHEELS UP EXPERIENCE INC / UP Daily stock chart

Setup Rating and Analysis

UP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.45

2.84

We found 4 important support areas.

A support zone ranging from 1.88 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.75 from a horizontal line in the daily time frame.
Support @1.52 from a trend line in the daily time frame.
Support @1.46 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @2.17 from a trend line in the daily time frame.
Resistance @2.81 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for UP is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for UP is down.
ChartMill Relative Strength	83.3	POSITIVE	UP has a high relative strength, it outperformed 83.3% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UP is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of UP is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of UP is above a declining SMA(200).
Relative Strength Index/RSI (14)	44.98	NEUTRAL	The RSI value for UP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests UP has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.67	OVERSOLD	The low Stochastics value suggests UP may be oversold.
Average True Range in percent/ATR (20)	12.99	HIGH VOLATILITY	The high ATR as a percentage value for UP suggests high volalility.
Average Directional Index/ADX (14)	17.4	NEGATIVE	The low ADX value for UP suggests a weak or negative trend.