United Parcel Service, Inc. Class B (UPS) Analysis

An American international shipping, receiving, and supply chain management corporation, United Parcel Service (UPS, stylised as ups), was established in 1907. The American Messenger firm, which first specialized in telegraphs, evolved into UPS, one of the biggest shipping couriers in the world and a Fortune 500 firm. Today, UPS is most recognized for its ground shipping services and the UPS Store, a retail network that helps with UPS packages and sells equipment to small businesses. Additionally, UPS provides overnight and two-day air shipping as well as delivery to post office boxes via UPS Mail Innovations and UPS SurePost, two services that hand off items to the US Postal Service for last-mile delivery.

With annual revenues of over US$85 billion in 2020, UPS will be the world’s largest courier service, surpassing rivals DHL and FedEx. According to preliminary data from ACI, FedEx’s Memphis Superhub and Ted Stevens Anchorage International Airport are the top two busiest airports in the United States, while UPS Worldport in Louisville, Kentucky, is the company’s primary international hub. One of the biggest privately held American-owned employers in the country is the business.

Key Point:

• In early trading, UPS stock is down 3.70% due to the failure of the Teamster discussions.
• On July 31, 2023, the agreement covering more than 340,000 employees will come to an end.

The price of UPS stock as of 2023 July 11, Tuesday is 181.330$, and according to our data, the asset’s price has been declining over the past year (or since it started).

Since the price of United Parcel Service, Inc.’s Class B shares has been trending downward, we assume that similar market segments were not very well-liked over the time frame.

Data from the past

• Market Cap: 156.84 billion at the previous close
• Share volume at the last close was 2.37 million at the price in USD of 181.330.
• Price (Last) in US Dollars: 181.330
• 52-Week Change: 0.986
• 90-Day Moving Average: 176.472
• 52-Week High: 201.88
• 52-Week Low: 149.32 50-Day
• Moving Average: 173.28 200-Day
• Moving Average: 178.63

The parties concerned have been attempting to come to an agreement for months because the contract is set to expire at the end of July. The workers are currently preparing for a walkout this summer if the talks don’t succeed. Both parties have a lot at risk, so they will both work to get the best possible bargain. 

The S&P Index dropped 0.20%, the Dow Jones Industrial Index dropped 0.38%, and the NASDAQ 100 Index dropped 0.03% on July 5, 2023. According to the labor union, a global epidemic prevented workers from receiving the pay increase. Additionally, they are attempting to improve the situation for their members by taking advantage of the severe labor shortage. 

Based on Weekly Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for United Parcel (UPS) is -0.42, indicating that United Parcel is a Sell.
• With a share price of $181.33 and a 20-Day Exponential Moving Average of 177.63, United Parcel (UPS) is a Buy.
• With a 50-day exponential moving average of 178.42 and a share price of $181.33, United Parcel (UPS) is a Buy.

 

On Daily Chart: 

• The Moving Averages Convergence Divergence (MACD) indicator for United Parcel (UPS) is 1.89, indicating that United Parcel is a Sell.
• With a share price of $181.33 and a 20-Day Exponential Moving Average of 176.15, United Parcel (UPS) is a Buy.
• With a 50-day exponential moving average of 175.67 and a share price of $181.33, United Parcel (UPS) is a Buy.

Indicators:

Relative Strength Index (RSI) for United Parcel (UPS) is 57.99, producing a Neutral signal.

The Trend Strength Indicator (ADX) for United Parcel (UPS) is 21.52, producing a Neutral signal.

The Commodity Channel Index (CCI) for United Parcel (UPS) is 98.62, producing a Neutral signal.

The price rate of change (ROC) for United Parcel (UPS) is 0.42, generating a buy signal.

 

Moving Averages:

With a 10-day exponential moving average of 178.00 and a share price of $181.33, United Parcel (UPS) is a Buy.

With a share price of $181.33 and a 100-day exponential moving average of 176.93, United Parcel (UPS) is a Buy.

With a price of $181.33 and a 50-day simple moving average of 172.93, United Parcel (UPS) shares have a Buy signal.

With a price of $181.33 and a 100-day simple moving average of 179.02, United Parcel’s (UPS) stock has a Buy signal.

With a price of $181.33 and a 200-day simple moving average of 175.11, United Parcel (UPS) has a buy signal.

 

Prediction: 

based on analysts who provided United Parcel with 12-month price predictions in the last three months. With a high projection of $212 and a low forecast of $100, the average price target is $185.18. In comparison to the most recent price of $181.33, the average price target reflects a 2.12% change.