Unilever stock: buy or sell
Jan 25th, 2021
Unilever stock brief
- Unilever stock inched down -1.03% to close at $60.50 on the stock market last November.
- The stock is configuring an uptrend pattern since last October, when it bottomed at $56.12. Up to date, shares marked a 7.80% profit since the beginning of this rally
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 $UN stock a buy?
Currently, Unilever stock matches 2 trading strategies:
Uptrend buy setup
Unilever stock continues to trend higher since last October and marked a gorgeous 7.80% gain. Price marked a pull back in this uptrend at $57.43 last November, and since then it bounced off a 5.35%. Breaking out above $63.10 - it's last top - will be a good entry point if Unilever resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $56.79
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$63.10||$56.79||10.00%|
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it rises rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 4.30% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $63.10. Place your stop-loss at $56.79
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$63.10||$56.79||10.00%|
Should I sell Unilever stock?
"To sell or not to sell", if you are holding Unilever shares?. Like when we have to buy shares, choosing when is appropiate time to sell is not a random decision, and we must use our own trading strategy. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares you already own, not for selling short $UN stock
A guiding principle is that you should never hold an investment that shows a losses greater than those expected by the time of the buy. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Unilever stock?
In the current situation of Unilever there is not any eligible sell setup, so Unilever stock holders with operations in profit can keep their positions
In the previous month we couldn't find any rating for Unilever
Unilever stock analysis
Since last October, Unilever has been printing an uptrend that so far marked an amazing 7.80%. Rising peaks and troughs can be seen easily on a chart and how price provided very few buy points on the breakouts. Latest low was last November, when price bounced at $57.43. Now, the price trades in a consolidation between its last top ($63.10) and its last bottom ($57.43)
Supports and resistances
The current resistances are:
The current supports are:
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we are currently in such a case.
Unilever stock price history
Unilever went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, UN stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Unilever stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by financial institutions for the last 30 days. Again, these predictions are not direct recommendations for individual traders and must not be trusted blindly.
We don't have any target price posted in the last 30 days for Unilever.
Earnings and financials
Earnings event was hosted by Unilever ($UN) last October after releasing the earnings report.
Unilever ($UN) will host the earnings call.
Financial reporting day has an additional risk for traders as the information disclosed can jump up or down the shares price with lower volume and not respecting your buy or stop-loss orders.
Please read:The comments expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education purposes only
|Friday, November 27th, 2020|
|Day range||$60.07 - $61.28|
|Average true range||$1.60|
|50d mov avg||$59.99|
|100d mov avg||$58.68|
|200d mov avg||$54.42|
|Earnings date||December 31st, 1969|