US Foods Holding Corp Stock Forecast
Red day on Thursday for US Foods Holding Corp
(Updated on Apr 18, 2024)
The US Foods Holding Corp stock price fell by -0.498% on the last day (Thursday, 18th Apr 2024) from $50.20 to $49.95. During the last trading day the stock fluctuated 1.75% from a day low at $49.65 to a day high of $50.52. The price has been going up and down for this period, and there has been a 0.04% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -120 thousand shares and in total, 1 million shares were bought and sold for approximately $66.06 million.
Given the current short-term trend, the stock is expected to rise 16.20% during the next 3 months and, with a 90% probability hold a price between $58.04 and $65.54 at the end of this 3-month period.
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USFD Signals & Forecast
There are few to no technical positive signals at the moment. The US Foods Holding Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $50.93 and $52.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -8.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for US Foods Holding Corp stock
US Foods Holding Corp finds support from accumulated volume at $49.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.87 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $47.36 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (USFD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect US Foods Holding Corp to open at $50.04, and during the day (based on 14 day Average True Range), to move between $48.76 and $51.14, which gives a possible trading interval of +/-$1.19 (+/-2.38%) up or down from last closing price. If US Foods Holding Corp takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.93 (0.04%) than the resistance at $51.52 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is US Foods Holding Corp stock A Buy?
US Foods Holding Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.309 Hold/Accumulate Unchanged
Predicted Opening Price for US Foods Holding Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $50.04 ( 0.180%) | $49.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USFD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.91 | 1.92 % | |
| R2 | 50.58 | 1.26 % | ||
| R1 | 50.37 | 0.85 % | ||
| Current price: | 49.95 | |||
| Support | S1 | 49.71 | -0.485 % | |
| S2 | 49.50 | -0.90 % | ||
| S3 | 49.17 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | 7.11 % | |
| R2 | 53.21 | 6.53 % | ||
| R1 | 51.52 | 3.14 % | ||
| Current price | 49.95 | |||
| Support | S1 | 49.93 | -0.0400% | |
| S2 | 49.58 | -0.741% | ||
| S3 | 48.57 | -2.76% |
FAQ
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