United

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The stock price of United Airlines Holdings Inc. is trading beneath the key 20 and 50 daily moving averages.</a> </li> 
 <li> <span>2</span> <a>UAL stock has slipped past an upward trendline that it has been following for a long time.</a> </li> 
 <li> <span>3</span> <a>United Airlines Holdings Inc. (NASDAQ: UAL) stock’s 52-week price range is between $30 – $58.</a> </li> 
</ul> 
<p>United Airlines Holdings Inc. (NASDAQ: UAL) is a company that owns and operates airlines. It offers services of transportation to different regions of the world: Domestic, Atlantic, Pacific, and Latin America. The company’s history dates back to December 30, 1968, and its main office is located in Chicago, IL.</p> 
<p>United Airlines stock has a CMP of $43.07 and an intraday loss of 1.42%. The UAL stock has a float of 325.369 Million shares and a market cap of $14.126 Billion. The United Airlines stock’s current volume is 5.097 Million and the last 10 days’ average volume is 5.388 Million.</p> 
<p>UAL stock displayed a positive performance on year-to-date growth of 12.69% and a modest six-month increase of 4.90%. However, it also experienced a performance decline of -12.62% this month and -4.94% this week. The latest quarterly balance sheet of United Airlines for the quarter ending June 2023 reported $73.34 Billion in total assets and $65.64 Billion in total liabilities.</p> 
<p>The latest quarterly report for the period ending June 2023 showed a revenue of $14.18 Billion, a net income of $1.07 Billion, and a profit margin of 7.58%. The next quarter’s revenue is estimated to be $14.352 Billion.</p> 
<h2 class="wp-block-heading" id="strong-ual-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>UAL Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-1024x594.png" alt="Will UAL Stock (NASDAQ: UAL) Continue Plummeting or Stabilize?" class="wp-image-170662" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-740.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: UAL.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>United Airlines Holdings Inc. (NASDAQ: UAL) had a strong uptrend from $31 in September 202 to $58 by July 21, 2023, supported by a rising trendline. However, the UAL price faced bearish pressure after the earnings and broke below the trendline. The UAL stock is now trading at $43.07 and may slide further if the bearish sentiment persists.</p> 
<p>The UAL stock could extend its decline if it breaks the $40 support level which may open the door for a drop to $36. On the other hand, if the UAL stock bounces back with strong buying momentum, it may reclaim the $46 resistance level which may spark a rally to $50 or higher.</p> 
<p>UAL stock does not offer any amount of dividends to its shareholders and UAL has never done the same in the past as well. It seems unlikely that UAL company will pay any dividends in the future either.&nbsp;</p> 
<p>This highlights that the shareholders do not get any kind of regular income from the UAL stock and this might be reducing the attractiveness of the stock for many investors out there in the market.&nbsp;</p> 
<p>At the time of publishing, the major EMAs are bearish in <a href="https://www.thecoinrepublic.com/2023/09/05/ual-stock-to-surpass-50-rsi-suggest-buyers-accumulation/" target="_blank" rel="noreferrer noopener">United Airlines</a> Holdings Inc. stock. MACD shows a bearish cross on the charts with increasing width in the histogram while the RSI is at 23.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>United Airlines Holdings Inc. (NASDAQ: UAL) <a href="https://www.thecoinrepublic.com/2023/09/05/ual-stock-to-surpass-50-rsi-suggest-buyers-accumulation/" target="_blank" rel="noreferrer noopener">stock</a> fell below the key moving averages and noted a rising trendline after the earnings. The price is trading at $43.07 and may drop to $36 if it breaks the $40 support. Alternatively, the price may rally to $50 or higher if it recovers the $46 resistance. The technical indicators are bearish for the UAL stock.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p><strong>Support levels</strong>: $40 and $36</p> 
<p><strong>Resistance levels</strong>: $46 and $50</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will UAL Stock (NASDAQ: UAL) Continue Plummeting or Stabilize?

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