Unilever Technical Analysis (NYSE:UL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The UL stock chart pattern can give those who understand technical analysis an indication of which way UL stock is headed, but cannot predict with 100% certainty as to what can happen to the Unilever stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Unilever. Technical analysis uses an approach for Unilever stock analysis that does not care for the fair value of a company but uses price and volume data only.
Unilever Moving Average
Moving averages help predict the price direction of UL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Unilever are mostly signals of long term trends and will help long term traders.
Unilever Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Unilever. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Unilever bollinger bands.
Unilever Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Unilever MACD indicator is below 0 indicating a bearish trend.
Unilever Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of UL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.