Hey everybody, I hope you are doing well. Just a quick update from me on my outlook for UPS while Tim is travelling today. The first chart below displays the near term perspective of the chart. Following the earnings release on July 29, 2025 the stock had a large decline, falling below what I considered to be the next level of support. This is displayed by the bottom orange line, just below $90/share. Over the course of the past three weeks, price consolidated under this level and has now begun to move lower again.
Looking at the longer term perspective I have highlighted in the red box where I think the next level of support may be located at. The area of the low to mid 70’s is likely to be the next stop on the chart if the most recent lows are broken. Have a great weekend!
