ULVR.L closes lower for the 2nd day in a row


Unilever (ULVR.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

ULVR.L crashes, loses £116.50 (-2.81%) within a single day
ULVR.L breaks key support level
ULVR.L breaks below 200-day moving average
ULVR.L finds buyers at key support level
ULVR.L fails to close above 20-day moving average

Overview

Moving lower for the 2nd day in a row, ULVR.L finished Thursday at 4033.50 tanking £116.50 (-2.81%) on high volume. This is the biggest single day loss in over four months. Today's closing price of 4033.50 marks the lowest close since May 4th. Closing below Wednesday's low at 4136.00, the market confirms its breakout through the previous session's low having traded £174.00 below it intraday.

Daily Candlestick Chart (ULVR.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Unilever (ULVR.L) as at Jun 14, 2018

Thursday's trading range was £204.50 (4.96%), that's far above last trading month's daily average range of £56.62. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.

After trading as low as 3962.00 during the day, the stock bounced off the key support level at 3988.50. The failure to close below the support could increase that levels importance as support going forward. Breaking below the key support level at 4100.00 today, it is now likely to act as resistance going forward. After having been unable to move above 4167.50 in the prior session, Unilever ran into sellers again around the same price level today, failing to move higher than 4166.50. After spiking up to 4166.50 during the day, the share found resistance at the 20-day moving average at 4147.27.

ULVR.L shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish. The market broke below the 200-day moving average at 4100.54 today for the first time since June 6th.

Further selling might move prices lower should the market test May's nearby low at 3943.00.


Market Conditions for ULVR.L as at Jun 14, 2018

Loading Market Conditions for ULVR.L (Unilever)...
Latest Report:

ULVR.L pushes through Thursday's high

Oct 19, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Unilever traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!