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Home / Support and Resistance / Unilever PLC (ULVR.L) 13-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Unilever PLC (ULVR.L) 13-01-20

Will Unilever PLC (ULVR.L) shares break below the 4275p support zone, or will it return to highs of 5324p (+23%)?

 

  • Currently trading around the 4275p support at 4317p (at time of writing).
  • The support has proven robust to date. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price bounce once again to recent highs of 5324p? (+23%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -18% from 12-month highs; +9% from 12 month lows.

Latest News

09 Jan:  Goldman Sachs reiterates its buy rating on Unilever (ULVR) and reduced the target price to 4900p (from 5000p).

18 Dec:  Goldman Sachs reiterates its buy rating on Unilever (ULVR) and reduced the target price to 5000p (from 5400p).

18 Dec:  Barclays Capital reiterates its underweight rating on Unilever (ULVR) and reduced the target price to 4080p (from 4340p).

17 Dec: Unilever, the consumer goods group, warned that it now anticipated its underlying sales growth for the year to be marginally below the bottom end of previous guidance.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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