Can Unilever Plc find the sweet spot?

Unilever Plc (LSE:ULVR) The name behind an impressive number of brands appears to have a sweet tooth. Their Food & Drink division in the UK is biased toward ice creams, making us wonder if the stress of Covid-19 increased comfort eating to levels which will reflect on their accounts. Eight household name ice cream brands tempt, amongst a rather more mundane shopping trolley of famous names such as Knorr, Bovril, Pot Noodle and inevitably, the dreadful product, Marmite.

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The company share price has achieved something quite rare amongst FTSE 100 components, breaking above its pre-Covid level of 47 quid, flourishing for a few months, and now sinking once again below this price level. It’s quite surprising behaviour but when we zoom out, it’s broadly in line with the share prices level of hesitation since 2017. Essentially, the share price has been pivoting above and below the 4,500p level with many in the market doubtless convincing themselves Unilever has a “floor” around 4,000p. We’re not certain this is graven in rock anywhere, perhaps in ice cream. As a result, future closure below 4,000p is liable to see the share price melt.

Reversal such as this risks triggering weakness to an initial 3,608p. Visually, given the level achieved during “The Covid Bottom” of March 2020, there’s a strong argument favouring a bounce if such a target appears but we shall worry, should the price find an excuse to break the 3,600 level. In such a scenario, we can calculate a further secondary drop target of 3,068p. The visuals alone tend suggest a very real risk of the share moving down to a new trading range, potentially between the £30 level and the previous £40 level.

 

As always, we can offer an alternate scenario. Should the share price find sufficient strength to exceed 4,130p, recovery to an initial 4,323 works out as possible with secondary, if exceeded, a more useful 4,939p and some hesitation.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:24:48PM BRENT 62.81
9:27:08PM GOLD 1743.98 1727 1722 1714 1738 1746 1751 1753 1730 ‘cess
9:29:20PM FTSE 6827.37 Success
9:32:50PM FRANCE 6125
9:34:23PM GERMANY 15192 ‘cess
9:36:01PM US500 4072.87 ‘cess
9:39:36PM DOW 33426.2 ‘cess
9:41:30PM NASDAQ 13584 13528 13482 13423 13632 13661 13683 13734 13576 ‘cess
9:43:36PM JAPAN 29631
6/04/2021 FTSE Closed at 6823 points. Change of 1.28%. Total value traded through LSE was: £ 6,227,431,623 a change of 25.77%
1/04/2021 FTSE Closed at 6737 points. Change of 0.36%. Total value traded through LSE was: £ 4,951,625,470 a change of -27.29%
31/03/2021 FTSE Closed at 6713 points. Change of -0.87%. Total value traded through LSE was: £ 6,810,341,283 a change of 35.19%
30/03/2021 FTSE Closed at 6772 points. Change of 0.53%. Total value traded through LSE was: £ 5,037,784,451 a change of -0.62%
29/03/2021 FTSE Closed at 6736 points. Change of -0.06%. Total value traded through LSE was: £ 5,069,344,780 a change of -13.54%
26/03/2021 FTSE Closed at 6740 points. Change of -100%. Total value traded through LSE was: £ 5,863,243,404 a change of 0%
25/03/2021 FTSE Closed at 6674 points. Change of 0%. Total value traded through LSE was: £ 6,181,901,218 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AV. Aviva** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:SPX Spirax** **

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Updated charts published on : Aviva, Centrica, Experian, Firstgroup, Foxtons, Glencore Xstra, IG Group, Spirax,

LSE:AV.LSE:AV. Aviva. Close Mid-Price: 415.7 Percentage Change: + 1.61% Day High: 418.9 Day Low: 412.8

Target met. All Aviva needs are mid-price trades ABOVE 418.9 to improve a ……..

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LSE:CNA Centrica Close Mid-Price: 55.72 Percentage Change: -0.50% Day High: 57.46 Day Low: 55.18

Target met. Continued trades against CNA with a mid-price ABOVE 57.46 sho ……..

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LSE:EXPN Experian Close Mid-Price: 2533 Percentage Change: -0.51% Day High: 2613 Day Low: 2512

Further movement against Experian ABOVE 2613 should improve acceleration ……..

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LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 94.9 Percentage Change: + 4.17% Day High: 96.3 Day Low: 92.6

Target met. In the event of Firstgroup enjoying further trades beyond 96. ……..

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LSE:FOXTLSE:FOXT Foxtons. Close Mid-Price: 64.5 Percentage Change: + 1.26% Day High: 66.9 Day Low: 64.3

All Foxtons needs are mid-price trades ABOVE 66.9 to improve acceleration ……..

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LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 291.65 Percentage Change: + 2.10% Day High: 296.3 Day Low: 291.1

Continued trades against GLEN with a mid-price ABOVE 296.3 should improve ……..

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LSE:IGGLSE:IGG IG Group. Close Mid-Price: 923 Percentage Change: + 1.48% Day High: 931.5 Day Low: 909.5

Continued trades against IGG with a mid-price ABOVE 931.5 should improve ……..

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LSE:SPXLSE:SPX Spirax. Close Mid-Price: 11740 Percentage Change: + 1.29% Day High: 11795 Day Low: 11580

Further movement against Spirax ABOVE 11795 should improve acceleration t ……..

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*** End of “Updated Today” comments on shares.

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