UCOBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | UCOBANK | Market Cap | 35,750 Cr. | Current Price | 28.5 ₹ | High / Low | 43.6 ₹ |
| Stock P/E | 13.6 | Book Value | 26.5 ₹ | Dividend Yield | 1.37 % | ROCE | 5.76 % |
| ROE | 8.38 % | Face Value | 10.0 ₹ | DMA 50 | 29.5 ₹ | DMA 200 | 31.9 ₹ |
| Chg in FII Hold | 0.00 % | Chg in DII Hold | -0.10 % | PAT Qtr | 740 Cr. | PAT Prev Qtr | 620 Cr. |
| RSI | 43.1 | MACD | -0.19 | Volume | 63,94,141 | Avg Vol 1Wk | 66,33,990 |
| Low price | 26.8 ₹ | High price | 43.6 ₹ | PEG Ratio | 0.36 | Debt to equity | 10.1 |
| 52w Index | 10.1 % | Qtr Profit Var | 15.8 % | EPS | 2.09 ₹ | Industry PE | 7.64 |
📊 Chart Patterns: UCOBANK is trading at 28.5 ₹, below both 50 DMA (29.5 ₹) and 200 DMA (31.9 ₹). The price has corrected from its 52-week high (43.6 ₹) and is hovering near its 52-week low (26.8 ₹), reflecting weak momentum and bearish consolidation.
📈 Moving Averages: Current price is under both short-term and long-term averages, confirming bearish sentiment. A breakout above 30–32 ₹ could indicate recovery, while failure to hold 27–28 ₹ may trigger further downside.
📉 RSI: At 43.1, RSI suggests weak momentum, leaning towards oversold but not yet at reversal levels.
📉 MACD: Slightly negative at -0.19, showing mild bearish divergence and lack of strong buying signals.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term support.
📊 Volume Trends: Current volume (63.9 lakh) is slightly lower than average weekly volume (66.3 lakh), suggesting reduced participation and cautious sentiment.
📌 Momentum Signals: Short-term momentum remains weak. Support lies around 27–28 ₹, while resistance is near 30–32 ₹.
🎯 Entry Zone: 27–28 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 30–32 ₹ (near 50 DMA resistance).
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout direction.
Positive
- EPS of 2.09 ₹ indicates profitability.
- Dividend yield of 1.37% provides shareholder returns.
- Quarterly PAT improved from 620 Cr. to 740 Cr. (15.8% growth).
- PEG ratio of 0.36 suggests attractive valuation relative to growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows weak technical strength.
- ROCE (5.76%) and ROE (8.38%) reflect modest efficiency.
- Debt-to-equity ratio of 10.1 indicates high leverage risk.
- 52-week performance index at 10.1% reflects underperformance.
Company Negative News
- DII holdings decreased by -0.10%, showing reduced domestic institutional support.
- Stock price corrected sharply from 43.6 ₹ high to current levels.
Company Positive News
- Quarterly PAT growth signals improving operational efficiency.
- Stable FII holdings indicate no foreign investor exit pressure.
Industry
- Industry PE at 7.64 suggests sector trades at lower valuations compared to UCOBANK’s P/E of 13.6.
- Banking sector remains cyclical but supported by credit growth outlook.
Conclusion
⚠️ UCOBANK is consolidating with a bearish bias, trading below key moving averages and showing weak momentum. Short-term traders may consider entry near 27–28 ₹ with strict stop-loss, targeting 30–32 ₹ resistance. Long-term investors should wait for a breakout above 31.9 ₹ (200 DMA) with sustained volume before fresh positions.