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Union Bank of India
Buy, Hold or Sell?

Let's analyse Union Bank of India together

PenkeI guess you are interested in Union Bank of India. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Union Bank of India. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Union Bank of India (30 sec.)










What can you expect buying and holding a share of Union Bank of India? (30 sec.)

How much money do you get?

How much money do you get?
INR0.08
When do you have the money?
1 year
How often do you get paid?
60.0%

What is your share worth?

Current worth
INR103.23
Expected worth in 1 year
INR144.85
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR48.42
Return On Investment
32.0%

For what price can you sell your share?

Current Price per Share
INR151.20
Expected price per share
INR132.60 - INR161.90
How sure are you?
50%

1. Valuation of Union Bank of India (5 min.)




Live pricePrice per Share (EOD)

INR151.20

Intrinsic Value Per Share

INR24.54 - INR435.44

Total Value Per Share

INR127.78 - INR538.67

2. Growth of Union Bank of India (5 min.)




Is Union Bank of India growing?

Current yearPrevious yearGrowGrow %
How rich?$9.4b$8.5b$953m10.1%

How much money is Union Bank of India making?

Current yearPrevious yearGrowGrow %
Making money$1b$631.8m$389.5m38.1%
Net Profit Margin17.4%12.7%--

How much money comes from the company's main activities?

3. Financial Health of Union Bank of India (5 min.)




4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

What can you expect buying and holding a share of Union Bank of India? (5 min.)

Welcome investor! Union Bank of India's management wants to use your money to grow the business. In return you get a share of Union Bank of India.

What can you expect buying and holding a share of Union Bank of India?

First you should know what it really means to hold a share of Union Bank of India. And how you can make/lose money.

Speculation

The Price per Share of Union Bank of India is INR151.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Union Bank of India.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Union Bank of India, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR103.23. Based on the TTM, the Book Value Change Per Share is INR10.40 per quarter. Based on the YOY, the Book Value Change Per Share is INR8.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.70 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Union Bank of India.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.130.1%0.130.1%0.080.1%0.030.0%0.020.0%
Usd Book Value Change Per Share0.120.1%0.120.1%0.100.1%0.170.1%0.100.1%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.150.1%0.150.1%0.120.1%0.180.1%0.100.1%
Usd Price Per Share0.80-0.80-0.46-0.63-1.13-
Price to Earnings Ratio5.97-5.97-5.61--2.27-38.73-
Price-to-Total Gains Ratio5.50-5.50-3.98-11.89-38.02-
Price to Book Ratio0.64-0.64-0.42-0.97-2.85-
Price-to-Total Gains Ratio5.50-5.50-3.98-11.89-38.02-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.8144
Number of shares551
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.120.17
Usd Total Gains Per Share0.150.18
Gains per Quarter (551 shares)80.0497.27
Gains per Year (551 shares)320.17389.08
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14527531018371379
29055063036742768
31358269505411131157
4180110112707214841546
5225137615909018551935
62701651191010822262324
73151926223012625982713
83602201255014429693102
94052477287016233403491
104502752319018037113880

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%7.03.00.070.0%16.03.00.084.2%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Dividend per Share1.00.00.0100.0%2.00.01.066.7%2.00.03.040.0%6.00.04.060.0%14.00.05.073.7%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%

Fundamentals of Union Bank of India

About Union Bank of India

Union Bank of India provides various banking products and services. It operates through four segments: Treasury Operations, Retail Banking Operations, Corporate and Wholesale Banking, and Other Banking Operations. The company offers savings and current accounts; term and recurring deposits; and demat and online trading accounts. It also provides home, vehicle, education, personal, agriculture, and gold loans; loans against the property; and loans for pensioners, as well as products and loans for micro, small, and medium enterprises. In addition, the company offers mutual funds; life, non-life, health, and general insurance products; tax saving deposits; government saving schemes, tax collection services, pension products, and departmentalized ministries accounts; short term, long term, and other credit for agricultural/SSI/tertiary sectors; and safe deposit locker and cheque collection services. Further, it provides corporate loans, that includes line of credit, trade finance, working capital, project financing, and channel finance; debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, and private equity services; cash management, ECGC cover, and foreign exchange services, as well as derivatives; export and import finance services; NRI banking services; and treasury and other products, and remittance services. Additionally, the company offers app, internet, self-service, ATM, and SMS banking services; point of sale terminal and immediate payment services; and combo, debit, credit, gift, prepaid, and payroll cards. The company was incorporated in 1919 and is headquartered in Mumbai, India.

