The technical chart pattern of the United Parcel Service stock clearly favors bearish reversal after a technical rebound over the last trading sessions. Investors should open a short trade and target the $ 90.2.
In a short-term perspective, the company has interesting fundamentals.
Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
The stock is close to a major daily resistance at USD 106.76, which should be gotten rid of so as to gain new appreciation potential.
The company's earnings releases usually do not meet expectations.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the past seven days, analysts have been lowering their EPS expectations for the company.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
Below the resistance at 105.95 USD, the stock shows a negative configuration when looking looking at the weekly chart.
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