Company Overview
United Capital Plc is one of Nigeria’s leading non-bank financial services institutions, providing investment banking, asset management, trusteeship, securities trading, wealth management, consumer finance, and microfinance services. The company serves governments, corporates, institutions, and retail investors across Africa
Current price: N18.30
Rating: Buy
Long-term investment projection: N33 (+80.33%) or N44 (+140.44%)
Short-term investment projection: N21 (+14.75%) or N22 (+20.22%)
Technical Analysis
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Weekly chart analysis: Market overview
The market is in its second corrective wave. This correction is a zig-zag within an asymmetric triangle. After this second wave, the market is expected to commence a strong bullish run, which should reach N33 (+80.33%) or N44 (+140.44%)
Daily chart analysis: Investment opportunities
After a strong zigzag ABC correction, the market attempts to commence an impulsive wave 1 in the lower degree cycle of the Elliot wave. Plotting the Fibonacci retracement, investment opportunities lie between N17 and N18 with a short-term projection of N21 (+14.75%) or N22 (+20.22%)
Indicator Analysis
Weekly chart analysis: Market overview
On the weekly chart, UCAP slowly recovers with strong liquidity and momentum readings. Although the market volume is slow, the stock trades above its moving average. In line with this performance, the market liquidity and momentum move in an upward trajectory, creating higher highs and lower higher. This performance signals recovery
Daily chart analysis: Investment opportunity
The strong bearish volume offers opportunities for discount investors to buy into value. In line with this performance, the market liquidity remains strong above its threshold, while RSI’s momentum remains solid. Also, MACD’s bearish signal weakens, preparing a bullish run.
Fundamental Analysis
Financial report for the year 2025
Key insight: The fundamental rating for UCAP is 74%. This rating means the stock is suitable for long-term trading and medium-term investment
SWOT Analysis
