WHEELS UP EXPERIENCE INC (UP) Stock Technical Analysis
NYSE:UP - New York Stock Exchange, Inc. - US96328L2051 - Common Stock - Currency: USD
Overall UP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UP is only an average performer.
UP is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 66% are performing better than UP.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month UP has a been trading in the 1.01 - 1.65 range, which is quite wide. It is currently trading near the high of this range.
UP has an average volume of 1335600 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 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Besides having an excellent technical rating, UP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for UP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.16
1.70
We found 3 important support areas.
- A support zone ranging from 1.43 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.20 from a trend line in the weekly time frame.
- Support @1.17 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.55 from a trend line in the daily time frame.
- A resistance zone ranging from 1.62 to 1.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for UP is up. |
| ChartMill Relative Strength | 76.43 | POSITIVE | UP has a high relative strength, it outperformed 76.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UP is above 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 | NEGATIVE | The current price of UP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for UP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.14 | NEUTRAL | The Stochastics value for UP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.74 | HIGH VOLATILITY | The high ATR as a percentage value for UP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for UP suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.56 | 1.42 | 0.14 (8.97%) | 11.14% |
| An entry @1.56. This is a Buy Stop order right above the resistance zone. | An exit @1.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.14 points, which is 8.97%. | For a 1.00% total portfolio risk, you can invest 11.14% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of UP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.51
+0.04 (+2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg2.72%
1 Week10.22%
2 Weeks11.85%
1 Month14.39%
3 Month80.32%
6 Month-6.79%
12 Month-46.07%
2 Year-36.29%
3 Year-93.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.74%
ATR Inc-39.26%
Range Today0.1
ADR(20)0.13
ADR(20)%8.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.43
Mansfield-1.51
10 Day High1.65
10 Day Low1.31
20 Day High1.65
20 Day Low1.01
52 Week High2.89
52 Week Low0.74
CS1 End1.46
CR1 Start1.55
Volume & EV
DER(3)1.21%
DER(5)4.61%
Volume1.07M
Volume Incr-62.7%
Vol(5)779.24K
Vol(50)1.34M