UBS Group AG (UBS): Price Down $-0.05 (-0.4)% Over Past Day, Up $0.01 (0.1)% Over Past Hour

The Hourly View for UBS

Currently, UBS’s price is up $0.01 (0.1%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as UBS has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on UBS. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 5 hourly candle timeframe, so the meaning of the candles may require further exploration. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

UBS’s Technical Outlook on the Daily Chart

At the time of this writing, UBS’s price is down $-0.05 (-0.4%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on UBS. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. UBS Group AG’s price action over the past 90 days can be seen via the chart below.

UBS

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