United Parcel Service (UPS), American package delivery company for express letters, documents and palletized freight, covering both U.S. domestic and international orders, is under pressure. The company continue decrease shipping, which brought its share price into a downtrend since February 2022 that has been later transformed into a mostly sideways movement. Now, the stock struggles during summer volatility. UPS share price lost 0.88% following the company's revenue miss vs consensus estimates. Yet, there is a high probability that the market sentiment may worsen for UPS, as many investment banks have rushed to downgrade the stock to Neutral from previous Buy stance, accompanied by a rising wave of negative comments. UBS group sees a "long wait for improvement" for UPS, citing a combination of higher costs as well as 12% and 11% drops of domestic package volumes, in June and July respectively. The same kind of downside pressure may extend through the first half of 2024 at least. UPS began the next trading session by 0.8% lower after Q2 2023 report on August 8. The first price target for a short trade could be within the $166-172 range of May-June 2023, yet a retest of "basement" rooms around $155-160 could not be ruled out as well. Stop-loss is strategically needed a few points above a $197.80 high of mid-April.