US Foods Holding Corp Forecast and Stock Analysis
Technical USFD stock analysis for Thursday May 23, 2019.
|Shorts||2.38% ( 2019-04-15 )|
|Price to book||USD 2.49|
|Next Earnings Date||2019-08-07|
US Foods Holding Corp fell by -2.14% in the last day ( Thursday, 23rd May 2019 ) from $37.79 to $36.98 and has now fallen 3 days in a row. During day the stock fluctuated 2.56% from a day low at $36.81 to a day high of $37.75. The price has fallen in 6 of the last 10 days and is down by -4.32% for this period. Volume has increased in the last day by 0.08 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.34 million shares bought and sold for approximately $49.51 million.
- 30 day high of the USFD stock price was $39.00 and low was $35.04.
- 90 day high was $39.00 and low was $33.78.
- 52 week high for the US Foods Holding Corp - $40.92 and low - $27.51.
US Foods Holding Corp lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $36.61 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 11.66% during the next 3 months and, with 90% probability hold a price between $40.87 and $43.99 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. US Foods Holding Corp 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 $38.06. On a fall, the stock will find some support from the long-term average at approximately $36.69. 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.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
US Foods Holding Corp finds support from accumulated volume at $36.28.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.94 (2.56%) between high and low. For the last week, the stock has had a daily average volatility of 1.81%.
Our recommended stoploss: $35.26 (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 5 days ago.)
1.81 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, 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.
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|USFD $36.98 ($-0.81 -2.14%)|
USFD is down $0.81 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for USFD based on the 1-3 month system that more than doubles the S&P 500.
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