United Airlines Holdings Inc

UAL is in a Stage 4 decline within a long-term uptrend, exhibiting a confirmed lower high/lower low sequence and an active Support Failure pattern. Price trades below the 9 and 21 EMAs, with these moving averages acting as resistance on rallies, and distribution-volume dominance underpins bearish medium-term bias. Short-term trend is down, reinforcing execution now on failed rallies into the EMA zone.

• ↑Q2 revenue $17.67B (+16% YoY) with adjusted EPS $1.99.
• ↑Raised FY26 EPS guidance to $9.00–$11.00 despite cost headwinds.
• ↓Projected $6B fuel expense increase threatens full-year margin.