Unilever stock: buy or sell
Jan 25th, 2021
Unilever stock brief
- Unilever stock merely changed -0.43% to close at $59.66 on the stock market last Friday.
- Unilever is presenting its earnings report on Thursday
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This rally marked a 5.78% gain
- Unilever PLC, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide.
Should I buy Unilever stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $UL stock a buy?
In the current situation of Unilever there is just one buy setup eligible:
Uptrend buy setup
Unilever stock continues to trend higher since last October and marked an amazing 5.78% gain. Price marked a local bottom in this uptrend at $57.12 in mid-December, and since then it bounced off a 4.45%. Now, it's only 6.35% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $63.45. If you decide to enter this trade, the suggested stop loss is at $57.11
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$63.45||$57.11||10.00%|
Should I sell Unilever stock?
When is it time to sell Unilever?. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must use our own trading strategy. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for selling short Unilever stock
As a rule of thumb, you should not keep an operation that results in greater losses than those expected upon purchase. The timing to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Unilever stock?
Currently, Unilever stock doesn't match any of our preferred sell setups, so if you own Unilever stock and your operation is in profit probably is not time to sell now
We don't have any rating published in the last 30 days for Unilever
Unilever stock analysis
Since last October, Unilever has been printing an uptrend that so far marked a gorgeous 5.78%. Rising highs and lows can be seen easily on a chart and how price offered very few buy points on the breakouts. Latest pullback was in mid-December, when price bounced at $57.12. Like in all uptrends, price needs to rest and currently price is moving in a range between $63.45 and $57.12
Supports and resistances
The current resistances are:
The current supports are:
The distance between the upper and lower bands is 4.51%, thus meaning that volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
When the fluctuates for so long below 70 and above 30, without any indication of overbought and oversold, the indicator becomes of little use, and we are currently in such a case.
Unilever stock price history
Unilever started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, UL stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Mar 1980 would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Unilever stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price target released by analysts for the last 30 days. Again, these estimates are not direct recommendations for individual investors and must not be trusted blindly.
We don't have any target price published in the previous 30 days for Unilever.
Earnings and financials
Unilever ($UL) will host the earnings call on Thursday.
If you are a shareholder of Unilever stock, don't forget to double check your stop-loss, as earnings release date often has higher than usual volatility. Unilever's website probably has additional details.
Unilever ($UL) hosted the quarterly shareholders event and presented the report last October.
Disclaimer:The comments contained in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives only
|Friday, January 22nd, 2021|
|Day range||$59.54 - $60.02|
|Average true range||$0.87|
|50d mov avg||$59.65|
|100d mov avg||$60.18|
|200d mov avg||$57.37|
|Earnings date||January 28th, 2021|