Bullish vs. Bearish (3 opinions)
Social Sentiment 0.13
UNFI Forecast and Technical Stock Analysis
Sell candidate since 2019-10-09 Loss -4.06% PDF
United Natural Foods fell by -0.42% in the last day ( Monday, 14th Oct 2019 ) from $7.12 to $7.09 During the day the stock fluctuated 5.59% from a day low at $6.80 to a day high of $7.18. The price has fallen in 7 of the last 10 days and is down by -38.45% for this period. 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 -0.07 million shares and in total 1.28 million shares bought and sold for approximately $9.06 million.
- 30 day high of the UNFI stock price was $13.51 and low was $6.80.
- 90 day high was $13.51 and low was $6.75.
- 52 week high for United Natural Foods - $27.48 and low - $6.75.
United Natural Foods lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $7.06 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.08% during the next 3 months and, with 90% probability hold a price between $7.56 and $14.62 at the end of this period.
There are mixed signals in the stock today. 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 $7.24 and $9.83. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday October 10, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
United Natural Foods finds support from accumulated volume at $7.03.
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 $0.38 between high and low, or 5.59%. For the last week, the stock has had a daily average volatility of 5.69%.
United Natural Foods is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.69 %Average volatility
Very Low Low Medium High Very High
|UNFI $7.09 ($-0.03 -0.42%)|
UNFI is down $0.03 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for UNFI based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the UNFI analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!