Stock of the Day: UPS Has A Good Memory
Stock of the Day: UPS Has A Good Memory
As you can see on the chart, the $156.00 level was first support in September 2020. Then it was support in March 2021. It was also support once again in October 2022. Market memory kept this support intact for more than two years.Successful traders know how to recognize which price levels in a certain market are important. These are called support and resistance levels. When a stock reaches one of them there is a good chance it reverses. Traders can profit from these reversals.
成功的交易員知道如何識別某個市場中哪些價格水平是重要的。這些被稱爲支撐位和壓力位。當股價觸及其中一個位置時，它反轉的機會很大。交易員可以從這些反轉中獲利。
Successful traders also understand the concept of market memory. This refers to how a price level can be important for a long time. It could be weeks, months, or even years.
成功的交易員還理解市場記憶的概念。這指的是價格水平可能長期重要。它可能是幾周、幾個月，甚至幾年。
United Parcel Service, Inc. (NYSE:UPS) has a good memory. That's why our technical analysis experts have made it our Stock of the Day.
聯合包裹服務公司（NYSE:UPS）有一個很好的市場記憶。這就是爲什麼我們的技術面分析專家將其評爲我們每日股票推薦的原因。
As you can see on the chart, the $156.00 level was first support in September 2020. Then it was support in March 2021. It was also support once again in October 2022. Market memory kept this support intact for more than two years.
正如你在圖表上看到的那樣，156.00美元的水平在2020年9月首次成爲支撐位。然後在2021年3月和2022年10月再次成爲支撐位。市場記憶使得這種支撐位保持了兩年以上。
An important dynamic of technical analysis is understanding how a price level that had once been resistance can convert into a support level. This can also be seen on the chart. $176.50 was resistance for UPS in October 2020 and April 2021. Then it became a support level in October 2021.
技術面分析中一個重要的動態是了解曾經是壓力位的價格水平如何轉化爲支撐位。這也可以在圖表上看到。176.50美元在2020年10月和2021年4月是UPS的壓力位。然後在2021年10月，它成爲支撐位。
Also Read: UPS Q2 Earnings: Revenue And EPS Miss, Annual Outlook Cut, Restarts Stock Buyback
閱讀更多：聯合包裹服務公司二季度業績：營收和每股收益不及預期，年度前景下調，重啓股票回購
Resistance can convert into support when remorseful sellers try to buy their shares back. Some traders and investors who sold around $176.50 were happy when the price headed lower soon after. But when the stock reversed and moved to higher prices, many of them regretted their decision to sell.
當後悔的賣家試圖回購他們的股票時，壓力位可以轉化爲支撐位。一些在176.50美元左右賣出的交易員和投資者在價格很快下跌後感到高興。但當股票反轉並上漲時，他們中的許多人後悔自己的賣出決策。
Some of these remorseful sellers decide that if they can buy their shares back at the same prices sold, they will do so. So, UPS dropped back to $176.50 in October 2021, they placed buy orders and this large concentration of orders resulted in support forming at the price that had been resistance.
其中一些後悔的賣家決定，如果可以以賣出價格回購股票，他們將這樣做。因此，當UPS在2021年10月回到176.50美元時，他們發佈了買單，這些訂單的大量集中導致了支撐形成在曾經是壓力位的價格上。
A similar thing may be about to happen now.
現在可能會發生類似的事情。
After a weak earnings report, the shares dropped to around $124.00. This level was resistance in August 2018, November 2019 and August 2020.
在弱勢盈利報告後，股票跌至約124.00美元。這個價格水平在2018年8月、2019年11月和2020年8月都是壓力位。
If UPS has a really good market memory, it will find support around $124.00. This may be a good time to buy it.
如果UPS有一個非常好的市場記憶，它將在124.00美元左右找到支撐位。這可能是一個買入的好時機。
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Photo: Shutterstock
Photo: shutterstock