Unilever Plc (UL): Price Now Near $57.24; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for UL

At the time of this writing, UL (Get Ratings)’s price is up $0.25 (0.44%) from the hour prior. This is the 2nd hour in a row UL has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

UL’s Technical Outlook on the Daily Chart

At the moment, UL’s price is down $-0.47 (-0.81%) from the day prior. This is the 2nd day in a row UL has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Unilever Plc’s price action over the past 90 days can be seen via the chart below.

UL

For UL News Traders

News traders keeping an eye on UL may find value in this recent story:

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