UNILEVER - Daily - Technical analysis published on 06/19/2023 (GMT)
- 109
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 49.033 EUR
My targets
45.096 EUR (-4.46%)
43.280 EUR (-8.31%)
My analysis
There is a bearish trend on UNILEVER both at the basic level and in the short term. A sale could be considered, so long as the price remains below 49.033 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 45.096 EUR. Then the price could move towards 43.280 EUR. Then 40.058 EUR by extension. Be careful, a return to above the resistance 49.033 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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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 rating is 47.200 EUR. On the day, this instrument lost -0.76% and was traded between 47.155 EUR and 47.710 EUR over the period. The price is currently at +0.10% from its lowest and -1.07% from its highest.47.155
47.710
47.200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UNILEVER indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.280 | 45.096 | 46.549 | 47.200 | 47.893 | 49.033 | 50.078 |
| Change (%) | -8.31% | -4.46% | -1.38% | - | +1.47% | +3.88% | +6.10% |
| Change | -3.920 | -2.104 | -0.651 | - | +0.693 | +1.833 | +2.878 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.495 | 46.730 | 47.145 | 47.380 | 47.795 | 48.030 | 48.445 |
| Camarilla | 47.381 | 47.441 | 47.500 | 47.560 | 47.620 | 47.679 | 47.739 |
| Woodie | 46.585 | 46.775 | 47.235 | 47.425 | 47.885 | 48.075 | 48.535 |
| Fibonacci | 46.730 | 46.978 | 47.132 | 47.380 | 47.628 | 47.782 | 48.030 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.595 | 45.210 | 46.385 | 47.000 | 48.175 | 48.790 | 49.965 |
| Camarilla | 47.068 | 47.232 | 47.396 | 47.560 | 47.724 | 47.888 | 48.052 |
| Woodie | 44.875 | 45.350 | 46.665 | 47.140 | 48.455 | 48.930 | 50.245 |
| Fibonacci | 45.210 | 45.894 | 46.316 | 47.000 | 47.684 | 48.106 | 48.790 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.449 | 43.934 | 45.365 | 47.850 | 49.281 | 51.766 | 53.197 |
| Camarilla | 45.718 | 46.077 | 46.436 | 46.795 | 47.154 | 47.513 | 47.872 |
| Woodie | 40.921 | 43.671 | 44.837 | 47.587 | 48.753 | 51.503 | 52.669 |
| Fibonacci | 43.934 | 45.430 | 46.354 | 47.850 | 49.346 | 50.270 | 51.766 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.86 | |
| MACD (12,26,9): | -0.4290 | |
| Directional Movement: | -7.828 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 46.692 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.921 | |
| Elder Ray (13): | 0.375 | |
| Super Trend (3,10): | 47.971 | |
| Zig ZAG (10): | 47.195 | |
| VORTEX (21): | 0.8190 | |
| Stochastique (14,3,5): | 64.84 | |
| TEMA (21): | 46.471 | |
| Williams %R (14): | -27.32 | |
| Chande Momentum Oscillator (20): | 0.330 | |
| Repulse (5,40,3): | 0.2730 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1680 | |
| Courbe Coppock: | 3.35 |
| MA7: | 46.773 | |
| MA20: | 47.153 | |
| MA50: | 48.402 | |
| MA100: | 47.444 | |
| MAexp7: | 46.982 | |
| MAexp20: | 47.287 | |
| MAexp50: | 47.720 | |
| MAexp100: | 47.475 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -0.51% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -0.58% |
Quotes :
-
15 min delayed data
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Euronext Amsterdam
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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