Union Pacific Corp (UNP): Price Up $1.44 (0.71)% Over Past Day, Down $-0.02 (-0.01)% Over Past Hour

The Hourly View for UNP

At the moment, UNP’s price is down $-0.02 (-0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as UNP has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on UNP. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

UNP’s Technical Outlook on the Daily Chart

Currently, UNP’s price is up $1.44 (0.71%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as UNP has now gone down 4 of the past 5 days. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Union Pacific Corp’s price action over the past 90 days can be seen via the chart below.

UNP

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