Universal Robina Corporation (URC) Analysis
Universal Robina Corporation (URC) closed on September 29, 2020 at ₱134.00 per share, up by 0.1495 percent from the previous trading day’s closing price of ₱133.80. URC hit a total turnover value of ₱97 million.
The foreign investors registered a net foreign selling worth ₱9.70 million today. It’s their 11th net foreign selling day in a row. They are also net sellers year-to-date.
Universal Robina Corporation’s immediate support is near ₱118.70, while its immediate resistance is at ₱135.95. This food company recently broke below the then support (it’s prevailing resistance) at ₱135.95. It now struggles to regain its position above that level due to the lack of foreign investors’ buying support.
Universal Robina Corporation has a low-risk level due to its historical volatility of 24 percent. This means URC does not fluctuate erratically, at least, for the past 10 trading days.
URC’s MACD is bearish. I see no formation of a bullish convergence between the MACD line and the signal line.
Meanwhile, I see that the +DMI registered a golden cross above the -DMI. DMI doesn’t have a confirmed bullish stance yet because its ADX is still below 25 points. This situation is an example of two indicators having an opposite sentiment toward the same stock. Hence, never derive your investment decision on a single indicator only.
I see no pressing concern on the daily volume of Universal Robina Corporation since, in most days, its daily volume is above the 50 percent of the stock’s 10-day volume average.
Trade-Volume Distribution Analysis
Last Price: ₱134.00
VWAP: ₱134.47
Dominant Range: ₱134.00 – ₱134.00
Relative to the position of the last price, the dominant price point of URC is the intraday low itself. Should URC try to recover by the next trading day, the range between ₱135.00 and ₱135.10 might play an important role. Today’s other dominant range is closer to today’s intraday high than the intraday low.
The bottom line is that the 10SMACD combo and Momentum Power Indicator of Universal Robina Corporation are bearish. There is no confirmed buy signal for URC as of today’s closing.
True Market Sentiment – EOD (September 29, 2020)
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱134.5378
Top 10 Players’ Selling Average: ₱134.6786
7 out of 33 participants or 21.21% of all participants registered a 100% BUYING activity
7 out of 33 participants or 21.21% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD (September 28-29, 2020)
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱133.9962
Top 10 Players’ Selling Average: ₱134.0154
12 out of 44 participants or 27.27% of all participants registered a 100% BUYING activity
7 out of 44 participants or 15.91% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD (September 1-29, 2020)
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱136.7288
Top 10 Players’ Selling Average: ₱137.9397
9 out of 79 participants or 11.39% of all participants registered a 100% BUYING activity
8 out of 79 participants or 10.13% of all participants registered a 100% SELLING activity
My overall True Market Sentiment is bearish relative to the individual ratings of these three timeframes. This bearish True Market Sentiment supports the idea of not rushing to buy Universal Robina Corporation shares yet unless and until its 10SMACD combo and Momentum Power Indicator become bullish again.
Recommendations
What does this mean to you if you already have Universal Robina Corporation in your portfolio? Hold your position if, and only if, your trailing stop is intact. Otherwise, cut your losses so can preserve your capital. That’s Risk Management 101.
What does this mean to you if you don’t have Universal Robina Corporation yet, but you’re interested in trading the name? Do not test-buy yet. Wait for its 10SMACD and Momentum Power Indicator to become bullish. Wait for a confirmed buy signal so you can maximize your potential gains and minimize your potential losses.
If you’re one of our clients, it is imperative to review our online stock market course (The Evergreen Strategy in Trading and Investing in the Philippine Stock Market), so you will be reminded of the steps you need to do before you buy any share of stock.
You may also request our latest analysis on URC (or any stock) in our Private Clients Forum to update you if we see a confirmed buy signal for URC (or any stock).
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