UBP Technical Analysis
In this technical analysis for Union Bank of the Philippines (UBP), I’ll show you the status of the six (6) indicators I monitor to know if the stock has a confirmed buy signal. If all six indicators are bullish, it means the stock has a confirmed buy signal according to my proprietary methodology.
I don’t follow the classical usage of technical indicators. I have my proprietary methodology in using certain technical indicators, which I call The Evergreen Strategy 2.0.
Getting a confirmed buy signal does not mean buying the stock right away. I must compute for my initial trailing stop and reward-to-risk ratio first.
The computation of my reward-to-risk ratio follows after computing for my initial trailing stop. I need to decide for the percentage of risk I’m willing to apply in that particular trade. This process must be done sequentially. To compute my reward-to-risk ratio, I need to identify the stock’s resistance.
For your convenience, I created the Trailing Stop Calculator and Reward-to-Risk Ratio Calculator, which you’ll find in the Calculators tab of the Library section of our website.
This UBP technical analysis gives you a sneak preview of my thought process in making a data-driven trade and investment decision. Subscribe to our stock market consultancy service to learn my entire methodology.
Let’s take a look at the ratings of the six indicators.
Price vs. 10-day Simple Moving Average (SMA)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Volume
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Moving Average Convergence Divergence (MACD) vs. Signal Line
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Volume-Weighted Average Price (VWAP)
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: YES
Dominant Range Index (DRI)
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 91.5
VWAP: 91.04
Dominant Range: 91.5 – 92.15
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
19 of the 36 participating brokers, or 52.78% of all participants, registered a positive Net Amount
17 of the 35 participating brokers, or 48.57% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱90.44866
36 Participating Brokers’ Selling Average: ₱90.51495
13 out of 36 participants, or 36.11% of all participants, registered a 100% BUYING activity
12 out of 36 participants, or 33.33% of all participants, registered a 100% SELLING activity
Verdict: UBP Technical Analysis
YES, there is a confirmed buy signal because all six indicators are bullish. This doesn’t mean you should buy right away. You need to compute for the things I mentioned above. Review the third lesson of our Evergreen Strategy 2.0 for a refresher.
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I like the idea
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informative and substantial
informative and substantial
Sound different from other normal strategy
Sound different from other normal strategy.
technical analysis is carefully reviewed
I can say that the technical analysis is carefully reviewed and the forecasts are close to accurate.
very honest and straight to the point
Mr. Jaycee is very honest and straight to the point. I like when he do his technical analysis because it is on detail and it helps me as a new trader. When to buy, what to avoid and most specially not endorsing any companies just pure honesty.
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He is smart and direct to the point.
Detailed and helpful analysis
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One of the best analysts
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He is methodical in a way. You can see research is being put into every trade. Other’s are just pure hyped by social media.
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