United Technologies Co. (UTX/NYSE): general analysis
20 December 2018, 12:17
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 113.45 |
| Take Profit | 109.50, 106.00, 103.00 |
| Stop Loss | 117.35, 117.50 |
| Key Levels | 109.50, 113.50, 118.00, 122.00, 126.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 118.05 |
| Take Profit | 124.00, 128.00 |
| Stop Loss | 114.00 |
| Key Levels | 109.50, 113.50, 118.00, 122.00, 126.00 |
Current trend
Yesterday, United Technologies shares renewed the 52-week low, losing more than 7% since early December. Quotes still remain under pressure amid general market declines and corporate news about the company's division. In addition, as a result of the restructuring of the business and the integration of Rockwell Collins into the company's assets, the annual earnings per share and free cash flow projections were reduced to $7.10–7.20 and $4.25–4.5 billion, respectively.
During the last week, United Technologies fell by 4.90% against the decrease of the S&P 500 index by 5.44%.
Support and resistance
The dynamic of shares is negative. Yesterday, the quotes’ drop exceeded 1.5%. At the moment, the key levels of support and resistance are 113.50 and 118.00. There is a potential for further decline. Indicators reflect the strength of sellers: the price has fixed below the MA (50) and MA (200); MACD is in the negative zone. It is better to open the positions from the key levels.
Comparative analysis of the multipliers of the company and competing companies in the industry indicates the neutrality of #UTX.
Resistance levels: 118.00, 122.00, 126.00.
Support levels: 113.50, 109.50.
Trading tips
Short positions can be opened after the price is set below the level of 113.50. The closing of the profitable positions is possible at the levels of 109.50, 106.00 and 103.00. Stop loss is 117.50.
Long positions can be opened after the price consolidates above the level of 118.00 with the targets at 124.00–128.00. Stop loss is 114.00.
Yesterday, United Technologies shares renewed the 52-week low, losing more than 7% since early December. Quotes still remain under pressure amid general market declines and corporate news about the company's division. In addition, as a result of the restructuring of the business and the integration of Rockwell Collins into the company's assets, the annual earnings per share and free cash flow projections were reduced to $7.10–7.20 and $4.25–4.5 billion, respectively.
During the last week, United Technologies fell by 4.90% against the decrease of the S&P 500 index by 5.44%.
Support and resistance
The dynamic of shares is negative. Yesterday, the quotes’ drop exceeded 1.5%. At the moment, the key levels of support and resistance are 113.50 and 118.00. There is a potential for further decline. Indicators reflect the strength of sellers: the price has fixed below the MA (50) and MA (200); MACD is in the negative zone. It is better to open the positions from the key levels.
Comparative analysis of the multipliers of the company and competing companies in the industry indicates the neutrality of #UTX.
Resistance levels: 118.00, 122.00, 126.00.
Support levels: 113.50, 109.50.
Trading tips
Short positions can be opened after the price is set below the level of 113.50. The closing of the profitable positions is possible at the levels of 109.50, 106.00 and 103.00. Stop loss is 117.50.
Long positions can be opened after the price consolidates above the level of 118.00 with the targets at 124.00–128.00. Stop loss is 114.00.
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