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Union Bank of India

Check the daily chart of Union Bank of India. The closing price of 2021-12-27 was INR 42.95 per share.

Union Bank of India Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Union Bank of India Daily Moving Averages ChartUnion Bank of India Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Union Bank of India:

  • The Moving Average Convergence/Divergence (MACD) is -0.783. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Union Bank of India Daily Moving Average Convergence/Divergence (MACD) ChartUnion Bank of India Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Union Bank of India:

  • The ADX is 19.754. Not trending. -2
  • The ADX is rising, a new trend could be forming. +1
  • The +DI is lower than the -DI. The current trend is down. -2
Union Bank of India Daily Directional Movement Index (DMI) ChartUnion Bank of India Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • Union Bank of India Daily Parabolic SAR ChartUnion Bank of India Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    Union Bank of India Daily Relative Strength Index (RSI) ChartUnion Bank of India Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Union Bank of India Daily Stochastic Oscillator ChartUnion Bank of India Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Union Bank of India Daily Commodity Channel Index (CCI) ChartUnion Bank of India Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Union Bank of India Daily Chande Momentum Oscillator (CMO) ChartUnion Bank of India Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Union Bank of India Daily Williams %R ChartUnion Bank of India Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Union Bank of India Daily Bollinger Bands ChartUnion Bank of India Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Union Bank of India Daily Average True Range (ATR) ChartUnion Bank of India Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Union Bank of India Daily On-Balance Volume (OBV) ChartUnion Bank of India Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Union Bank of India Daily Money Flow Index (MFI) ChartUnion Bank of India Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Union Bank of India.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2021-12-15DMI LONG ENTRY SHORT CLOSE
    2021-12-16MACD SHORT ENTRY LONG CLOSE
    2021-12-17SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    2021-12-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2021-12-24STOCH LONG ENTRY SHORT CLOSE20 crossover to upside

    5.2. Technical Score

    Let's check the technical score of Union Bank of India based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5042.258
    Ma 20Greater thanMa 5045.275
    Ma 50Greater thanMa 10046.793
    Ma 100Greater thanMa 20041.115
    OpenGreater thanClose43.100
    Total3/5 (60.0%)

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