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 from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Unifirst Corporation stock price gained 2.94% on the last trading day (Wednesday, 27th Mar 2024), rising from $167.15 to $172.07. During the last trading day the stock fluctuated 8.84% from a day low at $160.00 to a day high of $174.15. The price has fallen in 6 of the last 10 days and is down by -0.51% for this period. 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, 243 thousand shares were bought and sold for approximately $41.80 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Unifirst Corporation stock with a 90% probability to be traded between $159.43 and $175.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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UNF Signals & Forecast

The Unifirst Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $170.41 and $169.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -3.12%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Unifirst Corporation stock

Unifirst Corporation finds support from accumulated volume at $170.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $14.15 between high and low, or 8.84%. For the last week the stock has had daily average volatility of 3.22%.

Our recommended stop-loss: $164.21 (-4.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (UNF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Unifirst Corporation to open at $168.74, and during the day (based on 14 day Average True Range), to move between $167.57 and $176.57, which gives a possible trading interval of +/-$4.50 (+/-2.62%) up or down from last closing price. If Unifirst Corporation takes out the full calculated possible swing range there will be an estimated 5.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $173.09 (0.59%) than the support at $170.05 (1.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Unifirst Corporation stock A Buy?

Unifirst Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.354 Hold/Accumulate Upgraded

Predicted Opening Price for Unifirst Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$168.74 ( 1.94%) $172.07

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
Resistance R3 182.89 6.29 %
R2 177.48 3.15 %
R1 174.15 1.21 %
Current price: 172.07
Support S1 163.33 -5.08 %
S2 160.00 -7.02 %
S3 154.59 -10.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 180.41 4.85 %
R2 177.61 3.22 %
R1 173.09 0.593 %
Current price 172.07
Support S1 170.05 -1.17%
S2 167.88 -2.44%
S3 161.56 -6.11%

UNF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 29, 2024 $0.330 0.192%
2 Oct 24, 2023 Dec 06, 2023 Jan 04, 2024 $0.330 0.202%
3 Jul 11, 2023 Sep 06, 2023 Sep 28, 2023 $0.310 0.188%
4 Apr 04, 2023 Jun 07, 2023 Jun 29, 2023 $0.310 0.198%
5 Jan 10, 2023 Mar 08, 2023 Mar 30, 2023 $0.310 0.179%

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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 2024-03-27, the price of an Unifirst Corporation (UNF) share was $172.07.

What is the 52-week high and low for Unifirst Corporation Stock?
The 52-week high for Unifirst Corporation Stock is $193.53 and the 52-week low is $150.50.

What is the market capitalization of Unifirst Corporation Stock?
As of the 2024-03-27, the market capitalization of Unifirst Corporation is 3.094B.

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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