Is NYSE:UBS suited for high growth investing?

A possible breakout setup was detected on UBS GROUP AG-REG (NYSE:UBS) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:UBS.

Deciphering the Technical Picture of NYSE:UBS

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall UBS gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UBS is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• UBS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month UBS has a been trading in the 31.07 - 33.10 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.
• When comparing the performance of all stocks over the past year, UBS turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
• UBS is an average performer in the Capital Markets industry, it outperforms 62% of 220 stocks in the same industry.

For an up to date full technical analysis you can check the technical report of UBS

How do we evaluate the setup for NYSE:UBS?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:UBS exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

UBS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 32.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Looking into the high growth metrics of UBS GROUP AG-REG

• The quarterly earnings of UBS GROUP AG-REG have shown a 279.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• Over the past 3 years, UBS GROUP AG-REG has demonstrated 68.38% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The 1-year revenue growth of UBS GROUP AG-REG (26.12%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• The recent financial report of UBS GROUP AG-REG demonstrates a 279.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• accelerating EPS growth for UBS GROUP AG-REG: the current Q2Q growth of 279.0% exceeds the previous year Q2Q growth of -146.0%.
• With a favorable trend in its free cash flow (FCF) over the past year, UBS GROUP AG-REG demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• The ownership composition of UBS GROUP AG-REG reflects a balanced investor ecosystem, with institutional shareholders owning 46.64%. This indicates a broader market participation and potential for increased trading liquidity.
• UBS GROUP AG-REG has a strong history of beating EPS estimates 3 times in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.