Unilever PLC Stock Forecast
Evaluation of Unilever PLC stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Unilever PLC stock price fell by -0.93% on the last day (Tuesday, 2nd Jul 2024) from 51.34€ to 50.86€. During the last trading day the stock fluctuated 1.31% from a day low at 50.28€ to a day high of 50.94€. The price has fallen in 7 of the last 10 days and is down by -3.05% for this period. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately 68.93€ million.
Given the current short-term trend, the stock is expected to rise 19.72% during the next 3 months and, with a 90% probability hold a price between 60.89€ and 65.18€ at the end of this 3-month period.
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UNA.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Unilever PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 51.77€ and 51.26€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -3.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Unilever PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at 47.59€ and 44.47€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Unilever PLC finds support just below today's level at 47.59€. If this is broken, then the next support from accumulated volume will be at 44.47€ and 44.23€.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.660€ between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNA.AS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Unilever PLC to open at 50.69€, and during the day (based on 14 day Average True Range), to move between 50.28€ and 51.44€, which gives a possible trading interval of +/-0.581€ (+/-1.14%) up or down from last closing price. If Unilever PLC takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.72€ (1.69%) than the support at 47.59€ (6.43%), 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?
The Unilever PLC stock holds several negative signals and despite the positive trend, we believe Unilever PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -4.507 Sell Candidate Downgraded
Predicted Opening Price for Unilever PLC of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 50.69€ ( 0.328%) | 50.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNA.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.35 | 0.97% |
| R2 | 51.10 | 0.474% |
| R1 | 50.95 | 0.168% |
| Price | 50.86 | |
| S1 | 50.44 | -0.82% |
| S2 | 50.29 | -1.13% |
| S3 | 50.03 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.74 | 3.70% |
| R2 | 52.46 | 3.15% |
| R1 | 51.72 | 1.69% |
| Price | 50.86 | |
| S1 | 47.59 | -6.43% |
| S2 | 44.47 | -12.56% |
| S3 | 44.23 | -13.04% |
UNA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 07, 2024 | 0.429€ | 0.83% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Mar 22, 2024 | 0.427€ | 0.92% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Dec 08, 2023 | 0.427€ | 0.97% |
| 4 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | 0.427€ | 0.89% |
| 5 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.427€ | 0.87% |
FAQ
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