Unilever's share price was heavily penalized and is now in an oversold situation near to a solid support area.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.
Moreover, brokers have lately revised upward their revenues' estimates and count on EPS of GBp 139 for this year.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 2512 area should stop this trend and allow a technical rebound towards GBp 2674. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Thanks to the technical pattern and Unilever's strong fundamentals, active investors can take a long position above GBp 2512. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at GBp 2674 in a first time and then at GBp 2885.
However, a bearish trend would regain the upper hand if the security crosses GBp 2512.