Unilever PLC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Unilever PLC as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Unilever PLC stock price gained 0.628% on the last trading day (Friday, 26th Apr 2024), rising from $50.92 to $51.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.739% from a day low at $51.15 to a day high of $51.53. The price has risen in 7 of the last 10 days and is up by 9.58% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $217.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $49.77, a level that may pose a second chance to hit a runner. According to fan-theory $53.33 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UL Signals & Forecast
The Unilever PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $48.63 and $48.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, March 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 26, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 26, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, March 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 26, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Unilever PLC stock
Unilever PLC finds support from accumulated volume at $50.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.378 between high and low, or 0.739%. For the last week, the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: $49.67 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (UL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Unilever PLC to open at $51.31, and during the day (based on 14 day Average True Range), to move between $50.54 and $51.94, which gives a possible trading interval of +/-$0.701 (+/-1.37%) up or down from last closing price. If Unilever PLC takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $50.92, some $0.320 (0.62%) from the current price of $51.24, our system finds the risk reward attractive.
Is Unilever PLC stock A Buy?
Unilever PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Unilever PLC of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$51.31 ( 0.131%) | $51.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.69 | 0.87 % | |
R2 | 51.54 | 0.587 % | ||
R1 | 51.45 | 0.413 % | ||
Current price: | 51.24 | |||
Support | S1 | 51.16 | -0.151 % | |
S2 | 51.07 | -0.325 % | ||
S3 | 50.93 | -0.607 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 51.24 | |||
Support | S1 | 50.92 | -0.625% | |
S2 | 48.90 | -4.57% | ||
S3 | 46.85 | -8.57% |
UL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Feb 22, 2024 | Mar 22, 2024 | $0.453 | 0.91% |
2 | Apr 28, 2023 | Nov 16, 2023 | Dec 08, 2023 | $0.450 | 0.95% |
3 | Aug 07, 2023 | Aug 03, 2023 | Aug 31, 2023 | $0.475 | 0.93% |
4 | Apr 27, 2023 | May 18, 2023 | Jun 15, 2023 | $0.470 | 0.91% |
5 | Feb 09, 2023 | Feb 23, 2023 | Mar 21, 2023 | $0.457 | 0.90% |
FAQ
Click here for our free guide on how to buy Unilever PLC Stock.