Unilever: a positive close, but our model stays cautious
Unilever gains 1.6% but the buy signal stays weak at the 200-day average test
Unilever: a positive close, but our model stays cautious
Our view last week
Unilever's rally has stalled again at its 200-day moving average, in the 4684 area: the third rejection there in just a few months, the latest coming this very confirmation week. The stock closes down 0.5%, with volume contracting and distribution building. Below, the first support is holding in the 4582 area. The setup quality indicator drops to 44 out of 100, and our model still reads the picture as technically weak.
This week's summary
Unilever's stock gains 1.6% this week, but the rebound stalls again right at the daily pivot average, in the 4678 area, close to the 200-day moving average that has already rejected it in recent weeks. The buy signal is in its third week and our model still reads the picture as technically weak — signal strength at 44 out of 100 — and suggests trimming part of the position despite the bullish close.
IQS Phase
50
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#37 / 61
EU-UK stocks in progress
Trade P&L %
+1.58%
from signal to today
restricted Platinum content