Technically, I believe UPL is a strong stock, and the best time to buy or invest is when its monthly RSI drops below 40, indicating extreme oversold conditions. Historically, UPL has reversed into a bullish trend each time its RSI has fallen below 40, though this has only happened four times since 2007.
Most recently, in March 2024, UPL once again became oversold, with its monthly RSI dropping below 40, forming a bottom along with an inverse head and shoulders pattern. However, for the stock to move upward, it must break through its resistance level.
Let me know your thoughts!