Fundamental data was last updated by Penke on 2024-03-23 19:58:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is unable to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Union Bank of India.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Union Bank of India earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • A Net Profit Margin of 17.4% means that ₹0.17 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Union Bank of India:

  • The MRQ is 17.4%. The company is making a huge profit. +2
  • The TTM is 17.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.4%TTM17.4%0.0%
TTM17.4%YOY12.7%+4.6%
TTM17.4%5Y0.1%+17.3%
5Y0.1%10Y1.0%-0.9%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ17.4%18.4%-1.0%
TTM17.4%28.0%-10.6%
YOY12.7%25.2%-12.5%
5Y0.1%22.8%-22.7%
10Y1.0%19.8%-18.8%
1.1.2. Return on Assets

Shows how efficient Union Bank of India is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • 0.7% Return on Assets means that Union Bank of India generated ₹0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Union Bank of India:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY0.4%+0.2%
TTM0.7%5Y0.0%+0.6%
5Y0.0%10Y0.1%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%0.1%+0.6%
TTM0.7%0.2%+0.5%
YOY0.4%0.2%+0.2%
5Y0.0%0.2%-0.2%
10Y0.1%0.2%-0.1%
1.1.3. Return on Equity

Shows how efficient Union Bank of India is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • 10.8% Return on Equity means Union Bank of India generated ₹0.11 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Union Bank of India:

  • The MRQ is 10.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 10.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.8%TTM10.8%0.0%
TTM10.8%YOY7.4%+3.4%
TTM10.8%5Y0.5%+10.3%
5Y0.5%10Y0.8%-0.3%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ10.8%1.4%+9.4%
TTM10.8%2.5%+8.3%
YOY7.4%2.7%+4.7%
5Y0.5%2.5%-2.0%
10Y0.8%2.8%-2.0%

1.2. Operating Efficiency of Union Bank of India.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Union Bank of India is operating .

  • Measures how much profit Union Bank of India makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • An Operating Margin of 23.4% means the company generated ₹0.23  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Union Bank of India:

  • The MRQ is 23.4%. The company is operating efficient. +1
  • The TTM is 23.4%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ23.4%TTM23.4%0.0%
TTM23.4%YOY19.1%+4.4%
TTM23.4%5Y33.8%-10.4%
5Y33.8%10Y107.7%-73.9%
1.2.2. Operating Ratio

Measures how efficient Union Bank of India is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.50 means that the operating costs are ₹0.50 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Union Bank of India:

  • The MRQ is 0.497. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.497. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.497TTM0.4970.000
TTM0.497YOY0.470+0.028
TTM0.4975Y0.537-0.040
5Y0.53710Y0.527+0.010

1.3. Liquidity of Union Bank of India.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Union Bank of India is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
  • A Current Ratio of 0.47 means the company has ₹0.47 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Union Bank of India:

  • The MRQ is 0.471. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.471. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.471TTM0.4710.000
TTM0.471YOY17.019-16.548
TTM0.4715Y52.071-51.600
5Y52.07110Y26.478+25.593
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.4710.124+0.347
YOY17.0190.225+16.794
5Y52.0710.219+51.852
10Y26.4780.131+26.347
1.3.2. Quick Ratio

Measures if Union Bank of India is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • A Quick Ratio of -15.65 means the company can pay off ₹-15.65 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Union Bank of India:

  • The MRQ is -15.648. The company is unable to pay all its short-term debts with the most liquid assets. -2
  • The TTM is -15.648. The company is unable to pay all its short-term debts with the most liquid assets. -2
Trends
Current periodCompared to+/- 
MRQ-15.648TTM-15.6480.000
TTM-15.648YOY10.275-25.923
TTM-15.6485Y8.884-24.533
5Y8.88410Y4.502+4.382

1.4. Solvency of Union Bank of India.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Union Bank of India assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Union Bank of India to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.94 means that Union Bank of India assets are financed with 93.9% credit (debt) and the remaining percentage (100% - 93.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Union Bank of India:

