Bullish vs. Bearish (30 opinions)
Social Sentiment -0.38
UNFI Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-03-16 Gain 19.76% PDF
United Natural Foods fell by -3.59% in the last day ( Wednesday, 1st Apr 2020 ) from $9.18 to $8.85 During the day the stock fluctuated 9.42% from a day low at $8.49 to a day high of $9.29. The price has been going up and down for this period, and there has been a -25.82% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.88 million shares and in total 1.54 million shares bought and sold for approximately $13.67 million.
UNFI Stock Price Summary
- 30 day high of the UNFI stock price was $12.93 and low was $5.00.
- 90 day high was $12.93 and low was $5.00.
- 52 week high for United Natural Foods - $13.92 and low - $5.00.
United Natural Foods is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect United Natural Foods with a 90% probability to be traded between $5.40 and $11.87 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
United Natural Foods holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $9.06. On a fall, the stock will find some support from the long-term average at approximately $7.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 27, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
UNFI Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 63 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
UNFI Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $7.41 and $7.39.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, United Natural Foods finds support just below today's level at $7.41. If this is broken, then the next support from accumulated volume will be at $7.39 and $6.75.
UNFI Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.80 between high and low, or 9.42%. For the last week, the stock has had a daily average volatility of 12.43%.
Our recommended stop-loss: $8.50 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
12.43 %Average volatility
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UNFI Stock Evaluation
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 30 votes on StockTwits.
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