UAL Stock Price: United Airlines Holdings may be pricing in the bad news and ready for takeoff

NASDAQ: UAL has been declining once again to the $32 handle.
Earnings, coronavirus figures, and stark warnings have been weighing on United Airlines Holdings.
Bargain seekers may find interest in the stock, potentially triggering volatility.

Yohay Elam FXStreet

"The most difficult quarter" – that is the description that United Airlines Holdings used to describe the second quarter, in which the 94-year old aviation veteran lost some $1.6 billion according to GAAP standards.

Coronavirus has hit the airline industry hard, as countries banned entry, people refrained from entering closed spaces, and as the economic downfall also hurt customers' ability to travel. Moreover, the transfer to remote working has substantially accelerated – high-margin business travel is out of vogue.

United Airline Holdings' share prices tumbled early in the year but did investors seem to have brushed off the recent earnings report. While NASDAQ: UAL has failed to recover from the lows – alongside its peers and in contrast to the broader stock market – it is holding its ground.

UAL's resilience stands out as the US – Untied's main market – continues reporting high numbers of COVID-19 cases and deaths.

What does not fall in bad times, has room to rise when things improve. Is United ready to take off? The Chicago-based company may have to wait for the virus to spread more slowly before the mass market joins in. However, bargain-seekers may check-in and board their planes – at least for a speculative flight.

It is essential to note that American Airlines had its share of volatility that included substantial increases in prices – even though it suffered turbulence and air pockets. That could happen to United as well.

United Airlines Holdings stock

]

The round $20 level served as a floor under NASDAQ: UAL. The 52-week low is at $17.80, but it was only a swing low. Te first upside target is $40, followed by $45. Returning to $80 depends on resolving the virus situation.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

AUD/USD bulls seem hesitant near 0.6950

AUD/USD attracts some buyers for the second straight day, though it remains confined within Friday's broader range amid mixed cues. The US PCE data and the US NFP report released last week tempered October Fed hike bets, dragging US bond yields away from multi-year highs and keeping US Dollar bulls on the back foot. However, geopolitical uncertainty is a tailwind for the safe-haven buck, while the RBA's cautious outlook caps the Aussie.

USD/JPY remains confined in a range below 158.00

USD/JPY holds steady around 157.75 during the Asian session on Monday, trading within a one-week-old range. Against the backdrop of soft US PCE data, the US NFP report, released on Friday, tempers October Fed rate-hike bets and drags US bond yields away from multi-year highs. Furthermore, hawkish BoJ expectations amid looming intervention risks support the Japanese Yen, capping the pair. However, geopolitical uncertainty acts as a tailwind for the safe-haven buck and limits the downside.

Gold trades with positive bias around $4,150; upside seems capped

Gold attracts some dip-buyers at the start of a new week, though it remains confined in a familiar range held over the past week or so. Against the backdrop of soft US PCE data, Friday's weak US NFP report tempered bets of an October Fed rate hike. This, in turn, drags US bond yields away from multi-year highs and benefits the non-yielding bullion. The US Dollar, however, draws support from geopolitical uncertainties and could act as a headwind for the precious metal.

Week ahead: Fed minutes in the spotlight amid bond market rout

The first full week of October and the final quarter of the year get underway with little fanfare in terms of the economic agenda. But far from being short on excitement, the coming week will test market nerves, as government bond yields continue to soar on growing worries that the energy crisis will only get worse, fuelling inflation.

CFTC Report: Speculators turn more defensive as Oil exposure falls

The week in one sentence: During the week leading up to September 29, long positions in crude oil were significantly reduced, while short positions in the Canadian Dollar went up. In addition, the positioning of the Australian Dollar and the Japanese Yen declined, while Coffee buying stood out against a more general background of defensiveness.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.