  • The MRQ is 0.939. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.939. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.939TTM0.9390.000
TTM0.939YOY0.941-0.002
TTM0.9395Y0.941-0.002
5Y0.94110Y0.944-0.003
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9390.915+0.024
TTM0.9390.917+0.022
YOY0.9410.919+0.022
5Y0.9410.919+0.022
10Y0.9440.927+0.017
1.4.2. Debt to Equity Ratio

Measures if Union Bank of India is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Union Bank of India to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 1,534.9% means that company has ₹15.35 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Union Bank of India:

  • The MRQ is 15.349. The company is unable to pay all its debts with equity. -1
  • The TTM is 15.349. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ15.349TTM15.3490.000
TTM15.349YOY15.847-0.498
TTM15.3495Y15.968-0.619
5Y15.96810Y16.907-0.940
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ15.34910.829+4.520
TTM15.34911.013+4.336
YOY15.84711.363+4.484
5Y15.96811.437+4.531
10Y16.90713.038+3.869

2. Market Valuation of Union Bank of India

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Union Bank of India generates.

  • Above 15 is considered overpriced but always compare Union Bank of India to the Banks - Regional industry mean.
  • A PE ratio of 5.97 means the investor is paying ₹5.97 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Union Bank of India:

  • The EOD is 13.560. Based on the earnings, the company is underpriced. +1
  • The MRQ is 5.968. Based on the earnings, the company is cheap. +2
  • The TTM is 5.968. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD13.560MRQ5.968+7.592
MRQ5.968TTM5.9680.000
TTM5.968YOY5.611+0.358
TTM5.9685Y-2.267+8.236
5Y-2.26710Y38.733-41.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD13.5607.398+6.162
MRQ5.9686.680-0.712
TTM5.9685.295+0.673
YOY5.6116.943-1.332
5Y-2.2679.770-12.037
10Y38.7339.943+28.790
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Union Bank of India:

  • The EOD is 37.894. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 16.679. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 16.679. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD37.894MRQ16.679+21.215
MRQ16.679TTM16.6790.000
TTM16.679YOY0.830+15.849
TTM16.6795Y1.418+15.260
5Y1.41810Y-31.827+33.245
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD37.894-2.069+39.963
MRQ16.679-1.868+18.547
TTM16.679-0.342+17.021
YOY0.8306.448-5.618
5Y1.4180.429+0.989
10Y-31.8270.091-31.918
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Union Bank of India is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • A PB ratio of 0.64 means the investor is paying ₹0.64 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Union Bank of India:

