UP Technical Analysis - WHEELS UP EXPERIENCE INC

Technical Rating and Analysis

Taking everything into account, UP scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, UP has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

UP has an average volume of 5117760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that UP is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.

UP is an average performer in the Passenger Airlines industry, it outperforms 50% 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.

In the last month UP has a been trading in the 1.38 - 3.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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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

Although UP has an excellent technical rating, the quality of the presented setup is not ideal 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

1.37

2.19

We found 4 important support areas.

Support @2.14 from a trend line in the daily time frame.
A support zone ranging from 1.99 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.70 from a trend line in the daily time frame.
Support @1.38 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for UP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for UP is neutral.
ChartMill Relative Strength	84.8	POSITIVE	UP has a high relative strength, it outperformed 84.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of UP is below the rising 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)	51.26	NEUTRAL	The RSI value for UP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests UP has a negative trend.
Stochastics (14,3)	15.42	OVERSOLD	The low Stochastics value suggests UP may be oversold.
Average True Range in percent/ATR (20)	18.73	HIGH VOLATILITY	The high ATR as a percentage value for UP suggests high volalility.
Average Directional Index/ADX (14)	29.73	POSITIVE	The high ADX value value for UP suggests a strong trend.