Unilever Technical Analysis (NYSE:UN)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A UN stock chart pattern can give those who understand technical analysis an indication of which way UN stock is headed, but cannot predict with 100% certainty as to what can happen to the Unilever stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Unilever. The technical analysis form of Unilever stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Unilever Moving Average:
Moving averages help predict the price direction of UN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $59.84 is below the price of $59.9.
Unilever Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Unilever stock price relative to previous trades. The stock price is trading between the average and the lower band in the context of Unilever bollinger bands.
Unilever Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Unilever MACD indicator is above 0 indicating a bullish trend.
Unilever Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of UN stock is 59.91. .