StockCharts TV on $UPS (Oct 28, 2026)
UPS has reclaimed its 200-day moving average for the first time since summer, with RSI above 60, a constructive setup after an earlier break below the 200-day and support around 92 and 93. A follow-through day over the rest of this week is crucial to confirm the move is not a one-day fluke; the chart is worth watching.
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Hey, some of the non-technology charts have looked actually pretty encouraging. This is UPS, which actually just reported earnings here on Tuesday, October 27th. We can see a big upday where UPS finally closed back above the 200 day moving average.
Let's look at what happened here over uh the last couple months, right? So, we had a high in July around 116. That was basically a retest of the February market peak. We then rotated down to the 200 day moving average.
Look how it held the 200 day, similar to May and in March. But instead of holding it like we did over the spring, we actually failed to hold it. And this is classic behavior around the 200 day moving average.
We broke below the 200 day. We tested it from below and then rotated lower. So I would see that as a big distribution phase for the chart of UPS.
Now what happened next? Anytime we have a breakdown of the 200 day, this is a great example because I like to look to the left on the chart and see now that we've broken the 200 day, where can I anticipate some further potential support?
I immediately keyed in on these March and May lows which are right around 92 93. So that gave me a downside objective after the break of the 200 day. And sure enough, in late September, early October, we found support right at 92, right at those March, basically in those May lows.
From there, we've now rotated back higher. Today, we closed back above the 200 day moving average for the first time uh since uh earlier in the summer. The RSI has pushed above 60, which is pretty constructive.
Now, did we get that follow-through day? similar to what we talked about with Tesla, which did get a follow-through day today. Do we get a further follow-through day uh through the remainder of this week?
And I think for a chart like UPS, that follow-through day is pretty crucial because that confirms that it wasn't just a one-day fluke. It confirms that we're seeing further optimism even after that break above the 200 day moving average.
I think UPS is a pretty good chart to watch as well.