United Airlines Holdings Inc (NASDAQ:UAL) shares, rose in value, with the stock price down by -2.52% to the previous day’s close as strong demand from buyers drove the stock to $52.67.
Actively observing the price movement in the last trading, the stock closed the session at $54.03. The PE ratio was 6.51 over 12-month period. Referring to stock’s 52-week performance, its high was $58.23, and the low was $33.68. On the whole, UAL has fluctuated by 17.33% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UAL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.22, with the price of UAL currently trading nearly 14.43% and 17.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.44, while the 7-day volatility ratio is showing 4.38% which for the 30-day chart, stands at 4.06%. Furthermore, United Airlines Holdings Inc (UAL)’s beta value is 1.48, and its average true range (ATR) is 2.09.
A comparison of United Airlines Holdings Inc (UAL) with its peers suggests the former has fared considerably weaker in the market. UAL showed an intraday change of -2.52% in last session, and over the past year, it grew by 19.90%%.
Data on historical trading for United Airlines Holdings Inc (NASDAQ:UAL) indicates that the trading volumes over the past 3 months, they’ve averaged 10.06 million. According to company’s latest data on outstanding shares, there are 328.02 million shares outstanding.
Nearly 0.52% of United Airlines Holdings Inc’s shares belong to company insiders and institutional investors own 69.92% of the company’s shares. The stock has risen by 27.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UAL stock heading into the next quarter.
