Union Bank of the Philippines (PSE:UBP) is still in an uptrend and has not broken down any uptrend support lines. The stock is hitting the immediate resistance at 79. A clear break above this level will make 86.50 as the next resistance. The immediate support is the uptrend line around 77. The 15 EMA and 20 SMA are trending upwards and are acting as the support. The 50 SMA is about to make a bullish crossover versus the 200 SMA which is expected to be explosive in nature. The RSI is currently at overbought levels. The MACD is above the zero line and is moving sideways.
UBP is also trading at only 5.78x annualized 2016 P/E and at 1.27 Price to Book Value, making the stock undervalued versus PSEi.
As of February 24, 2017, at 03:30PM, the volume is 55.15% of the previous trading day.
Online Foreign Brokers
From January 16, 2017 to February 24, 2017, 5 out of 11 active online foreign brokers traded UBP.
Online foreign brokers’ Buy Average: PHP78.55
Online foreign brokers’ Sell Average: PHP78.65
Number of net buyers among the participating online foreign brokers: 2 out of 5
CLSA bought the biggest number of shares among online foreign brokers amounting to PHP2,396,970.00.
DAIWA sold the biggest number of shares among online foreign brokers amounting to PHP3,593,269.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Jan-16-2017 to Feb-24-2017 at 03:30PM:
6 out of 62 participants or 9.68% of all participants registered a 100% BUYING activity
23 out of 62 participants or 37.10% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 87.3318
Top 10 Players’ Selling Average: 78.2954
Foreign Fund Flow
On a 30-day trading period, UBP is on a Net Foreign Buying worth PHP23,868,601.00.
UBP is a low-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.
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