UBI BANCA

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	UBI
ISIN:	IT0003487029

UBI BANCA - Daily - Technical analysis published on 01/21/2020 (GMT)

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Timeframe : Daily
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UBI BANCA Chart

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 2.832 EUR

My targets

3.037 EUR (+4.65%)

3.318 EUR (+14.33%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.832 EUR remains possible. It is advisable to trade UBI BANCA with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.832 EUR. The next bullish objective for buyers is set at 3.037 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.318 EUR. If there is any crossing, the next objective would be the resistance located at 3.628 EUR. PS: if there is a bearish break in the support located at 2.832 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

UBI BANCA rating 2.902 EUR. The price registered an increase of -1.73% on the session with the lowest point at 2.896 EUR and the highest point at 2.968 EUR. The deviation from the price is +0.21% for the low point and -2.22% for the high point.

2.896

2.968

2.902

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this UBI BANCA chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.501	2.659	2.832	2.902	2.912	3.037	3.628
Change (%)	-13.82%	-8.37%	-2.41%	-	+0.34%	+4.65%	+25.02%
Change	-0.401	-0.243	-0.070	-	+0.010	+0.135	+0.726
Level	Minor	Intermediate	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.817	2.842	2.890	2.915	2.963	2.988	3.036
Camarilla	2.919	2.926	2.932	2.939	2.946	2.952	2.959
Woodie	2.830	2.848	2.903	2.921	2.976	2.994	3.049
Fibonacci	2.842	2.870	2.887	2.915	2.943	2.960	2.988

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.605	2.686	2.799	2.880	2.993	3.074	3.187
Camarilla	2.859	2.876	2.894	2.912	2.930	2.948	2.965
Woodie	2.621	2.694	2.815	2.888	3.009	3.082	3.203
Fibonacci	2.686	2.760	2.806	2.880	2.954	3.000	3.074

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.538	2.684	2.798	2.944	3.058	3.204	3.318
Camarilla	2.841	2.864	2.888	2.912	2.936	2.960	2.984
Woodie	2.522	2.676	2.782	2.936	3.042	3.196	3.302
Fibonacci	2.684	2.783	2.845	2.944	3.043	3.105	3.204

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.81
MACD (12,26,9):	0.0020
Directional Movement:	11.612
AROON (14):	64.286
DEMA (21):	2.906
Parabolic SAR (0,02-0,02-0,2):	2.767
Elder Ray (13):	0.085
Super Trend (3,10):	2.806
Zig ZAG (10):	2.953
VORTEX (21):	0.9800
Stochastique (14,3,5):	59.15
TEMA (21):	2.888
Williams %R (14):	-28.19
Chande Momentum Oscillator (20):	0.041
Repulse (5,40,3):	-0.2940
ROCnROLL:	1
TRIX (15,9):	-0.0060
Courbe Coppock:	3.10

MA7:	2.903
MA20:	2.908
MA50:	2.889
MA100:	2.734
MAexp7:	2.905
MAexp20:	2.902
MAexp50:	2.864
MAexp100:	2.766
Price / MA7:	-0.03%
Price / MA20:	-0.21%
Price / MA50:	+0.45%
Price / MA100:	+6.14%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0%
Price / MAexp50:	+1.33%
Price / MAexp100:	+4.92%

News

The latest news and videos published on UBI BANCA at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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