UPS has had a volatile ride in 2026, and its underperformance over the last few years has been evident. This has been especially glaring considering the strong advances seen in the S&P 500 and many other indexes since the 2023 lows.
The reason we're profiling it now is that the chart is beginning to show encouraging signs of a turnaround across multiple time frames. Starting with the short-term view, UPS has rebounded strongly from its May downturn and has rallied back to the $110 area — a level it tested in early and late May, as well as several times in June.
This price action has formed a clear potential bullish cup-and-handle pattern. A breakout above the pattern's upper resistance line would trigger a measured move target of $128, putting the stock well above its highest level of 2026.
From a trading perspective, a stop loss near $104 makes sense, as it sits close to the handle of the formation. If and when this bullish daily chart pattern plays out, it could set the stage for an even larger base to develop.
Overall, UPS has been out of favor for several years, and understandably so. However, the recent technical improvements suggest that could be starting to change.
