Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UNFI
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Stronger technical forecast for United Natural Foods stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Sell candidate since Mar 05, 2024 Loss -20.17% PDF

The United Natural Foods stock price gained 4.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.40 to $11.87. During the last trading day the stock fluctuated 3.49% from a day low at $11.47 to a day high of $11.87. The price has risen in 6 of the last 10 days but is still down by -2.14% for this period. Volume fell on the last day by -19 thousand shares and in total, 663 thousand shares were bought and sold for approximately $7.87 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.10% during the next 3 months and, with a 90% probability hold a price between $8.94 and $11.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UNFI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United Natural Foods stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.07. On a fall, the stock will find some support from the short-term average at $11.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for United Natural Foods stock

United Natural Foods finds support from accumulated volume at $11.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.400 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 3.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UNFI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect United Natural Foods to open at $11.74, and during the day (based on 14 day Average True Range), to move between $11.28 and $12.46, which gives a possible trading interval of +/-$0.585 (+/-4.93%) up or down from last closing price. If United Natural Foods takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.83 (0.34%) than the resistance at $11.92 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is United Natural Foods stock A Buy?

United Natural Foods holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.062 Sell Candidate Upgraded

Predicted Opening Price for United Natural Foods of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.74 ( 1.12%) $11.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UNFI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.14 2.25 %
R2 11.98 0.96 %
R1 11.89 0.164 %
Current price: 11.87
Support S1 11.58 -2.41 %
S2 11.49 -3.21 %
S3 11.34 -4.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.13 2.19 %
R2 11.96 0.758 %
R1 11.92 0.421 %
Current price 11.87
Support S1 11.83 -0.337%
S2 11.76 -0.93%
S3 11.55 -2.70%

FAQ

What is the symbol for United Natural Foods Stock and on which exchange is it traded?
The symbol for United Natural Foods is UNFI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell United Natural Foods Stock?
United Natural Foods holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy United Natural Foods Stock?
United Natural Foods Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy United Natural Foods Stock.

What's the current price of United Natural Foods Stock?
As of the end of day on the 2024-03-27, the price of an United Natural Foods (UNFI) share was $11.87.

What is the 52-week high and low for United Natural Foods Stock?
The 52-week high for United Natural Foods Stock is $28.37 and the 52-week low is $11.39.

What is the market capitalization of United Natural Foods Stock?
As of the 2024-03-27, the market capitalization of United Natural Foods is 705.515M.

When is the next earnings date for United Natural Foods?
The upcoming earnings date for United Natural Foods is Jun 05, 2024.
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About United Natural Foods

United Natural Foods United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. It also provides... UNFI Profile

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