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- 1 Unilever price increased by 1.93% over the past seven days.
- 2 Unilever Plc (NYSE: ULVR) stock’s 52-week price range is £37 – £44.
The earnings of Unilever Stock have been shrinking by an average of -3.9% per year, while the Personal Products industry saw its earnings decline by 0.6% annually. According to Simplywall, a website that provides financial analysis, the revenues of Unilever Stock have been increasing at an average rate of 1.7% per year. Unilever Stock has a return on equity of 38.1% and net margins of 12.7%.
Unilever Stock’s shareholder equity is £18.7 Billion and its debt is £24.2 Billion, which gives it a debt-to-equity ratio of 129.4%. Its assets and liabilities are £67 Billion and £48.4 Billion respectively. According to Simplywall, a website that provides financial analysis, Unilever Stock’s EBIT is £8.3 Billion, which means its interest coverage ratio is 21. It has £4.8 Billion in cash and short-term investments.
The market capitalization of ULVR stock is £102.346 Billion and the total revenue is £51.255 Billion. Moreover, the ULVR stock’s basic EPS is £2.5 and the price-to-earnings ratio is 16.0. Moreover, the average volume is 2.633 Million and the current volume is 114.082 K, which is below average volume in Unilever Plc ( NYSE: ULVR) stock.
Technical Analysis of Unilever Price in 1-D Time Frame
The price action shows that Unilever Plc ( NYSE: ULVR) stock price dropped from a high of $44.835 by forming lower lows and lower highs and reached the $40.080 support level.
However, the support level failed and the price fell to the next support level at $39.380 and bounced back. At the time of writing, the ULVR Stock Price is trading at $40.690, and on the one-day chart, it seems to be forming a bullish pattern known as an inverted head and shoulder.
Moreover, it appears that the ULVR price is expected to break out from $41.630, which is the neckline of the pattern. If the ULVR Price holds above the current level, then it could rise to the first and second targets at $41.395 and $42.260 respectively.
On the other hand, if the ULVR Price faces rejection from the current level and falls, then it could reach the nearest support levels at $40.080 and $39.380 respectively.
At the time of publishing, Unilever Plc. ( NYSE: ULVR) is trading above the 20 EMA (exponential moving average), which is supporting the Unilever price trend.
However, Unilever price is trading below the 50, 100, and 200 EMA’s, which indicates a downward trend. To reverse the trend and increase the price, the stock needs to attract more buyers on the daily chart.
The current value of RSI is 52.93 points. The 14 SMA is below the median line at 43.91 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 0.0762 and signal line at 0.1885 are below the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the ULVR share price.
Summary
Unilever Plc. (NYSE: ULVR) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the ULVR stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in ULVR share price.
Technical Levels
- Support levels: The nearest support levels are £40.080 and £39.380.
- Resistance levels: The nearest resistance levels are £41.395 and £42.260.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets or stocks comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
