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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