Unilever plc Stock Forecast
Unilever plc stock upgraded to Buy Candidate.
(Updated on Apr 30, 2024)
The Unilever plc stock price gained 0.85% on the last trading day (Tuesday, 30th Apr 2024), rising from £4,105.00 to £4,140.00. During the last trading day the stock fluctuated 1.59% from a day low at £4,087.00 to a day high of £4,152.00. The price has risen in 7 of the last 10 days and is up by 10.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 563 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately £15.52 billion.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £4,007.48 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £4,285.96 sometime during the next 3 months.
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ULVR.L Signals & Forecast
Mostly positive signals in the chart today. The Unilever plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £4,009.86 and £3,893.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.75%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Unilever plc stock
Unilever plc finds support from accumulated volume at £4,000.00 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 £65.00 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: £3,997.58 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ULVR.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Unilever plc to open at £4,126.33, and during the day (based on 14 day Average True Range), to move between £4,078.45 and £4,201.55, which gives a possible trading interval of +/-£61.55 (+/-1.49%) up or down from last closing price. If Unilever plc takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £4,000.00, some £140.00 (3.38%) from the current price of £4,140.00, our system finds the risk reward attractive.
Is Unilever plc stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Unilever plc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.254 Buy Candidate Upgraded
Predicted Opening Price for Unilever plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £4,126.33 ( 0.330%) | £4,140.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULVR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,191.33 | 1.24 % | |
| R2 | 4,166.50 | 0.640 % | ||
| R1 | 4,151.16 | 0.270 % | ||
| Current price: | 4,140.00 | |||
| Support | S1 | 4,101.50 | -0.93 % | |
| S2 | 4,086.16 | -1.30 % | ||
| S3 | 4,061.33 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4,140.00 | |||
| Support | S1 | 4,000.00 | -3.38% | |
| S2 | 3,885.00 | -6.16% | ||
| S3 | 3,817.00 | -7.80% |
ULVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 07, 2024 | £36.74 | 0.89% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Mar 22, 2024 | £36.47 | 0.92% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0 | 0% |
| 4 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £37.00 | 0.90% |
| 5 | Apr 27, 2023 | May 18, 2023 | Jun 15, 2023 | £37.83 | 0.94% |
FAQ
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