United Airlines Holdings, Inc. (UAL) stock rose slightly in its latest intraday trading, supported by continued trading above its previous 50-day SMA. The main bullish trend remains in control, with trading moving along a minor upward slope line on the short term. In addition, positive signals are beginning to flow from the Stochastic indicators, after the stock managed in its prior trading to unwind its clear overbought levels, giving it more room to achieve further gains.
Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 96.65 holds, to then target the key resistance level of 110.25.
Todays price forecast: Bullish.