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 UFI
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Volatile ride for Unifi Inc stock price on Thursday moving between $5.76 and $6.41
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Unifi Inc stock price gained 2.92% on the last trading day (Thursday, 28th Mar 2024), rising from $5.82 to $5.99. During the last trading day the stock fluctuated 11.28% from a day low at $5.76 to a day high of $6.41. The price has been going up and down for this period, and there has been a 3.81% gain 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, 20 thousand more shares were traded than the day before. In total, 200 thousand shares were bought and sold for approximately $1.20 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $6.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.57% during the next 3 months and, with a 90% probability hold a price between $4.74 and $5.19 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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UFI Signals & Forecast

The Unifi Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.75 and $5.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 7.16%. Further rise is indicated until a new top pivot has been found. Unifi Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Unifi Inc stock

Unifi Inc finds support from accumulated volume at $5.82 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 $0.650 between high and low, or 11.28%. For the last week the stock has had daily average volatility of 4.08%.

Our recommended stop-loss: $5.76 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (UFI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Unifi Inc to open at $6.05, and during the day (based on 14 day Average True Range), to move between $5.81 and $6.17, which gives a possible trading interval of +/-$0.180 (+/-3.01%) up or down from last closing price. If Unifi Inc takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.11 (2.00%) than the support at $5.82 (2.84%), 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 Unifi Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.142 Buy Candidate Upgraded

Predicted Opening Price for Unifi Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.05 ( 1.06%) $5.99

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

Trading levels for UFI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.70 11.91 %
R2 6.45 7.76 %
R1 6.30 5.20 %
Current price: 5.99
Support S1 5.81 -3.09 %
S2 5.65 -5.65 %
S3 5.40 -9.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.02 17.20 %
R2 6.66 11.19 %
R1 6.11 2.00 %
Current price 5.99
Support S1 5.82 -2.84%
S2 5.80 -3.17%
S3 5.77 -3.67%

UFI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 17, 1998 Apr 29, 1998 May 08, 1998 $0.420 0.367%
2 Jan 12, 1998 Jan 28, 1998 Feb 06, 1998 $0.420 0.351%
3 Oct 24, 1997 Nov 05, 1997 Nov 14, 1997 $0.420 0.375%
4 Jul 17, 1997 Jul 30, 1997 Aug 08, 1997 $0.420 0.375%
5 Apr 17, 1997 Apr 30, 1997 May 09, 1997 $0.330 0.352%

FAQ

What is the symbol for Unifi Inc Stock and on which exchange is it traded?
The symbol for Unifi Inc is UFI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Unifi Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Unifi Inc Stock?
As of the end of day on the 2024-03-28, the price of an Unifi Inc (UFI) share was $5.99.

What is the 52-week high and low for Unifi Inc Stock?
The 52-week high for Unifi Inc Stock is $9.19 and the 52-week low is $5.58.

What is the market capitalization of Unifi Inc Stock?
As of the 2024-03-28, the market capitalization of Unifi Inc is 108.157M.

When is the next earnings date for Unifi Inc?
The upcoming earnings date for Unifi Inc is May 01, 2024.
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About Unifi Inc

Unifi Unifi, Inc., together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, p... UFI Profile

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