UNILEVER - Daily - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 46.670 EUR
My targets
49.456 EUR (+3.43%)
51.781 EUR (+8.29%)
My analysis
The bullish trend is currently very strong on UNILEVER. As long as the price remains above the support at 46.670 EUR, you could try to benefit from the boom. The first bullish objective is located at 49.456 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 51.781 EUR as an objective. 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.
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
7.9
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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 47.815 EUR. On the day, this instrument gained +1.34% and was traded between 46.985 EUR and 47.870 EUR over the period. The price is currently at +1.77% from its lowest and -0.11% from its highest.46.985
47.870
47.815
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this UNILEVER chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.160 | 46.670 | 47.549 | 47.815 | 48.291 | 49.456 | 51.781 |
| Change (%) | -3.46% | -2.39% | -0.56% | - | +1.00% | +3.43% | +8.29% |
| Change | -1.655 | -1.145 | -0.266 | - | +0.476 | +1.641 | +3.966 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.363 | 46.672 | 46.928 | 47.237 | 47.493 | 47.802 | 48.058 |
| Camarilla | 47.030 | 47.081 | 47.133 | 47.185 | 47.237 | 47.289 | 47.340 |
| Woodie | 46.338 | 46.659 | 46.903 | 47.224 | 47.468 | 47.789 | 48.033 |
| Fibonacci | 46.672 | 46.888 | 47.021 | 47.237 | 47.453 | 47.586 | 47.802 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.897 | 44.728 | 45.437 | 46.268 | 46.977 | 47.808 | 48.517 |
| Camarilla | 45.722 | 45.863 | 46.004 | 46.145 | 46.286 | 46.427 | 46.569 |
| Woodie | 43.835 | 44.698 | 45.375 | 46.238 | 46.915 | 47.778 | 48.455 |
| Fibonacci | 44.728 | 45.317 | 45.680 | 46.268 | 46.857 | 47.220 | 47.808 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.514 | 43.914 | 45.557 | 46.957 | 48.600 | 50.000 | 51.643 |
| Camarilla | 46.363 | 46.642 | 46.921 | 47.200 | 47.479 | 47.758 | 48.037 |
| Woodie | 42.636 | 43.975 | 45.679 | 47.018 | 48.722 | 50.061 | 51.765 |
| Fibonacci | 43.914 | 45.076 | 45.795 | 46.957 | 48.119 | 48.838 | 50.000 |
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): | 60.49 | |
| MACD (12,26,9): | 0.1160 | |
| Directional Movement: | 10.579 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 46.909 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.953 | |
| Elder Ray (13): | 0.541 | |
| Super Trend (3,10): | 47.836 | |
| Zig ZAG (10): | 47.820 | |
| VORTEX (21): | 0.9210 | |
| Stochastique (14,3,5): | 88.33 | |
| TEMA (21): | 47.036 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 1.560 | |
| Repulse (5,40,3): | 2.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.94 |
| MA7: | 46.977 | |
| MA20: | 46.682 | |
| MA50: | 46.629 | |
| MA100: | 46.792 | |
| MAexp7: | 47.109 | |
| MAexp20: | 46.815 | |
| MAexp50: | 46.735 | |
| MAexp100: | 46.398 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +2.43% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +2.19% | |
| Price / MAexp7: | +1.50% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +3.05% |
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
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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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