UNILEVER - Daily - Technical analysis published on 05/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 48.306 EUR
My targets
50.510 EUR (+2.49%)
51.781 EUR (+5.06%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on UNILEVER. As long as you are above the support located at 48.306 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 50.510 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 51.781 EUR as an objective. If the support 48.306 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNILEVER rating 49.285 EUR. The price is lower by -0.05% since the last closing and was traded between 49.210 EUR and 49.505 EUR over the period. The price is currently at +0.15% from its lowest and -0.44% from its highest.49.210
49.505
49.285
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
A technical analysis in Daily of this UNILEVER chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 44.159 | 45.485 | 48.306 | 49.285 | 49.378 | 50.510 | 51.781 |
| Change (%) | -10.40% | -7.71% | -1.99% | - | +0.19% | +2.49% | +5.06% |
| Change | -5.126 | -3.800 | -0.979 | - | +0.093 | +1.225 | +2.496 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | 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 | 48.474 | 48.798 | 49.054 | 49.378 | 49.634 | 49.958 | 50.214 |
| Camarilla | 49.151 | 49.204 | 49.257 | 49.310 | 49.363 | 49.416 | 49.470 |
| Woodie | 48.440 | 48.781 | 49.020 | 49.361 | 49.600 | 49.941 | 50.180 |
| Fibonacci | 48.798 | 49.020 | 49.156 | 49.378 | 49.600 | 49.736 | 49.958 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.221 | 47.944 | 48.733 | 49.456 | 50.245 | 50.968 | 51.757 |
| Camarilla | 49.107 | 49.246 | 49.384 | 49.523 | 49.662 | 49.800 | 49.939 |
| Woodie | 47.255 | 47.961 | 48.767 | 49.473 | 50.279 | 50.985 | 51.791 |
| Fibonacci | 47.944 | 48.521 | 48.878 | 49.456 | 50.033 | 50.390 | 50.968 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.507 | 45.788 | 47.933 | 49.214 | 51.359 | 52.640 | 54.785 |
| Camarilla | 49.136 | 49.450 | 49.764 | 50.078 | 50.392 | 50.706 | 51.020 |
| Woodie | 44.939 | 46.004 | 48.365 | 49.430 | 51.791 | 52.856 | 55.217 |
| Fibonacci | 45.788 | 47.097 | 47.905 | 49.214 | 50.523 | 51.331 | 52.640 |
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): | 53.47 | |
| MACD (12,26,9): | 0.3430 | |
| Directional Movement: | 4.910 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 49.848 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.143 | |
| Elder Ray (13): | -0.046 | |
| Super Trend (3,10): | 48.390 | |
| Zig ZAG (10): | 49.310 | |
| VORTEX (21): | 0.9840 | |
| Stochastique (14,3,5): | 41.37 | |
| TEMA (21): | 49.685 | |
| Williams %R (14): | -64.77 | |
| Chande Momentum Oscillator (20): | -0.768 | |
| Repulse (5,40,3): | -0.4550 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1510 | |
| Courbe Coppock: | 0.79 |
| MA7: | 49.426 | |
| MA20: | 49.513 | |
| MA50: | 48.062 | |
| MA100: | 47.229 | |
| MAexp7: | 49.465 | |
| MAexp20: | 49.304 | |
| MAexp50: | 48.458 | |
| MAexp100: | 47.533 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +4.35% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +3.69% |
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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