Unilever PLC Stock Forecast
Unilever PLC stock price up 0.0540% on Wednesday
(Updated on Mar 27, 2024)
The Unilever PLC stock price gained 0.0540% on the last trading day (Wednesday, 27th Mar 2024), rising from 46.30€ to 46.33€. During the last trading day the stock fluctuated 1.02% from a day low at 45.94€ to a day high of 46.41€. The price has been going up and down for this period, and there has been a 1.19% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately 680.89€ thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.31% during the next 3 months and, with a 90% probability hold a price between 46.88€ and 50.39€ at the end of this 3-month period.
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UNVB.F 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, 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 45.99€ and 46.01€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.59%. 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). Unilever PLC has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Unilever PLC stock
Unilever PLC finds support from accumulated volume at 45.91€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.470€ between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: 44.11€ (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (UNVB.F) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Unilever PLC to open at 46.22€, and during the day (based on 14 day Average True Range), to move between 45.73€ and 46.92€, which gives a possible trading interval of +/-0.591€ (+/-1.28%) up or down from last closing price. If Unilever PLC takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 46.52€ (0.42%) than the support at 45.91€ (0.90%), 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?
Several short-term signals, along with a general good trend, are positive and 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.
Current score: 3.008 Buy Candidate Unchanged
Predicted Opening Price for Unilever PLC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
46.22€ ( 0.223%) | 46.33€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNVB.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.69 | 0.792 % | |
R2 | 46.51 | 0.404 % | ||
R1 | 46.40 | 0.165 % | ||
Current price: | 46.33 | |||
Support | S1 | 46.04 | -0.611 % | |
S2 | 45.93 | -0.85 % | ||
S3 | 45.75 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.23 | 1.95 % | |
R2 | 47.20 | 1.89 % | ||
R1 | 46.52 | 0.421 % | ||
Current price | 46.33 | |||
Support | S1 | 45.91 | -0.90% | |
S2 | 44.42 | -4.11% | ||
S3 | 43.77 | -5.52% |
UNVB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Feb 22, 2024 | Mar 22, 2024 | 0.427€ | 0% |
2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | 0.370€ | 0% |
4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.378€ | 0% |
5 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | 0.381€ | 0% |
FAQ
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