Unilever PLC Stock Forecast
Green day on Wednesday for Unilever PLC stock after gaining 1.03%
(Updated on Mar 27, 2024)
The Unilever PLC stock price gained 1.03% on the last trading day (Wednesday, 27th Mar 2024), rising from $49.63 to $50.14. During the last trading day the stock fluctuated 1.23% from a day low at $49.53 to a day high of $50.14. The price has fallen in 6 of the last 10 days but is still up by 0.76% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $93.91 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 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 3.09% during the next 3 months and, with a 90% probability hold a price between $50.20 and $53.46 at the end of this 3-month period.
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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 $49.74 and $49.76. 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 3.34%. 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 $48.76 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 $0.610 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: $47.93 (-4.41%) (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 (UL) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Unilever PLC to open at $49.94, and during the day (based on 14 day Average True Range), to move between $49.57 and $50.71, which gives a possible trading interval of +/-$0.568 (+/-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 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.61 (0.94%) than the support at $48.76 (2.75%), 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: 0.903 Hold/Accumulate Unchanged
Predicted Opening Price for Unilever PLC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$49.94 ( 0.406%) | $50.14 |
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 | 50.55 | 0.81 % | |
R2 | 50.31 | 0.346 % | ||
R1 | 50.17 | 0.0592 % | ||
Current price: | 50.14 | |||
Support | S1 | 49.70 | -0.87 % | |
S2 | 49.56 | -1.16 % | ||
S3 | 49.33 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 50.70 | 1.12 % | |
R2 | 50.68 | 1.08 % | ||
R1 | 50.61 | 0.94 % | ||
Current price | 50.14 | |||
Support | S1 | 48.76 | -2.75% | |
S2 | 48.37 | -3.53% | ||
S3 | 47.62 | -5.03% |
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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