  • The EOD is 1.465. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.645. Based on the equity, the company is cheap. +2
  • The TTM is 0.645. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.465MRQ0.645+0.820
MRQ0.645TTM0.6450.000
TTM0.645YOY0.417+0.228
TTM0.6455Y0.965-0.321
5Y0.96510Y2.853-1.887
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.4650.427+1.038
MRQ0.6450.386+0.259
TTM0.6450.470+0.175
YOY0.4170.642-0.225
5Y0.9650.795+0.170
10Y2.8531.025+1.828
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Union Bank of India compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--10.40410.4040%8.022+30%14.031-26%8.036+29%
Book Value Per Share--103.232103.2320%92.828+11%72.109+43%50.607+104%
Current Ratio--0.4710.4710%17.019-97%52.071-99%26.478-98%
Debt To Asset Ratio--0.9390.9390%0.9410%0.9410%0.944-1%
Debt To Equity Ratio--15.34915.3490%15.847-3%15.968-4%16.907-9%
Dividend Per Share--1.7011.7010%1.7010%0.680+150%0.563+202%
Eps--11.15011.1500%6.898+62%2.776+302%1.406+693%
Free Cash Flow Per Share--3.9903.9900%46.622-91%11.076-64%6.903-42%
Free Cash Flow To Equity Per Share---9.967-9.9670%45.592-122%8.875-212%8.695-215%
Gross Profit Margin--0.9840.9840%0.9870%0.998-1%0.974+1%
Intrinsic Value_10Y_max--435.439--------
Intrinsic Value_10Y_min--24.545--------
Intrinsic Value_1Y_max--29.492--------
Intrinsic Value_1Y_min--5.842--------
Intrinsic Value_3Y_max--99.389--------
Intrinsic Value_3Y_min--14.728--------
Intrinsic Value_5Y_max--182.281--------
Intrinsic Value_5Y_min--20.448--------
Market Cap1154201868288.000+56%508016761472.000508016761472.0000%295420716288.000+72%402443931852.800+26%716185312716.800-29%
Net Profit Margin--0.1740.1740%0.127+36%0.001+29576%0.010+1702%
Operating Margin--0.2340.2340%0.191+23%0.338-31%1.077-78%
Operating Ratio--0.4970.4970%0.470+6%0.537-7%0.527-6%
Pb Ratio1.465+56%0.6450.6450%0.417+55%0.965-33%2.853-77%
Pe Ratio13.560+56%5.9685.9680%5.611+6%-2.267+138%38.733-85%
Price Per Share151.200+56%66.55066.5500%38.700+72%52.720+26%93.820-29%
Price To Free Cash Flow Ratio37.894+56%16.67916.6790%0.830+1909%1.418+1076%-31.827+291%
Price To Total Gains Ratio12.490+56%5.4975.4970%3.980+38%11.892-54%38.019-86%
Quick Ratio---15.648-15.6480%10.275-252%8.884-276%4.502-448%
Return On Assets--0.0070.0070%0.004+50%0.000+1413%0.001+1108%
Return On Equity--0.1080.1080%0.074+45%0.005+1991%0.008+1251%
Total Gains Per Share--12.10612.1060%9.723+25%14.711-18%8.599+41%
Usd Book Value--9456421200.0009456421200.0000%8503334988.000+11%6605459205.600+43%4635743121.600+104%
Usd Book Value Change Per Share--0.1250.1250%0.096+30%0.168-26%0.096+29%
Usd Book Value Per Share--1.2391.2390%1.114+11%0.865+43%0.607+104%
Usd Dividend Per Share--0.0200.0200%0.0200%0.008+150%0.007+202%
Usd Eps--0.1340.1340%0.083+62%0.033+302%0.017+693%
Usd Free Cash Flow--365505600.000365505600.0000%4270722000.000-91%1014590400.000-64%632370600.000-42%
Usd Free Cash Flow Per Share--0.0480.0480%0.559-91%0.133-64%0.083-42%
Usd Free Cash Flow To Equity Per Share---0.120-0.1200%0.547-122%0.107-212%0.104-215%
Usd Market Cap13850422419.456+56%6096201137.6646096201137.6640%3545048595.456+72%4829327182.234+26%8594223752.602-29%
Usd Price Per Share1.814+56%0.7990.7990%0.464+72%0.633+26%1.126-29%
Usd Profit--1021399200.0001021399200.0000%631838460.000+62%254331475.200+302%129014510.400+692%
Usd Revenue--5885482800.0005885482800.0000%4965056892.000+19%3878068828.800+52%2722648562.400+116%
Usd Total Gains Per Share--0.1450.1450%0.117+25%0.177-18%0.103+41%
 EOD+4 -4MRQTTM+0 -0YOY+21 -135Y+19 -1710Y+23 -13

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.560
Price to Book Ratio (EOD)Between0-11.465
Net Profit Margin (MRQ)Greater than00.174
Operating Margin (MRQ)Greater than00.234
Quick Ratio (MRQ)Greater than1-15.648
Current Ratio (MRQ)Greater than10.471
Debt to Asset Ratio (MRQ)Less than10.939
Debt to Equity Ratio (MRQ)Less than115.349
Return on Equity (MRQ)Greater than0.150.108
Return on Assets (MRQ)Greater than0.050.007
Total4/10 (40.0%)

3.3. 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 than5054.812
Ma 20Greater thanMa 50149.020
Ma 50Greater thanMa 100145.086
Ma 100Greater thanMa 200130.394
OpenGreater thanClose150.350
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Net Working Capital  3,646,336,002-3,293,755,901352,580,101122,253,607474,833,708253,944,175728,777,883-760,704,884-31,927,001



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets12,883,571,100
Total Liabilities12,095,536,000
Total Stockholder Equity788,035,100
 As reported
Total Liabilities 12,095,536,000
Total Stockholder Equity+ 788,035,100
Total Assets = 12,883,571,100

