United Airlines Holdings, Inc.s stock price (UAL) edged slightly lower in latest intraday trading, as it attempts to gather the positive momentum needed to attack the pivotal resistance of $84.85, while also trying to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of the main upward trend and trading alongside a short-term rising trend line, supported by dynamic support from trading above the 50-day SMA.
Therefore we expect the stock to rise in upcoming trading, provided it first breaches the aforementioned resistance of $84.85, targeting the next resistance at $96.00.
Todays price forecast: Bullish