United Natural Foods Forecast and Stock Analysis
Technical UNFI stock analysis for Friday June 14, 2019.
United Natural Foods fell by -4.64% in the last day ( Friday, 14th Jun 2019 ) from $10.77 to $10.27 During day the stock fluctuated 6.12% from a day low at $10.22 to a day high of $10.85. The price has been going up and down for this period, and there has been a 1.18% gain 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 -559 603 shares and in total 743 275 shares bought and sold for approximately $7.63 million.
- 30 day high of the UNFI stock price was $12.27 and low was $9.50.
- 90 day high was $14.13 and low was $9.50.
- 52 week high for the United Natural Foods - $44.94 and low - $9.23.
United Natural Foods lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.92% during the next 3 months and, with 90% probability hold a price between $7.10 and $8.55 at the end of this period.
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 $10.46 and $11.39. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
United Natural Foods finds support from accumulated volume at $10.24.
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 $0.63 between high and low, or 6.12%. For the last week, the stock has had a daily average volatility of 5.76%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.76 %Average volatility
Very Low Low Medium High Very High
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|UNFI $10.27 ($-0.50 -4.64%)|
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