United Airlines Holdings, Inc. (NASDAQ:UAL) shares are trading modestly higher in Friday’s premarket session, attempting to recover after a fall in the prior session driven by rising fuel cost concerns.

On Thursday, UAL stock declined nearly 6% as crude oil prices climbed to six-month highs, renewing investor worries around margin pressure across the airline industry.

Fuel remains one of the highest variable costs for carriers, and sustained strength in oil prices can weigh heavily on profitability despite improving travel demand.

However, sentiment appears to be stabilizing heading into Friday.

UAL Shows Long-Term Strength

The stock is currently trading 0.6% above its 20-day simple moving average (SMA) but is 5.9% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 7.38% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 48.71, which is considered neutral territory. Meanwhile, MACD is at ...