United Technologies Co. (UTX/NYSE): general analysis
17 January 2019, 11:42
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 112.05 |
| Take Profit | 116.00, 120.00, 124.00 |
| Stop Loss | 108.10, 108.00 |
| Key Levels | 102.00, 107.00, 112.00, 118.00, 122.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 106.95 |
| Take Profit | 100.00, 96.00 |
| Stop Loss | 111.00 |
| Key Levels | 102.00, 107.00, 112.00, 118.00, 122.00 |
Current trend
Shares of United Technologies continue to strengthen from the December 52-week low, growing by more than 8.5%. The drop in the issuer's quotations from the 52-week high of September 24 is 22.8%. Earlier in late November, the company closed a deal to purchase Rockwell Collins for $30 billion, and also announced the division of business into 3 independent companies. According to updated information, Q4 2018 report will be published on January 23 before the market opens.
During the last week, United Technologies grew by 1,42% against the growth of S&P 500 index by 1,20%.
Support and resistance
Shares of the company began to recover after a protracted fall. At the moment, the quotes are consolidating. The key support and resistance levels are 107.00 and 112.00. There is potential for further correction. Indicators do not give accurate signals: the price is testing MA (50); MACD histogram began to rise. 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: 112.00, 118.00, 122.00.
Support levels: 107.00, 102.00.
Trading tips
Long positions can be opened after the price is set above the level of 112.00. The closing of the profitable positions is possible at the levels of 116.00, 120.00 and 124.00. Stop loss is 108.00.
Short positions can be opened after the price is set below the level of 107.00 with the targets at 100.00–96.00. Stop loss is 111.00.
Implementation period: 3 days.
Shares of United Technologies continue to strengthen from the December 52-week low, growing by more than 8.5%. The drop in the issuer's quotations from the 52-week high of September 24 is 22.8%. Earlier in late November, the company closed a deal to purchase Rockwell Collins for $30 billion, and also announced the division of business into 3 independent companies. According to updated information, Q4 2018 report will be published on January 23 before the market opens.
During the last week, United Technologies grew by 1,42% against the growth of S&P 500 index by 1,20%.
Support and resistance
Shares of the company began to recover after a protracted fall. At the moment, the quotes are consolidating. The key support and resistance levels are 107.00 and 112.00. There is potential for further correction. Indicators do not give accurate signals: the price is testing MA (50); MACD histogram began to rise. 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: 112.00, 118.00, 122.00.
Support levels: 107.00, 102.00.
Trading tips
Long positions can be opened after the price is set above the level of 112.00. The closing of the profitable positions is possible at the levels of 116.00, 120.00 and 124.00. Stop loss is 108.00.
Short positions can be opened after the price is set below the level of 107.00 with the targets at 100.00–96.00. Stop loss is 111.00.
Implementation period: 3 days.
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