Unilever Plc (UL): Price Now Near $56.3; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for UL

At the time of this writing, UL (Get Ratings)’s price is up $0.11 (0.2%) from the hour prior. The hourly chart shows that UL has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

UL’s Technical Outlook on the Daily Chart

Currently, UL’s price is up $0.1 (0.18%) from the day prior. UL has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Of note is that the 200 day changed directions on UL; it is now pointing up. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Unilever Plc’s price action over the past 90 days can be seen via the chart below.

UL

For UL News Traders

Investors and traders in UL may be particularly interested in the following story that came out in the past day:

7 out of top 10 cos lose over Rs 1 lakh cr in m-cap

NEW DELHI: Seven of the 10 most valued domestic companies witnessed a combined erosion of Rs 1,07,566.64 crore from their market valuation last week, with Reliance Industries accounting for around half of the losses.Last week, the 30-share BSE benchmark Sensex declined 849.74 points or 1.70 per cent.Only Tata Consultancy Services (TCS), Hindustan Unilever Limited and HDFC from the top-10 list saw a rise in their market capitalisation.The valuation of index major Reliance Industries Limited (RIL) tumbled Rs 55,565.21 crore to reach Rs 12,64,243.20 crore.The market capitalisation of Bajaj Finance plunged Rs 16,197.55 crore to Rs 3,12,327.04 crore and that of State Bank of India (SBI) went lower by Rs 12,494.45 crore to Rs 3,18,697.88 crore.Kotak Mahindra Bank’s valuation dipped Rs 11,681.66 crore to Rs 3,51,272.18 crore and that of ICICI Bank declined Rs 5,467.63 crore to Rs 4,00,093.61 crore.The market capitalisation of Infosys tumbled Rs 3,751.92 crore to Rs 5,69,352.11 crore.HDFC Bank’s valuation eroded by Rs 2,408.

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