Volatility Contraction Sets Up UNP Move Near $309.86
Union Pacific Corp (UNP) closed up 0.59% at $309.86 on August 24.
Chart analysis reveals a bullish configuration:
Moving Averages
Price trades above the 9-day EMA ($302.36) with a bullish stack. The 21-day EMA at $297.80 provides support.
Momentum
RSI at 67.9 is neutral but improving. MACD is bullish (4.73 vs signal 3.82).
Volatility
A 18-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Watch $285.73 as support and $307.52 as resistance.
