US Foods Holding Corp Forecast and Stock Analysis
Technical USFD stock analysis for March 19, 2019.
|Shorts||1.61% ( 2019-02-28 )|
US Foods Holding Corp fell by -0.17% in the last day from $34.63 to $34.57 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 0.46% over the past 2 weeks. Volume has increased in the last day by 0.02 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, 1.25 million shares bought and sold for approximately $43.25 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the USFD stock was $34.57. This is 0.17% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 1.42% from a day low at $34.40 to a day high of $34.89.
30 day high of the USFD stock price was $35.82 and low was $33.78.
90 day high was $35.82 and low was $29.55.
52 week high for the US Foods Holding Corp - $40.92 and low - $27.51.
US Foods Holding Corp lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.51% during the next 3 months and, with 90% probability hold a price between $37.36 and $41.33 at the end of this period.
There are few to none technical positive signals at the moment. US Foods Holding Corp 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 $34.58 and $34.76. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 13, 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.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
US Foods Holding Corp finds support from accumulated volume at $34.56.
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 $0.49 (1.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.25%.
Our recommended stoploss: $33.29 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
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US Foods Holding Corp holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.