Assets

Total Assets12,883,571,100
Total Current Assets28,416,340
Long-term Assets88,479,756
Total Current Assets
Cash And Cash Equivalents 1,125,988,700
Short-term Investments -1,097,572,360
Net Receivables 124,891,415
Inventory -1,410,363,003
Other Current Assets 1,285,471,588
Total Current Assets  (as reported)28,416,340
Total Current Assets  (calculated)28,416,340
+/-0
Long-term Assets
Property Plant Equipment 88,479,700
Long Term Investments 3,437,269,600
Intangible Assets 1,918,889
Long-term Assets Other -88,479,756
Long-term Assets  (as reported)88,479,756
Long-term Assets  (calculated)3,439,188,433
+/- 3,350,708,677

Liabilities & Shareholders' Equity

Total Current Liabilities60,343,341
Long-term Liabilities427,365,947
Total Stockholder Equity788,035,100
Total Current Liabilities
Accounts payable 60,343,341
Other Current Liabilities -60,343,341
Total Current Liabilities  (as reported)60,343,341
Total Current Liabilities  (calculated)0
+/- 60,343,341
Long-term Liabilities
Long term Debt Total 580,545,300
Long-term Liabilities  (as reported)427,365,947
Long-term Liabilities  (calculated)580,545,300
+/- 153,179,353
Total Stockholder Equity
Common Stock68,347,500
Retained Earnings 5,832,043
Accumulated Other Comprehensive Income 1,181,541,079
Capital Surplus 1,040,000
Other Stockholders Equity -468,725,522
Total Stockholder Equity (as reported)788,035,100
Total Stockholder Equity (calculated)788,035,100
+/-0
Other
Capital Stock69,387,500
Cash and Short Term Investments 28,416,340
Common Stock Shares Outstanding 6,834,747
Liabilities and Stockholders Equity 12,883,571,100
Net Debt -698,622,700
Net Invested Capital 1,214,361,100
Net Working Capital -31,927,001
Property Plant and Equipment Gross 174,870,735
Short Long Term Debt Total 427,366,000



