Unilever Plc (UL): Price Now Near $58.72; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for UL

At the time of this writing, UL (Get Ratings)’s price is down $-0.05 (-0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly 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.

Out of Consumer Goods stocks, UL ranks 21st in regards to today’s price percentage change.

UL’s Technical Outlook on the Daily Chart

At the time of this writing, UL’s price is up $0.22 (0.38%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. 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. The chart below shows UL’s price action over the past 90 days.

UL

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UL: Daily RSI Analysis

  • UL’s RSI now stands at 17.8862.
  • UL and RSI both have consistent trends, as they are both heading down.

For UL News Traders

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

Hand in Hand Appoints Former Unilever Executive and Beauty & Personal Care Expert Piyush Jain as CEO

PHILADELPHIA, June 30, 2021 /PRNewswire/ —

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