Unilever Plc (UL): Price Now Near $60.41; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for UL

At the moment, UL (Get Ratings)’s price is down $-0.2 (-0.33%) from the hour prior. The hourly chart shows that UL has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 200 hour moving averages, resulting in them so that price is now turning below them. 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 ranks 40th in terms of today’s price percentage change out of Consumer Goods stocks.

UL’s Technical Outlook on the Daily Chart

Currently, UL’s price is down $-0.2 (-0.33%) 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. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning 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. The chart below shows UL’s price action over the past 90 days.

UL

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