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Technicals for Union Bank of India
By MusingTheNews
2025-06-13 20:59
Overall Technical outlook
Price Summary
On 2025-06-13, Union Bank of India's stock began at 145.0, peaked at 148.61, declined to 145.0, and ended the day 0.86% higher at 146.24, with 8306867 shares traded. The stock's highest price over the 52-week span is 155.39, while the lowest price is 101.25. The anticipated price is forecasted to be between 120.0 and 160.0, with an average price expectation of 142.90909, based on input from 11 analysts.
Technicals
Support and Resistance: The price of 146.24 is supported at 141.09 and encounters resistance at 155.39. This suggests key levels where the price might find stability, with 141.09 providing a base and 155.39 acting as an upper boundary for UNIONBANK. Support/Resistance for UNIONBANK
Aroon: The current state of the AROON is neutral for UNIONBANK, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for Union Bank of India
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for UNIONBANK, with no strong trend emerging. Bolinger Bands chart for Union Bank of India
Parabolic SAR: The PSAR for UNIONBANK continues to indicate a bearish outlook, reinforcing a resistance level that could limit upward potential. This suggests that the market may remain under bearish control, with resistance acting as a barrier to significant upward movement. Parabolic Stop and Reverse chart for Union Bank of India
Stochastic: The current reading of the STOCHASTIC is neutral for UNIONBANK, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Stochastic chart for Union Bank of India
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Union Bank of India. Tripple SMA chart for Union Bank of India
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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