Unilever PLC - Daily

The share price is currently stable with a firm support base. Consumer demand may rise as material costs soften.

Unilever shares are currently trading at £39.31. From a technical overview the support is firm, with a support-based level at £38.47 (bottom blue trendline). A dip below the blue trendline could see the stock slide towards the next support level at £37.77, correspondent to the green trendline. Towards the upside, £40.62 is the first resistance. Followed by this sits the next resistance level at £41.78 (upper blue trendline). A break above the £41.78 resistance may result in more recovery gains for Unilever. Especially as raw materials costs soften further, potentially creating a difference in consumer demand.  MACD has turned negative, but RSI is neutral as it reads 46.