UNILEVER - Daily - Technical analysis published on 02/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 46.018 EUR
My targets
48.718 EUR (+2.49%)
49.893 EUR (+4.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UNILEVER as long as the price remains well above 46.018 EUR. The buyers' bullish objective is set at 48.718 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 49.893 EUR. If there is any crossing, the next objective would be the resistance located at 52.240 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNILEVER price is 47.535 EUR. The price is lower by -0.05% since the last closing and was between 47.270 EUR and 47.595 EUR. This implies that the price is at +0.56% from its lowest and at -0.13% from its highest.47.270
47.595
47.535
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNILEVER:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UNILEVER indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 44.063 | 46.018 | 47.084 | 47.535 | 48.718 | 49.893 | 52.240 |
Change (%) | -7.30% | -3.19% | -0.95% | - | +2.49% | +4.96% | +9.90% |
Change | -3.472 | -1.517 | -0.451 | - | +1.183 | +2.358 | +4.705 |
Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 46.438 | 46.917 | 47.238 | 47.717 | 48.038 | 48.517 | 48.838 |
Camarilla | 47.340 | 47.413 | 47.487 | 47.560 | 47.633 | 47.707 | 47.780 |
Woodie | 46.360 | 46.878 | 47.160 | 47.678 | 47.960 | 48.478 | 48.760 |
Fibonacci | 46.917 | 47.222 | 47.411 | 47.717 | 48.022 | 48.211 | 48.517 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 45.342 | 45.658 | 46.192 | 46.508 | 47.042 | 47.358 | 47.892 |
Camarilla | 46.491 | 46.569 | 46.647 | 46.725 | 46.803 | 46.881 | 46.959 |
Woodie | 45.450 | 45.713 | 46.300 | 46.563 | 47.150 | 47.413 | 48.000 |
Fibonacci | 45.658 | 45.983 | 46.184 | 46.508 | 46.833 | 47.034 | 47.358 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 42.950 | 44.335 | 45.460 | 46.845 | 47.970 | 49.355 | 50.480 |
Camarilla | 45.895 | 46.125 | 46.355 | 46.585 | 46.815 | 47.045 | 47.275 |
Woodie | 42.820 | 44.270 | 45.330 | 46.780 | 47.840 | 49.290 | 50.350 |
Fibonacci | 44.335 | 45.294 | 45.886 | 46.845 | 47.804 | 48.396 | 49.355 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 55.10 | |
MACD (12,26,9): | 0.1840 | |
Directional Movement: | 1.898 | |
AROON (14): | 57.142 | |
DEMA (21): | 47.231 | |
Parabolic SAR (0,02-0,02-0,2): | 46.356 | |
Elder Ray (13): | 0.215 | |
Super Trend (3,10): | 46.556 | |
Zig ZAG (10): | 47.515 | |
VORTEX (21): | 1.0510 | |
Stochastique (14,3,5): | 64.71 | |
TEMA (21): | 47.515 | |
Williams %R (14): | -41.37 | |
Chande Momentum Oscillator (20): | 0.930 | |
Repulse (5,40,3): | 0.3480 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0140 | |
Courbe Coppock: | 5.13 |
MA7: | 47.554 | |
MA20: | 46.746 | |
MA50: | 47.228 | |
MA100: | 46.551 | |
MAexp7: | 47.485 | |
MAexp20: | 47.097 | |
MAexp50: | 47.000 | |
MAexp100: | 46.554 | |
Price / MA7: | -0.04% | |
Price / MA20: | +1.69% | |
Price / MA50: | +0.65% | |
Price / MA100: | +2.11% | |
Price / MAexp7: | +0.11% | |
Price / MAexp20: | +0.93% | |
Price / MAexp50: | +1.14% | |
Price / MAexp100: | +2.11% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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