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Wednesday April 01, 2020 Change -3.59% Price $8.85
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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.

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UNFI Trend

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.

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UNFI Signals

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.

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UNFI Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 63 and the stock is currently not being overbought or oversold

* 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.

Support: $7.41 Price: $8.85 Resistance: $9.39

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

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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