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-31
> Total Assets 
724,132,483
891,260,392
1,026,778,758
1,240,732,706
1,609,755,115
1,951,618,430
2,365,629,440
2,635,059,876
3,129,119,205
3,550,144,600
3,835,689,500
4,073,645,636
4,556,687,221
4,911,464,047
4,985,805,347
5,555,090,519
10,823,773,947
11,937,656,099
12,883,571,100
12,883,571,10011,937,656,09910,823,773,9475,555,090,5194,985,805,3474,911,464,0474,556,687,2214,073,645,6363,835,689,5003,550,144,6003,129,119,2052,635,059,8762,365,629,4401,951,618,4301,609,755,1151,240,732,7061,026,778,758891,260,392724,132,483
   > Total Current Assets 
487,966,747
623,979,673
738,711,066
880,502,353
1,156,433,881
1,384,528,777
0
1,980,543,856
2,298,003,999
2,587,382,411
2,854,251,126
3,129,827,979
3,397,910,067
3,617,771,541
3,664,023,752
371,348,576
506,641,213
774,271,995
28,416,340
28,416,340774,271,995506,641,213371,348,5763,664,023,7523,617,771,5413,397,910,0673,129,827,9792,854,251,1262,587,382,4112,298,003,9991,980,543,85601,384,528,7771,156,433,881880,502,353738,711,066623,979,673487,966,747
       Cash And Cash Equivalents 
65,719,707
63,905,141
84,264,425
100,978,380
159,849,295
157,766,939
201,328,273
157,038,410
174,033,963
243,041,665
226,030,077
297,601,085
343,748,809
494,803,575
431,630,771
552,487,981
847,633,374
1,197,582,209
1,125,988,700
1,125,988,7001,197,582,209847,633,374552,487,981431,630,771494,803,575343,748,809297,601,085226,030,077243,041,665174,033,963157,038,410201,328,273157,766,939159,849,295100,978,38084,264,42563,905,14165,719,707
       Net Receivables 
5,880,781
6,701,949
7,387,025
9,817,912
9,102,448
10,368,812
0
16,943,595
84,299,632
77,106,251
102,137,145
105,450,793
142,310,325
124,654,206
69,809,280
53,865,654
102,833,521
116,499,843
124,891,415
124,891,415116,499,843102,833,52153,865,65469,809,280124,654,206142,310,325105,450,793102,137,14577,106,25184,299,63216,943,595010,368,8129,102,4489,817,9127,387,0256,701,9495,880,781
       Other Current Assets 
416,366,259
553,372,583
647,059,616
769,706,061
987,482,138
1,216,393,026
0
1,806,561,851
2,039,670,404
2,267,234,495
2,526,083,904
2,726,776,101
2,911,850,933
2,998,313,760
3,162,583,701
3,358,342,091
6,409,057,791
7,147,185,849
1,285,471,588
1,285,471,5887,147,185,8496,409,057,7913,358,342,0913,162,583,7012,998,313,7602,911,850,9332,726,776,1012,526,083,9042,267,234,4952,039,670,4041,806,561,85101,216,393,026987,482,138769,706,061647,059,616553,372,583416,366,259
   > Long-term Assets 
236,165,736
267,280,719
288,067,692
360,230,353
453,321,234
567,089,653
0
654,516,020
831,115,206
962,762,189
981,438,374
943,817,657
1,158,777,154
1,293,692,506
1,321,781,595
47,879,935
73,664,201
72,083,095
88,479,756
88,479,75672,083,09573,664,20147,879,9351,321,781,5951,293,692,5061,158,777,154943,817,657981,438,374962,762,189831,115,206654,516,0200567,089,653453,321,234360,230,353288,067,692267,280,719236,165,736
       Property Plant Equipment 
8,054,593
7,979,143
8,194,328
21,933,663
23,089,661
22,879,372
23,015,029
23,197,560
24,640,213
25,781,998
26,666,921
39,265,593
38,794,519
38,132,420
37,416,023
47,069,858
70,660,761
69,668,544
88,479,700
88,479,70069,668,54470,660,76147,069,85837,416,02338,132,42038,794,51939,265,59326,666,92125,781,99824,640,21323,197,56023,015,02922,879,37223,089,66121,933,6638,194,3287,979,1438,054,593
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
124,942
124,942
124,942
124,942
0
0
0
000124,942124,942124,942124,942000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
946,363,538
858,181,535
905,732,138
1,119,723,068
1,255,107,068
1,283,912,095
1,542,514,859
3,390,585,100
3,518,390,400
3,437,269,600
3,437,269,6003,518,390,4003,390,585,1001,542,514,8591,283,912,0951,255,107,0681,119,723,068905,732,138858,181,535946,363,538000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
313,821
451,937
277,373
252,954
259,567
328,076
328,535
685,134
3,003,441
2,414,551
1,918,889
1,918,8892,414,5513,003,441685,134328,535328,076259,567252,954277,373451,937313,82100000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
948,898,289
1,294,076,458
1,532,381,875
1,502,126,289
1,887,404,153
3,390,585,100
0
0
003,390,585,1001,887,404,1531,502,126,2891,532,381,8751,294,076,458948,898,28900000000000
> Total Liabilities 
687,988,150
845,678,819
974,880,076
1,167,255,711
1,522,351,570
1,847,380,622
2,235,778,501
2,486,867,522
2,954,519,459
3,362,499,743
3,636,609,768
3,843,164,508
4,315,566,424
4,658,945,962
4,717,448,829
5,215,196,495
10,176,396,169
11,229,044,850
12,095,536,000
12,095,536,00011,229,044,85010,176,396,1695,215,196,4954,717,448,8294,658,945,9624,315,566,4243,843,164,5083,636,609,7683,362,499,7432,954,519,4592,486,867,5222,235,778,5011,847,380,6221,522,351,5701,167,255,711974,880,076845,678,819687,988,150
