United Parcel Service ( UPS) has been weak since April. Let's explore the charts and indicators to see how hard this stock may fall.
In this daily bar chart of UPS, below, I can see that prices are trading below the declining 50-day moving average and below the declining 200-day line. The trading volume looks like it has increased since March. The daily On-Balance-Volume (OBV) line has been weak the past 12 months. The Moving Average Convergence Divergence (MACD) is bearish. 
In this weekly Japanese candlestick chart of UPS, below, I can see that prices are testing key support in the $160 area. A weekly close below $160 should open the way to further declines. UPS trades below the declining 40-week moving average line.
The weekly OBV line has turned sharply lower and tells me that sellers of UPS are being very aggressive now. The MACD oscillator is bearish.
In this daily Point and Figure chart of UPS, below, I can see a potential downside price target in the $121 area.
In this weekly Point and Figure chart of UPS, below, I used a five box reversal filter. Here the software comes up with a price target in the $75 area.
Bottom line strategy: Traders should avoid the long side of UPS. A weekly close below $160 is a major sell signal that should not be ignored.
