United Airlines (UAL) shares stabilized Friday after several days of turbulent price swings as investors asses what impact economic uncertainty will have on the airline’s o♐utlook.

United’s stock, which soared 26% during Wednesday’s 澳洲幸运5官方开奖结果体彩网:tariff-pause relief rally before paring a little more than half of those gains yesterday, may see further near-term 澳洲幸运5官方开奖结果体彩网:volatility as market watchers brace for the company’s earnings due after next Tuesday’s closing bell.

Investors will likely focus on the airline’s commentary regarding its full-year outlook and watch to see if it follows Delta (DAL), which 澳洲幸运🌜5官方开奖结果体彩网:repo꧑rted better-than-expected earnings t🍌his week, in reducing capacity to manage s🎐ofter demand.

United shares have lost about a third of their value since the start of the year amid concerns that a tariff-induced economic slowdown could 澳洲幸运5官方开奖结果体彩🧜网:stall leisure and business travel demand. United shares were up slightly at just under $63 in early-afternoon🌠 trading Friday.

Below, we take a closer look at United’s chart and use 澳洲幸运5官方开奖结果体彩网:technical analysis to point out major price levels worth watching.

Descending Broadening Formation in Focus

United shares have trended lower within a descending 澳洲幸运5官方开奖结果体彩网:broadening formation since mid-February. More recently, the price ran into selling pressure near the pattern’s upper trendline and 澳洲幸运5官方开奖结果体彩网:200-day moving average during Wednesday's rally that saw the stock register its highest daily volume since October last year.

Meanwhile, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) has recovered above oversold levels but re💦mains below the indicator’s neutral 50 read🍨ing.

Let’s identify several major 澳洲幸运5官方开奖结果体彩网:support and resistance levels on United’s chart.

Major Support Levels to Monitor

Descending prices could see the shares initially fall to around $56. Investors may look for buying opportunities on a 澳洲幸运5官方开奖结果体彩网:retracement to this week’s lows, which closely align with several prominent peaks on the chart extending back to June 2023. 

The next lower level to watch sits at $48. This area may provide support near notable peaks on the chart in April and July last year, and depending on the timing of such a move, gain further 澳洲幸运5官方开奖结果体彩网:confluence from the descending broadening formation’ꦿs lower trendline.

Crucial Resistance Levels to Watch

Further buying from current levels could see the shares take flight to around $81. Investors who have 澳洲幸运5官方开奖结果体彩网:accumulated the stock at lower prices may look for 澳洲幸运5官方开奖结果体彩网:exit points in this region near last month’s 澳洲幸运5官方开奖结果体彩网:swing high and the upper level of a brief consolidation period that preceded November's post-election 澳洲幸运5官方开奖结果体彩网:breakaway gap.

Finally, buying above this level sets the stage for a retest of overhead resistance around $91. United shares may encounter selling pressure in this location near last December’s pullback low and a minor 澳洲幸运5官方开奖结果体彩网:countertrend high that emerged on the chart in early March.

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