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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UNF
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Unifirst Corporation stock upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)

Hold candidate since Jun 21, 2024 PDF

The Unifirst Corporation stock price gained 0.209% on the last trading day (Friday, 21st Jun 2024), rising from $153.09 to $153.41. During the last trading day the stock fluctuated 1.17% from a day low at $152.50 to a day high of $154.29. The price has been going up and down for this period, and there has been a -1.92% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 142 thousand more shares were traded than the day before. In total, 199 thousand shares were bought and sold for approximately $30.55 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.80% during the next 3 months and, with a 90% probability hold a price between $139.42 and $151.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UNF Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.52%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unifirst Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $153.75 and $159.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Unifirst Corporation stock

Unifirst Corporation finds support from accumulated volume at $152.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.79 between high and low, or 1.17%. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: $143.98 (-6.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (UNF) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Unifirst Corporation to open at $153.40, and during the day (based on 14 day Average True Range), to move between $150.18 and $156.64, which gives a possible trading interval of +/-$3.23 (+/-2.11%) up or down from last closing price. If Unifirst Corporation takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $152.74 (0.44%) than the resistance at $165.80 (8.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Unifirst Corporation will release earnings BMO on Wednesday, June 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.88. We will update the financials statements for Unifirst Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.33% in the first trading day after earnings release.

Is Unifirst Corporation stock A Buy?

Unifirst Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.683 Hold/Accumulate Upgraded

Predicted Opening Price for Unifirst Corporation of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$153.40 ( 0.0065%) $153.41

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UNF

Fibonacci Support & Resistance Levels

Level Price
R3 155.19 1.16%
R2 154.51 0.715%
R1 154.08 0.439%
Price 153.41
S1 152.72 -0.452%
S2 152.29 -0.728%
S3 151.61 -1.17%

Accumulated Volume Support & Resistance Levels

Level Price
R3 173.43 13.05%
R2 172.07 12.16%
R1 165.80 8.08%
Price 153.41
S1 152.74 -0.437%
S2 152.50 -0.593%
S3 151.12 -1.49%

UNF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 07, 2024 Jun 07, 2024 Jun 28, 2024 $0.330 0.215%
2 Mar 07, 2024 Mar 07, 2024 Mar 29, 2024 $0.330 0.190%
3 Oct 24, 2023 Dec 06, 2023 Jan 04, 2024 $0.330 0.202%
4 Jul 11, 2023 Sep 06, 2023 Sep 28, 2023 $0.310 0.188%
5 Apr 04, 2023 Jun 07, 2023 Jun 29, 2023 $0.310 0.198%

FAQ

What is the symbol for Unifirst Corporation Stock and on which exchange is it traded?
The symbol for Unifirst Corporation is UNF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Unifirst Corporation Stock?
Unifirst Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Unifirst Corporation Stock?
Unifirst Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Unifirst Corporation Stock.

What's the current price of Unifirst Corporation Stock?
As of the end of day on the Jun 21, 2024, the price of an Unifirst Corporation (UNF) share was $153.41.

What is the 52-week high and low for Unifirst Corporation Stock?
The 52-week high for Unifirst Corporation Stock is $187.22 and the 52-week low is $149.58.

What is the market capitalization of Unifirst Corporation Stock?
As of the Jun 21, 2024, the market capitalization of Unifirst Corporation is 2.752B.

When is the next earnings date for Unifirst Corporation?
The upcoming earnings date for Unifirst Corporation is Jun 26, 2024.
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About Unifirst Corporation

Unifirst UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, sm... UNF Profile

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