United Natural Foods Forecast and Stock Analysis
Technical UNFI stock analysis for April 24, 2019.
|Shorts||5.44% ( 2019-03-29 )|
United Natural Foods fell by -1.24% in the last day from $12.13 to $11.98 and has now fallen 5 days in a row. The price has fallen in 6 of the last 10 days and is down by -8.97% for this period. Volume has increased in the last day by 0.19 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.26 million shares bought and sold for approximately $15.08 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the UNFI stock was $11.98. This is 1.24% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.95% from a day low at $11.85 to a day high of $12.20.
30 day high of the UNFI stock price was $13.92 and low was $11.85.
90 day high was $15.63 and low was $11.85.
52 week high for the United Natural Foods - $47.73 and low - $9.23.
United Natural Foods has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($12.07) are considered to be a "second chance" to get out. According to the fan-theory $9.62 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to none technical positive signals at the moment. United Natural Foods holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $12.74 and $13.30. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday April 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.35 (2.95%) between high and low. For the last week, the stock has had a daily average volatility of 3.79%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
United Natural Foods holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|UNFI $11.98 ($-0.15 -1.24%)|
UNFI is down $0.15 today, but where's it headed in 2019?
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