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
2,998,912,060
3,195,383,929
3,468,991,392
3,803,500,987
4,150,654,779
17,687,750
18,768,475
31,807,505
45,494,112
60,343,341
60,343,34145,494,11231,807,50518,768,47517,687,7504,150,654,7793,803,500,9873,468,991,3923,195,383,9292,998,912,060000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
293,162,277
351,679,979
306,366,148
412,254,965
456,803,916
0
0
0
0
0
00000456,803,916412,254,965306,366,148351,679,979293,162,277000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
293,162,277
351,679,979
306,366,148
412,254,965
456,803,916
0
0
0
0
0
00000456,803,916412,254,965306,366,148351,679,979293,162,277000000000
       Accounts payable 
7,079,832
9,374,010
10,962,008
15,821,302
17,266,379
17,969,008
0
12,941,023
8,372,023
8,841,308
9,201,276
10,362,833
16,598,430
35,081,631
17,687,750
18,768,475
31,807,505
45,494,112
60,343,341
60,343,34145,494,11231,807,50518,768,47517,687,75035,081,63116,598,43010,362,8339,201,2768,841,3088,372,02312,941,023017,969,00817,266,37915,821,30210,962,0089,374,0107,079,832
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
13,560,138
11,679,229
17,453,468
14,955,569
12,688,835
-17,687,750
-18,768,475
-31,807,505
-45,494,112
-60,343,341
-60,343,341-45,494,112-31,807,505-18,768,475-17,687,75012,688,83514,955,56917,453,46811,679,22913,560,138000000000
   > Long-term Liabilities 
39,909,583
67,443,994
76,355,322
85,104,922
87,748,953
92,153,064
133,159,696
179,094,878
228,943,387
291,472,415
363,359,208
323,819,616
427,210,534
403,632,751
354,468,541
527,140,581
519,222,312
512,451,999
427,365,947
427,365,947512,451,999519,222,312527,140,581354,468,541403,632,751427,210,534323,819,616363,359,208291,472,415228,943,387179,094,878133,159,69692,153,06487,748,95385,104,92276,355,32267,443,99439,909,583
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
306,366,148
412,254,965
456,803,916
432,755,957
527,140,581
519,222,312
512,452,000
580,545,300
580,545,300512,452,000519,222,312527,140,581432,755,957456,803,916412,254,965306,366,14800000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
70,425,406
89,545,860
67,806,968
100,119,541
51,228,202
80,244,448
135,834,181
345,796,756
300,531,002
0
0300,531,002345,796,756135,834,18180,244,44851,228,202100,119,54167,806,96889,545,86070,425,406000000000
> Total Stockholder Equity
36,144,333
45,581,573
51,898,682
73,476,995
87,403,545
104,237,808
129,324,384
147,786,943
174,301,863
187,453,170
198,991,651
230,481,128
241,120,797
252,518,085
268,356,518
339,894,024
647,377,778
708,611,249
788,035,100
788,035,100708,611,249647,377,778339,894,024268,356,518252,518,085241,120,797230,481,128198,991,651187,453,170174,301,863147,786,943129,324,384104,237,80887,403,54573,476,99551,898,68245,581,57336,144,333
   Common Stock
4,601,179
5,051,179
5,051,179
5,051,179
5,051,179
5,051,179
6,353,324
6,615,490
5,967,942
6,303,063
6,357,788
6,874,411
6,874,411
11,685,734
17,630,163
34,228,189
64,068,444
68,347,475
68,347,500
68,347,50068,347,47564,068,44434,228,18917,630,16311,685,7346,874,4116,874,4116,357,7886,303,0635,967,9426,615,4906,353,3245,051,1795,051,1795,051,1795,051,1795,051,1794,601,179
   Retained Earnings 
409,907
5,503
4,835
6,495
8,340
16,327
0
6,128
4,074
4,102
4,162
36
36
-53,585,363
-84,002,080
-116,734,870
35
35
5,832,043
5,832,0433535-116,734,870-84,002,080-53,585,36336364,1624,1024,0746,128016,3278,3406,4954,8355,503409,907
   Accumulated Other Comprehensive Income 
-1,550,178
-1,694,673
-1,839,152
-2,123,189
-8,623,035
-10,704,554
0
-13,654,958
-15,249,593
-17,404,909
-19,404,798
-15,001,711
-24,699,435
-27,724,421
-30,869,495
-34,300,953
943,342,899
1,041,541,746
1,181,541,079
1,181,541,0791,041,541,746943,342,899-34,300,953-30,869,495-27,724,421-24,699,435-15,001,711-19,404,798-17,404,909-15,249,593-13,654,9580-10,704,554-8,623,035-2,123,189-1,839,152-1,694,673-1,550,178
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
44,843,791
50,485,991
110,736,572
152,854,779
253,816,883
1,040,000
1,040,000
1,040,000
1,040,0001,040,0001,040,000253,816,883152,854,779110,736,57250,485,99144,843,79100000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
32,683,425
42,219,564
48,681,820
70,542,510
90,967,061
109,874,856
122,971,060
154,820,283
183,579,440
198,550,914
212,034,499
238,608,392
258,945,785
322,142,135
364,557,895
455,661,623
-361,073,635
-402,318,042
-468,725,522
-468,725,522-402,318,042-361,073,635455,661,623364,557,895322,142,135258,945,785238,608,392212,034,499198,550,914183,579,440154,820,283122,971,060109,874,85690,967,06170,542,51048,681,82042,219,56432,683,425



