{"id":324845,"date":"2023-09-13T06:12:00","date_gmt":"2023-09-12T22:12:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=324845"},"modified":"2023-09-13T09:20:12","modified_gmt":"2023-09-13T01:20:12","slug":"technicals-talk-universal-robina-corp-urc-13-sep-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-universal-robina-corp-urc-13-sep-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Universal Robina Corp. (URC) – 13 Sep 2023 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>URC<\/td><\/tr>
Company Name<\/strong><\/td>Universal Robina Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>13 Sep 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 116.30<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 123.86<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

URC finished strong yesterday, up 3.42% to close at P121.00. The momentum helped the stock to break out from a descending resistance line. <\/p>\n\n\n\n

URC has risen more than 8% since rebounding from its lowest level after recording its 52-wk high of P156.50 last May 8. In terms of price action, the stock is trading above the 10 and 20-day EMA and if the increase continues, the next closest resistance will be its 50-day EMA at 123.86. <\/p>\n\n\n\n

On the other hand, if it loses momentum, the price can fall to the resistance line near P116.30. <\/p>\n\n\n\n

However, indicators are showing positive signals. RSI is bullish at 52 while momentum is picking up as MACD is pointing upward and above its signal line. <\/p>\n\n\n\n

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Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Recommendation is to BUY on weakness.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

URC finished strong yesterday, up 3.42% to close at P121.00.<\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-324845","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/324845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/1685"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=324845"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/324845\/revisions"}],"predecessor-version":[{"id":324848,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/324845\/revisions\/324848"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=324845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=324845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=324845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}