Unilever PLC Stock Forecast
Unilever PLC stock price ended at $47.31 on Friday, after gaining 0.98%.
(Updated on Apr 19, 2024)
The Unilever PLC stock price gained 0.98% on the last trading day (Friday, 19th Apr 2024), rising from $46.85 to $47.31. 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 0.798% from a day low at $47.02 to a day high of $47.39. The price has fallen in 6 of the last 10 days and is down by -2.33% for this period. Volume fell on the last day by -705 thousand shares and in total, 5 million shares were bought and sold for approximately $224.98 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 stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.43% during the next 3 months and, with a 90% probability hold a price between $45.28 and $49.17 at the end of this 3-month period.
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UL Signals & Forecast
There are mixed signals in the stock today. The Unilever PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $48.75. On a fall, the stock will find some support from the short-term average at $46.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Unilever PLC stock
Unilever PLC finds support from accumulated volume at $46.85 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 $0.375 between high and low, or 0.798%. For the last week, the stock has had daily average volatility of 0.95%.
Unilever PLC is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $44.74 (-5.43%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (UL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Unilever PLC to open at $47.24, and during the day (based on 14 day Average True Range), to move between $46.77 and $47.85, which gives a possible trading interval of +/-$0.535 (+/-1.13%) up or down from last closing price. If Unilever PLC takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.62 (0.66%) than the support at $46.85 (0.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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.
Current score: -0.117 Hold/Accumulate Unchanged
Predicted Opening Price for Unilever PLC of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $47.24 ( 0.151%) | $47.31 |
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 | 47.61 | 0.641 % | |
| R2 | 47.47 | 0.338 % | ||
| R1 | 47.38 | 0.151 % | ||
| Current price: | 47.31 | |||
| Support | S1 | 47.10 | -0.454 % | |
| S2 | 47.01 | -0.641 % | ||
| S3 | 46.86 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.90 | 3.36 % | |
| R2 | 48.37 | 2.24 % | ||
| R1 | 47.62 | 0.655 % | ||
| Current price | 47.31 | |||
| Support | S1 | 46.85 | -0.97% | |
| S2 | 46.69 | -1.31% | ||
| S3 | 46.47 | -1.78% |
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
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