The Unilever Group (UN) Hits A Home Run: Let’s Look Forward

The stock of The Unilever Group (NYSE:UN) has been Upgraded to Buy from Neutral by Goldman in its latest research note that was published on September 03. Credit Suisse analysts bumped their recommendation on UN stock from Neutral to Outperform in a separate flash note to investors on May 03. Analysts at Exane BNP Paribas downgraded the stock to a Neutral call from its previous Outperform stance, in a research note that dated back to February 27.

The Unilever Group, which has current market capitalization of above $166 Billion, published its last quarter earnings on June 30, 2019.

UN surged by $0.38 during the normal trading session on Thursday and reaching a high of $60.88 during the day while it closed the day at $60.75. The The stock had a low trading volume of 0.93 million shares on that day, which is low compared to the average daily volume of 1.07M shares. UN has also lost 3.09% of its value over the past 7 days. However, the stock has declined by 1.11% in the 3 months of the year. Over the past six months meanwhile, it has gained 8.10% while it has added 12.92% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -4.51% from its 3 months high price. However, taking another look at UN will indicate that it is trading +7.94% away from its 90-day low. Looking at the bigger picture, the The Unilever Group stock has dropped by -4.51% from its 52-week high while it has surged by +16.65% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 60.9%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 48.47%. Over the past 20 days, The’s Stochastic %K stood at 48.76% while its Stochastic %D was revealed to be 57.19%.