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UPS stock price is below the key moving averages.
2
United Parcel Service stock recently broke a symmetrical triangle on the weekly time frame showcasing bearishness.
UPS stock price has been facing strong bearish pressure on the daily technical charts for a prolonged time, as it is below the 100 and 200-day EMAs. The stock failed to break above its key resistance levels near the EMAs in the past few months, despite several attempts by the buyers.
UPS stock price prediction suggests that the stock is in the firm grip of the bears and needs to show signs of reversal before confirming a bullish trend.
The stock is currently near $155.30, with a marginal loss of 0.16% intraday. The stock has a potential upside target of $175, but it needs to overcome the bearish momentum and surge above the 200-day EMA. The stock has a support level of $150, which could prevent further downside.
Technical indicators favor the bears projecting a pessimistic perspective f
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