UNILEVER - Daily - Technical analysis published on 02/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 45.485 EUR
My targets
48.141 EUR (+1.73%)
49.168 EUR (+3.91%)
My analysis
The bullish trend is currently very strong on UNILEVER. As long as the price remains above the support at 45.485 EUR, you could try to benefit from the boom. The first bullish objective is located at 48.141 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 49.168 EUR as an objective. Crossing it would then enable buyers to target 50.405 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 47.320 EUR. On the day, this instrument gained +0.50% and was traded between 47.000 EUR and 47.395 EUR over the period. The price is currently at +0.68% from its lowest and -0.16% from its highest.47.000
47.395
47.320
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNILEVER:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of UNILEVER in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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 rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 45.005 | 45.485 | 46.992 | 47.320 | 48.141 | 49.168 | 50.405 |
Change (%) | -4.89% | -3.88% | -0.69% | - | +1.73% | +3.91% | +6.52% |
Change | -2.315 | -1.835 | -0.328 | - | +0.821 | +1.848 | +3.085 |
Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 45.943 | 46.222 | 46.653 | 46.932 | 47.363 | 47.642 | 48.073 |
Camarilla | 46.890 | 46.955 | 47.020 | 47.085 | 47.150 | 47.215 | 47.280 |
Woodie | 46.020 | 46.260 | 46.730 | 46.970 | 47.440 | 47.680 | 48.150 |
Fibonacci | 46.222 | 46.493 | 46.660 | 46.932 | 47.203 | 47.370 | 47.642 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 45.618 | 45.962 | 46.523 | 46.867 | 47.428 | 47.772 | 48.333 |
Camarilla | 46.836 | 46.919 | 47.002 | 47.085 | 47.168 | 47.251 | 47.334 |
Woodie | 45.728 | 46.016 | 46.633 | 46.921 | 47.538 | 47.826 | 48.443 |
Fibonacci | 45.962 | 46.307 | 46.521 | 46.867 | 47.212 | 47.426 | 47.772 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 40.903 | 41.942 | 43.553 | 44.592 | 46.203 | 47.242 | 48.853 |
Camarilla | 44.436 | 44.679 | 44.922 | 45.165 | 45.408 | 45.651 | 45.894 |
Woodie | 41.190 | 42.085 | 43.840 | 44.735 | 46.490 | 47.385 | 49.140 |
Fibonacci | 41.942 | 42.954 | 43.579 | 44.592 | 45.604 | 46.229 | 47.242 |
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): | 69.00 | |
MACD (12,26,9): | 0.7450 | |
Directional Movement: | 21.472 | |
AROON (14): | 35.714 | |
DEMA (21): | 46.919 | |
Parabolic SAR (0,02-0,02-0,2): | 47.534 | |
Elder Ray (13): | 0.783 | |
Super Trend (3,10): | 45.388 | |
Zig ZAG (10): | 47.320 | |
VORTEX (21): | 1.1720 | |
Stochastique (14,3,5): | 79.37 | |
TEMA (21): | 47.359 | |
Williams %R (14): | -9.73 | |
Chande Momentum Oscillator (20): | 2.120 | |
Repulse (5,40,3): | 1.4800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2050 | |
Courbe Coppock: | 10.77 |
MA7: | 46.906 | |
MA20: | 45.728 | |
MA50: | 44.740 | |
MA100: | 44.697 | |
MAexp7: | 46.832 | |
MAexp20: | 46.003 | |
MAexp50: | 45.205 | |
MAexp100: | 45.121 | |
Price / MA7: | +0.88% | |
Price / MA20: | +3.48% | |
Price / MA50: | +5.77% | |
Price / MA100: | +5.87% | |
Price / MAexp7: | +1.04% | |
Price / MAexp20: | +2.86% | |
Price / MAexp50: | +4.68% | |
Price / MAexp100: | +4.87% |
Quotes :
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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
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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