UAL stock forecast and price prediction
Updated on:
Apr 22nd, 2021
1
UAL forecast brief
- United Airlines closed on Wednesday at $51.86 after skyrocketing a 3.10% breaking a streak of 4 sessions in red.
- The price is currently under the lower Bollinger band, which usually indicates a near-term bounce that you should not try to trade
- Last Monday, United Airlines presented its Q1 financial report
- Raymond James published a buy rating for United Airlines on Wednesday, targeting $78.00
- United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America.
United Airlines stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts released by financial institutions in the last month. Again, these forecasts are not direct recommendations for small traders and must not be trusted blindly.
The average price target for United Airlines stock calculated from the table below is $67.20. United Airlines closed at $51.86 on Wednesday, so the target price is expecting an increase by 29.58%.
| Brokerage firm | Price target |
|---|---|
| Mar 30th, 2021 | |
| Jefferies Financial Group | $55.00 → $60.00 |
| Apr 6th, 2021 | |
| Morgan Stanley | $37.00 → $65.00 |
| Apr 13th, 2021 | |
| Morgan Stanley | $37.00 → $65.00 |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | $43.00 → $58.00 |
| Raymond James | $60.00 → $80.00 |
| Apr 15th, 2021 | |
| Barclays | $44.00 → $62.00 |
| Apr 16th, 2021 | |
| Argus | $66.00 |
| Apr 20th, 2021 | |
| JPMorgan Chase & Co. | $43.00 → $58.00 |
| Raymond James | $60.00 → $80.00 |
| Apr 21st, 2021 | |
| Raymond James | $80.00 → $78.00 |
Analysts recommendations
In the last 30 days, 10 ratings were published for United Airlines
| Brokerage firm | Rating |
|---|---|
| Mar 30th, 2021 | |
| Jefferies Financial Group | Neutral |
| Apr 6th, 2021 | |
| Morgan Stanley | |
| Apr 13th, 2021 | |
| Morgan Stanley | |
| Apr 14th, 2021 | |
| JPMorgan Chase & Co. | Sell |
| Raymond James | Buy |
| Apr 15th, 2021 | |
| Barclays | Neutral |
| Apr 16th, 2021 | |
| Argus | Neutral → |
| Apr 20th, 2021 | |
| JPMorgan Chase & Co. | Sell |
| Raymond James | |
| Apr 21st, 2021 | |
| Raymond James | Buy |
Earnings and financials
Last Monday, United Airlines ($UAL) had the investors event and released the report. UAL underperformed Wall St estimates and posted of $-7.50, that is a -6.38% less than the previous forecasts of $-7.05. Despite this, reported revenues of $3.2 billion were in line with consensus forecasts.
This compares to Earnings of $-2.57 per share a year ago, so current EPS means a reduction of -191.83%. Looking at turnover, figures sank a -68.66% compared to $108.9B same quarter 12 months ago.UAL ($UAL) presents quarterly financial report next July. Wall Street analysts predict of $-3.97, that is a 47.07% higher than previous quarter.
United Airlines stock: buy or sell?
Is $UAL stock a buy?
United Airlines received 10 ratings in the last 30 days: 4 bullish, 2 bearish and 2 neutral.In the current situation of United Airlines there is not any eligible buy setup. This doesn't mean $UAL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell United Airlines?
Currently, United Airlines stock doesn't match any of our preferred sell setups, so if you own United Airlines shares and your operation is in profit probably is not time to sell now
Price lost SMA50 level
United Airlines shares' price gained a 22.09% in a month while it was above the 50-day simple moving average. On Tuesday, the price crossed down the 50-d SMA signaling that the previous bullish trend appears to be ended. For mid-term investors who made profits from the stock during the period the price was over the average, this signal should be a heads up and a reason to sell the shares and cash in on their returns
United Airlines stock price action predictions
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it tells that the price is currently maintaining a very strong momentum and therefore can correct the trend to the average. In this case, the price is beneath the upper band, which should mean a near-term bounce off (at least) until it is back above the band
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 39.26. Since that level was lost, United Airlines stock collapsed a 16.96%
United Airlines stock price history
United Airlines started trading priced at an adjusted price1 of $32.56 on Feb 2006. Since then, UAL stock surged by 59.28%, with an average of 3.95% per year. If you had invested thousand dollars in United Airlines stock on Feb 2006, it would be valued $1,592.75 today.
1: Adjusted price after possible price splits or reverse-splits
Please read:
The opinions contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the specific positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational reasons onlyUAL summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $49.88 |
| Close | $51.86 |
| Day range | $48.9 - $51.89 |
| Previous close | $50.3 |
| Session gain | 3.10% |
| Average true range | $2.72 |
| 50d mov avg | $54.11 |
| 100d mov avg | $49.21 |
| 200d mov avg | $42.31 |
| Earnings date | July 20th, 2021 |