Unilever (ULVR.l) bearish scenario:The technical figure Rising Wedge can be found in the daily chart in the UK company Unilever PLC (ULVR.l). Unilever plc is a British multinational consumer goods company. Unilever products include food, condiments, ice cream, cleaning agents, beauty products, and personal care. Unilever is the largest producer of soap in the world, and its products are available in around 190 countries. The Rising Wedge broke through the support line on 04/10/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 31 days towards 3 647.00 GBp. Your stop-loss order, according to experts, should be placed at 4 178.00 GBp if you decide to enter this position.
In the first half of 2022, Unilever's growth accelerated again as its robust sales in the U.S., India, and other markets easily offset its lockdown-induced disruptions in China. It also raised its prices to offset the impact of inflation. For the full year, it expects underlying sales to grow by more than 6.5%.
Unilever's underlying earnings per share (EPS) rose 5.5% in 2021, but grew just 1% year-over-year in the first half of 2022 as the inflation and currency headwinds squeezed its margins. It expects its underlying operating margin to decline about 240 basis points to 16% this year.
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