United Airlines Holdings Inc
With the stock up a significant 60.71% over the past year and 56.02% year-to-date, there's plenty of anticipation surrounding UAL's performance.
Let's look at what the charts indicate for United Airlines stock and how it currently maps against Wall Street estimates.
UAL Stock Chart Ahead Q3 Earnings - Bullish But Overbought?
United Airlines' stock is showing strong bullish momentum, with its current price of $63.53 trading above key exponential moving averages (five, 20 and 50-day), indicating ongoing buying pressure.
The stock is well above its eight-day ($59.88), 20-day ($56.76) and 50-day ($48.79) simple moving averages, reinforcing a bullish outlook. The 200-day SMA at $47.11 also supports the bullish case as the price remains significantly higher.
The Moving Average Convergence Divergence (MACD) of 3.55 signals continued upward momentum, although the Relative Strength Index (RSI) at 79.65 suggests the stock is overbought, warranting caution.
Investors should keep an eye on this overbought condition, as it could signal potential consolidation or profit-taking in the short term.
United Airlines Analysts Consensus Ratings
United Airlines Ratings & Consensus Estimates: The consensus analyst rating on United Airlines stock stands at a Buy with a price target of $71.37. The latest analyst ratings from Susquehanna, Jefferies, and TD Cowen suggest an average price target of $75 for United Airlines' stock, implying a 16.55% upside.
As United Airlines prepares to report earnings, investors will be watching both the company's financial performance and whether the bullish technical setup continues to propel the stock higher.
UAL Stock Price Action: United Airlines' stock closed Monday's trading day at $63.53, up 2.80%.