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Tracking Technical Indicators on United Parcel Service, Inc. (UPS)

 

Technical analysis of United Parcel Service, Inc. (UPS) stock

Technical analysis of United Parcel Service, Inc. (UPS) stock includes the study of technical indicators and past trends. For technical analysis of stock and trends here we employ the use of tools such as trading volumes, Simple Moving averages, RSI (14), and ATR (14) to determine the future behavior of a stock. Much of this practice involves discovering the overall trend line of a stock’s movement. Technical analysis of stocks and trends has been used by serious traders for decades. Although it does not guarantee success and is not 100% accurate, it is still one of the two key methods of analyzing stock prices, along with fundamental analysis.

UPS Volume and Price

On, Dec 21, Shares of United Parcel Service, Inc. (UPS) were valued at $118.58 and moved 0.21% as of a recent closing trade. A total volume of 3.37 million shares were traded versus to average volume of 2.69 million shares. If you are going to be trading the stock, you want to ensure volume is healthy so you are not stuck in a position. Volumes indicate how many shares are bought and sold over a given period of time. The more active the share, higher would be its volume. Technical analysts believe that volume can serve as a warning signal as to whether a stock is on the verge of breaking into upside territory (high volume) or into a downside trend (low volume). Low volume of a security, even if it’s rising in price, can indicate a lack of conviction among investors. Conversely, high volume of a particular security can indicate that traders are placing their long-term confidence in the investment. Volume is incredibly important to traders. Without volume, it becomes more difficult to buy or sell securities when you want to, and at the price you want.

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