Unilever is a multinational consumer goods corporation. Unilever products include food, condiments, ice cream, coffee, cleaning agents, pet food, beauty products, personal care and more. Founded 1919 by the merger of the Dutch margarine producer Margarine Unie and the British soapmaker Lever Brothers, it is headquartered in London, UK. Unilever is a part of FTSE 100, AEX and Eurostoxx 50 indices. Investors can trade it under the tickers $ULVR at LSE, $UNA at Euronext Amsterdam and under $UL at NYSE. Corporation Unilever owns over 400 brands. Among them, the trademarks like Dove, Omo/Persil, Knorr, Lipton, Magnum, Rexona/Degree and others. The company products are present in 190 countries.
The stock price of Unilever is in a permanent rally from the all-time lows. From march 2020 bottom, one can see a new cycle higher. This might be the final push higher within the larger cycle. Once ended, Unilever should pull back against the all-time lows which will provide again an opportunity to join the success story of Unilever stock price action.
Unilever Monthly Elliott Wave Analysis 10.11.2021
The monthly chart below shows the Unilever shares $UNA traded at Euronext Amsterdam. From the all-time lows, the stock price is within the larger impulse as wave ((I)). Hereby, Unilever has finished the waves (I)-(III) by printing the all-time high on September 2019 at 57.77. Within the impulsive advance in wave (III), the internals I and III are impulsive waves, too. From the September 2019 highs, a correction lower in wave (IV) has ended on March 2020 at 38.42. From the lows, a new cycle in wave (V) might be in progress and should break to the new all-time highs. The target for wave (V) to end will be 1.236-1.618 multiples of the length of the wave (IV) which is 62.33-69.72 area.
Unilever Daily Elliott Wave Analysis 10.04.2021
The Daily chart below shows the $UNA shares price action in more detail. In particular, it demonstrates the development of the first nest. From the March 2020 low, a cycle in wave I has unfolded as an impulse. It has ended in November 2020 at 53.66 high. From there, a correction lower in wave II may show a double correction. While below 51.05, it can reach towards 40.37-38.42 area. There, a new cycle in wave III of blue wave (V) should extend towards 53.66 and even higher.
As an outlook, while above 45.64, the new cycle in blue wave (V) should bring the prices towards 62.33-69.72 area and even higher. In a larger time scale, after wave (V) of ((I)) will end, expect a larger pullback to happen. This again should provide an opportunity later on.
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