UNILEVER - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 53.939 EUR
My targets
55.100 EUR (+1.32%)
57.560 EUR (+5.85%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 53.939 EUR remains possible. It is advisable to trade UNILEVER with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 53.939 EUR. The next bullish objective for buyers is set at 55.100 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 57.560 EUR. PS: if there is a bearish break in the support located at 53.939 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish 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
1.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNILEVER rating 54.380 EUR. The price registered an increase of +1.08% on the session and was traded between 53.800 EUR and 54.460 EUR over the period. The price is currently at +1.08% from its lowest and -0.15% from its highest.53.800
54.460
54.380
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNILEVER:
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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 50.000 | 52.250 | 53.939 | 54.380 | 55.100 | 57.560 |
| Change (%) | -8.05% | -3.92% | -0.81% | - | +1.32% | +5.85% |
| Change | -4.380 | -2.130 | -0.441 | - | +0.720 | +3.180 |
| Level | Major | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.567 | 53.173 | 53.487 | 54.093 | 54.407 | 55.013 | 55.327 |
| Camarilla | 53.547 | 53.631 | 53.716 | 53.800 | 53.884 | 53.969 | 54.053 |
| Woodie | 52.420 | 53.100 | 53.340 | 54.020 | 54.260 | 54.940 | 55.180 |
| Fibonacci | 53.173 | 53.525 | 53.742 | 54.093 | 54.445 | 54.662 | 55.013 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.383 | 53.067 | 53.433 | 54.117 | 54.483 | 55.167 | 55.533 |
| Camarilla | 53.511 | 53.608 | 53.704 | 53.800 | 53.896 | 53.993 | 54.089 |
| Woodie | 52.225 | 52.988 | 53.275 | 54.038 | 54.325 | 55.088 | 55.375 |
| Fibonacci | 53.067 | 53.468 | 53.716 | 54.117 | 54.518 | 54.766 | 55.167 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.972 | 47.334 | 51.887 | 54.248 | 58.802 | 61.163 | 65.716 |
| Camarilla | 54.539 | 55.172 | 55.806 | 56.440 | 57.074 | 57.708 | 58.342 |
| Woodie | 46.068 | 47.882 | 52.983 | 54.796 | 59.897 | 61.711 | 66.812 |
| Fibonacci | 47.334 | 49.975 | 51.607 | 54.248 | 56.890 | 58.522 | 61.163 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.72 | |
| MACD (12,26,9): | 0.0440 | |
| Directional Movement: | -0.413 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 54.940 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.239 | |
| Elder Ray (13): | -0.563 | |
| Super Trend (3,10): | 56.654 | |
| Zig ZAG (10): | 54.350 | |
| VORTEX (21): | 0.9670 | |
| Stochastique (14,3,5): | 11.28 | |
| TEMA (21): | 54.571 | |
| Williams %R (14): | -85.32 | |
| Chande Momentum Oscillator (20): | -2.550 | |
| Repulse (5,40,3): | -0.2250 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1060 | |
| Courbe Coppock: | 6.92 |
| MA7: | 54.337 | |
| MA20: | 55.405 | |
| MA50: | 53.767 | |
| MA100: | 53.703 | |
| MAexp7: | 54.448 | |
| MAexp20: | 54.708 | |
| MAexp50: | 54.182 | |
| MAexp100: | 53.218 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -1.85% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +1.26% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +2.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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