United

Candle

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>United stock price (NASDAQ: UAL) is trading near the 52-week high.</a> </li> 
 <li> <span>2</span> <a>UAL stock price sustains above 200-day EMA showcase uptrend.</a> </li> 
 <li> <span>3</span> <a>United Airlines met the EPS as well as Revenue estimates.</a> </li> 
</ul> 
<p>United Airlines stock Price (NASDAQ: UAL) is trading with bullish cues and consolidating near to the 52-week high. It formed a bullish pattern and spent time in the narrow range between $52.00 to $57.00.&nbsp;</p> 
<p>UAL stock price sustained above the 50 and 200-day EMA showcases an uptrend. The distance between both the EMAs is getting wider indicating bulls are continuing their dominance on the lower levels.&nbsp;</p> 
<p>United Airlines stock formed a strong base near $40.00 before picking up momentum. At the beginning of May 2023, <a href="https://www.thecoinrepublic.com/2023/05/21/united-airlines-inc-ual-stock-slipped-over-1-20-intraday/" rel="noopener noreferrer nofollow">UAL’s stock</a> price breakout $45.00 which triggered the positive sentiment.&nbsp;</p> 
<p>Later, slow and steady prices began to rise by forming higher highs and rallied 25% approx. The momentum halted near $57.00 and prices witnessed minor profit booking. Due to the presence of strong buyers near $52.00, prices again bounced back.&nbsp;</p> 
<p>United Airlines stock prices rose with a decent buying volume which indicates the rally is sustainable. The stock closed the previous session at $54.80 with an intraday rise of 0.02%. The market capitalization stands at $17.97 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-united-airlines-stock-begin-the-next-phase-of-the-rally-strong"><strong>Will United Airlines Stock Begin the Next Phase of the Rally?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="439" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-1024x439.png" alt="United Airlines Stock: UAL Stock Might Hit Multi-Year High Soon" class="wp-image-153334" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-1024x439.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-300x129.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-768x329.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-1536x659.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-750x322.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164-1140x489.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-164.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    NASDAQ: UAL daily chart by <a href="https://www.tradingview.com/x/v7DFxEor/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>United Airlines stock price (NASDAQ: UAL) performed well in the past few months and generated decent returns for its investors. It released the quarterly earnings on July 19, 2023. It reported an EPS of $5.03 and revenue of $14.178 Billion.&nbsp;</p> 
<p>United Airlines beat the EPS estimate by 24.92% and revenue by 1.98%. The prices did not react violently and traded inside the range.&nbsp;</p> 
<p>Till UAL’s share price holds the $47.00 level the prices are expected to remain in the bull’s grip. Any short-term correction will be absorbed by the buyers.&nbsp;</p> 
<p>The technical analysis suggests UAL stock is in an uptrend and the next phase of the rally will trigger if buyers break the $57.00 hurdle.</p> 
<h3 class="wp-block-heading" id="strong-ual-stock-price-formed-bearish-rejection-candle-strong"><strong>UAL Stock Price Formed Bearish Rejection Candle</strong></h3> 
<p>UAL stock price formed a bearish rejection candle in the previous week. But the sellers failed to give the follow-through momentum. It indicates responsive buyers are active near the support and downside expansion is low.&nbsp;</p> 
<p>The MACD curve displayed a negative crossover indicating mild bearishness. However, the curve is still sustaining above the zero line. The RSI at 56 denotes neutral territory indicating prices might consolidate for some time before deciding the further direction.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>United Airlines stock price (NASDAQ: UAL) is in uptrend and generated decent returns for its long-term investors. <a href="https://www.thecoinrepublic.com/2023/05/21/united-airlines-inc-ual-stock-slipped-over-1-20-intraday/" rel="noopener noreferrer nofollow">UAL stock </a>might show an upward range expansion which will trigger the next phase of the rally.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $57.00 and $63.00</li> 
 <li>Support levels: $52.00 and $47.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

United Airlines Stock: UAL Stock Might Hit Multi-Year High Soon

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