Technical Analysis: UL's stock shows bearish momentum with RSI-14 at 36.86, indicating a potential oversold condition. The MACD line (0.02) is slightly above the signal line (0.18), but the negative histogram (-0.17) suggests weakening momentum.
Price Levels and Support/Resistance:
News Impact:
Price Prediction for Next Week: Based on technical indicators and recent news:
Trading Recommendation: SELL
Rationale:
The price of UL is predicted to go up 1.92%, based on the high correlation periods with HXL. The similarity of these two price pattern on the periods is 93.74%.
UL
HXL
Year
UL Price Forecast($)
Potential Return(%)
2025
60.000
6.180
2026
65.000
13.280
2027
65.000
13.280
2028
75.000
30.710
2029
75.000
30.710
2030
75.000
30.710
Unilever has always been focused on the need to reduce costs to meet the challenges of an increasingly competitive environment.
With about 60% of reported sales derived from emerging markets, Unilever has one of the largest footprints in the developing world of all the global consumer staples manufacturers, which should be a long-term volume driver for the business.
Unilever possesses one of the highest numbers of category captaincies among global consumer staples companies, cementing its place in customer supply chains.
Erste Group
2024-11-19
Price Target
n/a
Downside
0%