United Technologies Corp. (UTX/NYSE): general review
18 May 2018, 11:28
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 125.55 |
| Take Profit | 127.50, 129.00, 131.00 |
| Stop Loss | 123.50 |
| Key Levels | 117.00, 120.00, 123.50, 125.50, 129.00, 134.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 123.40 |
| Take Profit | 120.00, 118.00 |
| Stop Loss | 125.50 |
| Key Levels | 117.00, 120.00, 123.50, 125.50, 129.00, 134.00 |
Current trend
Shares of United Technologies Corp. have updated the 3-month minimum on May 3 due to the publication of the quarterly report with mixed results, and the last few weeks they have restored the lost positions, adding more than 5.8% of the cost.
This week Third Point LLC investment fund announced the purchase of 7.1 million shares of United Technologies Corp. for 983 million US dollars, which supported the rate of the instrument.
During the last week, shares of United Technologies Corp. increased by 0.41%. For the same period, the S&P 500 index decreased by 0.19%.
Support and resistance
Since the beginning of this month, the company's shares have been dominated by "bullish" sentiment. At the moment, quotes of #UTX are consolidating. The issuer is testing local support and resistance levels: 123.50 and 125.50, respectively. The trading instrument has the potential for further recovery. Indicators do not give clear signals: the price crossed 50 MA and 200 MA; The MACD histogram is in the positive zone, but has started to decline. Nevertheless, new positions should be opened in the direction of the current trend.
Comparative analysis of company multipliers and competing companies in the industry testifies to the underestimation of #UTX.
Support levels: 123.50, 120.00, 117.00.
Resistance levels: 125.50, 129.00, 134.00.
Trading tips
If the price consolidates above the resistance level of 125.50, further growth of #UTX is expected. Stop loss will be at around 123.50. Potential profit levels are 127.50, 129.00 and 131.00.
If the price goes below the level of 123.50, you can consider selling the company's shares. Stop loss should be set at the level of 125.50. The potential of the movement is to 120.00-118.00.
Trading scenarios will be relevant for 3 days.
Shares of United Technologies Corp. have updated the 3-month minimum on May 3 due to the publication of the quarterly report with mixed results, and the last few weeks they have restored the lost positions, adding more than 5.8% of the cost.
This week Third Point LLC investment fund announced the purchase of 7.1 million shares of United Technologies Corp. for 983 million US dollars, which supported the rate of the instrument.
During the last week, shares of United Technologies Corp. increased by 0.41%. For the same period, the S&P 500 index decreased by 0.19%.
Support and resistance
Since the beginning of this month, the company's shares have been dominated by "bullish" sentiment. At the moment, quotes of #UTX are consolidating. The issuer is testing local support and resistance levels: 123.50 and 125.50, respectively. The trading instrument has the potential for further recovery. Indicators do not give clear signals: the price crossed 50 MA and 200 MA; The MACD histogram is in the positive zone, but has started to decline. Nevertheless, new positions should be opened in the direction of the current trend.
Comparative analysis of company multipliers and competing companies in the industry testifies to the underestimation of #UTX.
Support levels: 123.50, 120.00, 117.00.
Resistance levels: 125.50, 129.00, 134.00.
Trading tips
If the price consolidates above the resistance level of 125.50, further growth of #UTX is expected. Stop loss will be at around 123.50. Potential profit levels are 127.50, 129.00 and 131.00.
If the price goes below the level of 123.50, you can consider selling the company's shares. Stop loss should be set at the level of 125.50. The potential of the movement is to 120.00-118.00.
Trading scenarios will be relevant for 3 days.
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