United

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>UPS stock price fell 9.05% in the current week.&nbsp;</a></li>
 <li><span>2</span> <a>United Parcel stock price hit a 52-week low in the last session.&nbsp;</a></li>
 <li><span>3</span> <a>United Parcel Service, Inc. beat EPS prediction but missed the revenue.</a></li>
</ul>
<p>United Parcel Service, Inc. UPS stock price fell miserably after the release of earnings. It formed a bearish candle and hit a 52-week low which raised concern for the long-term investors.&nbsp;</p>
<p>UPS stock price is trading below the 50-day and 200-day EMA showcasing a downtrend. However, the price looks highly oversold and is trading far away from the 50-day EMA. So, a short-term pullback rally may trigger at any time.&nbsp;</p>
<p>Over the last three months, United Parcel stock price continuously fell by forming lower low swings. It fell by 21% on a YTD basis which is quite disappointing for the long-term investors.&nbsp;</p>
<p>United Parcel Service, Inc. released its quarterly earnings on October 26, 2023. It reported an EPS of $1.57 and revenue of $21.061 Billion. The company beat the EPS prediction by 3.12% but missed the revenue by 1.59%.&nbsp;</p>
<p>The stock price is already in a correction phase and the quarterly earnings fueled the downfall. However, UPS share price is approaching the gap zone. So, it will be interesting to see whether the stock price reverses upward after filling the gap.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2023/10/12/ups-stock-forecast-is-ups-stock-price-ready-to-bounce-back/" rel="noopener noreferrer nofollow">United Parcel</a> stock price closed the previous session at $138.21 with an intraday decline of -5.93%.</p>
<h2 class="wp-block-heading" id="strong-will-ups-stock-price-recover-from-gap-zone-strong"><strong>Will UPS Stock Price Recover From Gap Zone?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/1ozUs4CLHcdT4S2gG7cNcEueTu7OUtaZl-Hl75cCPE7RC2LN9m5gAT2bJdTKKE0RURzU7IJAmeVwANpYGqhzxHgvVapxRplnGngJ3XokvviP4jYlJXtKmfw0UFZBSjDUhezfzofRoXaO-qpEJN61d6ZyMv6PC-R1LrsriOFGlcU5oBZJ0Ndi8r67Bab25w" alt="UPS Stock Price Fell 5% After Earnings and Hits Low; What Next?" style="aspect-ratio:2.406015037593985;width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   NYSE: UPS daily chart by <a href="https://www.tradingview.com/x/1DsZgqVA/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>UPS stock price looks bearish on the multiple time frame charts and sellers continue their dominance. The short-term pullbacks getting rejected denotes that sellers are building fresh shorts on every rise.&nbsp;</p>
<p>At present, UPS <a href="https://www.thecoinrepublic.com/2023/10/12/ups-stock-forecast-is-ups-stock-price-ready-to-bounce-back/" rel="noopener noreferrer nofollow">stock price</a> is very close to the gap zone which is likely to act as a strong support. The stock price has corrected a lot in the last three months so it might take a halt near $130.00 and consolidation is expected.&nbsp;</p>
<p>However, if the correction continues and the stock price breaks down to the $125.00 level, then a big portion of the company’s market capitalization will erode.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-what-does-price-action-denote-in-ups-stock-strong"><strong>What Does Price Action Denote in UPS Stock?</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_aaddd"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:UPS",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_aaddd"

}

  );

  </script>
</div> 
<p>United Parcel stock price fell for the 12th consecutive week. The current week’s downfall is mainly due to the earnings. Moreover, the broader market indices are falling so it is also impacting the UPS stock.&nbsp;</p>
<p>The RSI at 18 denotes highly oversold territory so a relief rally is expected in the upcoming weeks. The MACD generated a fresh negative crossover indicating bearishness. But the price action says it will be highly risky to create fresh shorts at current levels.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>United Parcel Service, Inc. UPS stock price is in a correction phase and quarterly earnings fueled the further downfall. However, the analysis suggests that the United Parcel stock is near the demand zone so the downfall might take a halt near $130.</p>
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5>
<ul>
 <li>Resistance levels: $150.00 and $158.82</li>
 <li>Support levels: $134.79 and $125.00</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>

UPS Stock Price Fell 5% After Earnings and Hits Low; What Next?

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