STOCK IN FOCUS: UNIVERSAL ROBINA CORPORATION (URC)

Figure 1. URC Price Chart

Price and moving averages:

URC has closed below its Short time moving average.
Short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.

Bollinger Bands:
URC has closed below upper band by 46.3%.
Bollinger Bands are 61.4% wider than normal.
The large width of the bands suggest high volatility as compared to URC's normal range.  Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for  11 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.

Historical Volatility:

50 day Historical Volatility is 40% (desired: greater than 40%).

6/100 day ratio Historical Volatility is 0.67 ( desired: less than 0.50).

Trend Direction and Strength:

URC is moving sideways to up in a very strong trend strength.  

Support/Resistance Lines:

Support: 16.84
Resistance: 18.75

 

Figure 2. Other Technical Indicators

RSI:

The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 57.21.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 4 period(s) ago.

Stochastic:

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 13.33.  This is an oversold reading.  However, a signal is not generated until the Oscillator crosses above 20  The last signal was a sell  7 period(s) ago.

MACD:

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  Currently the MACD is bearish since it is trading below its signal line. The last signal was a sell 2 period(s) ago.