UAL stock is trading in a range right now, but will it move higher? Is it time to get in? If so, I’ve got some advice on how you can get in before it’s too late.
United Airlines Holdings, Inc. (UAL)
Originally known as United Airlines, this is one of the largest airline companies in the world. It transports people and cargo to destinations throughout North America, Latin America, Europe, and the Middle East. It is a member of the Star Alliance, which consists of several international airlines.
Its primary hubs are at Chicago O’Hare International Airport, Newark Liberty International Airport, Los Angeles International Airport, and Washington Dulles International Airport. The company flies to over 300 airports across the globe. In addition, it has several regional airlines that provide services under the brand name United Express. It also offers catering services and ground handling services.
The company is headquartered in Chicago, Illinois. However, its headquarters aren’t the only reason it’s been named one of the best places to work in the US. The company has a presence in several other states as well.
The company is a founding member of the Star Alliance, which includes several international airlines. It also has a MileagePlus program, which rewards passengers for flying with the airline.
Bollinger Band Width
Using Bollinger Band Width, you can easily visualize volatility. For example, traders can find overbought and oversold levels. It also allows you to identify consolidation and reversals.
It is essential to understand that Bollinger Bands are not a standalone trading technique. It is part of a larger trading strategy that involves other technical indicators. It is helpful for choppy, range-bound markets. But it is not for all investors.
Bollinger Band Width is calculated by subtracting the upper band from the lower band, then dividing the two by the middle band. This creates a wide band when the market is overbought and a narrow band when the market is oversold.
If the price of the stock touches the lower Bollinger Band, this indicates that the market is oversold. Conversely, if it moves closer to the upper band, this is an overbought signal.
This is a simple yet effective strategy. It uses moving averages and standard deviations to construct bands that track price changes. The bands expand and contract according to the volatility in the market.
Price action
During the last few weeks of October, the United Airlines (UAL) stock has been on a roller coaster ride. The store has ebbed and flowed in a highly irregular fashion and has regressed in the face of a bullish UAL. It is also worth noting that the UAL stock is a subsidiary of UAL, the holding company of the United Airlines (UA) juggernaut.
The price of UAL stocks soared by an impressive 8.05% in the last 24 hours. While it may not have the high-flying stock of its predecessors, it does boast the distinction of having the highest trading volume per share of any UA stock. The last time I checked, UAL had a hefty $2.4 billion market cap. In addition to providing air transportation services, UAL offers ground handling and maintenance services for third parties.
The last time I checked, UAL was a 100% controlled entity. Among other things, it is also the only UA subsidiary that operates in the international space.