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue490,456,900
Cost of Revenue-0
Gross Profit490,456,900490,456,900
 
Operating Income (+$)
Gross Profit490,456,900
Operating Expense-243,924,500
Operating Income114,832,935246,532,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,482,068
Selling And Marketing Expenses1,334,511
Operating Expense243,924,5003,816,579
 
Net Interest Income (+$)
Interest Income811,631,800
Interest Expense-480,328,400
Other Finance Cost-0
Net Interest Income331,303,400
 
Pretax Income (+$)
Operating Income114,832,935
Net Interest Income331,303,400
Other Non-Operating Income Expenses0
Income Before Tax (EBT)121,464,700-7,445,700
EBIT - interestExpense = -365,495,465
122,277,800
565,445,000
Interest Expense480,328,400
Earnings Before Interest and Taxes (EBIT)114,832,935601,793,100
Earnings Before Interest and Taxes (EBITDA)122,278,635
 
After tax Income (+$)
Income Before Tax121,464,700
Tax Provision-37,161,200
Net Income From Continuing Ops85,116,70084,303,500
Net Income85,116,600
Net Income Applicable To Common Shares85,116,700
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses234,059,830
Total Other Income/Expenses Net122,278,635-331,303,400
 

Technical Analysis of Union Bank of India
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Union Bank of India. The general trend of Union Bank of India is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Union Bank of India's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Union Bank of India.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 161.90.

The bearish price targets are: 138.85 > 137.70 > 132.60.

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Union Bank of India Daily Support & Resistance Chart

2. Trend Indicators

2.1 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.

Score

Let's take a look at the Moving Averages of Union Bank of India. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

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 Chart
2.2 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.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Union Bank of India. The current macd is 1.39209414.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Union Bank of India price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Union Bank of India. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Union Bank of India price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Union Bank of India Daily Moving Average Convergence/Divergence (MACD) ChartUnion Bank of India Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 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.


Score

Let's take a look at the Directional Movement Index (DMI) of Union Bank of India. The current adx is 21.04.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Union Bank of India shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Union Bank of India Daily Directional Movement Index (DMI) Chart
2.4 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..

Score

Let's take a look at the Parabolic SAR of Union Bank of India. The current sar is 152.50.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Union Bank of India Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 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

Score

Let's take a look at the Relative Strength Index (RSI) of Union Bank of India. The current rsi is 54.81. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Union Bank of India Daily Relative Strength Index (RSI) ChartUnion Bank of India Daily Relative Strength Index (RSI) Chart
3.2 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

Score

Let's take a look at the Stochastic Oscillator of Union Bank of India. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Union Bank of India price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Union Bank of India Daily Stochastic Oscillator ChartUnion Bank of India Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Union Bank of India. The current cci is 29.80.

Union Bank of India Daily Commodity Channel Index (CCI) ChartUnion Bank of India Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Union Bank of India. The current cmo is 10.96.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Union Bank of India Daily Chande Momentum Oscillator (CMO) ChartUnion Bank of India Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Union Bank of India. The current willr is -44.21487603.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Union Bank of India is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Union Bank of India Daily Williams %R ChartUnion Bank of India Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Union Bank of India.

Union Bank of India Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Union Bank of India. The current atr is 6.43458145.

Union Bank of India Daily Average True Range (ATR) ChartUnion Bank of India Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Union Bank of India. The current obv is 2,455,907,884.

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

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Union Bank of India. The current mfi is 56.43.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Union Bank of India Daily Money Flow Index (MFI) ChartUnion Bank of India Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Union Bank of India.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Union Bank of India Daily Candlestick Chart
DateCandlestick Pattern

6.4. 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 than5054.812
Ma 20Greater thanMa 50149.020
Ma 50Greater thanMa 100145.086
Ma 100Greater thanMa 200130.394
OpenGreater thanClose150.350
Total4/5 (80.0%)
Penke

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