Unilever $UL Downtrend Channel Breakout After Unusual Dark Pool Trade

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Unilever $UL stock has done a downtrend channel breakout after an unusually large dark pool trade on October 17, 2022.

Dark Pool Trade In Unilever $UL Stock

An unusually large dark pool trade occurred in Unilever $UL stock on October 17, 2022. The dark pool trade appears to be a buy order because of $UL stock rose following the trade being made public.

Unilever stock chart on October 30, 2022, with a dark pool trade shown in orange bar with a table to the right with the text TIME SYMBOL MESSAGE PRICE 10/17/22 UL 122,123 DARK BLOCK $5.3M 3.99% AvgVol $44.19 10/17/22 UL Unusual Dark Pool Activity $44.19

Make sure to review this lesson on dark pool trading so that you understand the chart above.

Unilever CEO: Seeing zero trade-down by consumers

On October 27, 2022 in an interview with CNBC’s Mad Money, Alan Jope said that the premium part of Unilever’s business is growing faster than the rest of the portfolio. There will be another 10% growth in China when all stores are open. Jope is convinced that inflation will continue until the beginning of 2023. He pointed out that we are far from deflationary pressures. He called Nelson Peltz a good board member who wants to focus on the growth and premium side of the company’s portfolio.

Unilever CEO: Consumers around the world are showing strong growth

Unilever upgraded at Berenberg

On September 26, 2022, Berenberg analyst James Targett upgraded Unilever from Hold to Buy with a price target of GBp 4,800, up from 4,000. Targett told investors in a research note that the company is positioned for organic growth at the upper end of its guidance. Cost improvements and price action suggest margin recovery from fiscal 2023 and Unilever’s valuation is attractive with shares trading at a 15% discount to peers, Targett said.

Unilever $UL Stock Technical Analysis

Unilever $UL stock is in a technical weak downtrend. The stock has formed a downtrend channel breakout chart pattern.

Unilever stock chart on October 30, 2022, with downtrend channel breakout pattern and a positive MACD and positive money flow.
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