UNIFI INC (UFI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UFI • US9046772003
Overall UFI gets a technical rating of 5 out of 10. In the past year, UFI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, UFI is a bad performer in the overall market: 78% of all stocks are doing better.
- UFI is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 61% are performing better than UFI.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- UFI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UFI is lagging the market.
- In the last month UFI has a been trading in the 3.58 - 4.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UFI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.66
We found 3 important support areas.
- A support zone ranging from 3.92 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.81 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.07 from a horizontal line in the weekly time frame.
- Resistance @4.29 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for UFI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UFI is up. |
| ChartMill Relative Strength | 22.28 | NEGATIVE | UFI has a low relative strength, it was outperformed by 77.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UFI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UFI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for UFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.44 | NEUTRAL | The Stochastics value for UFI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for UFI suggests high volalility. |
| Average Directional Index/ADX (14) | 34.61 | POSITIVE | The high ADX value value for UFI suggests a strong trend. |
4.06
-0.22 (-5.14%)
UNIFI INC / UFI FAQ
What is the ChartMill technical rating of UNIFI INC (UFI) stock?
ChartMill assigns a technical rating of 5 / 10 to UFI.
What is the trend direction for UFI stock?
The current trend direction for UNIFI INC (UFI) is Bearish.
Can you provide the RSI signal for UNIFI INC?
UNIFI INC (UFI) has an RSI value of 58.3338. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNIFI INC?
The MACD indicator for UNIFI INC (UFI) has a value of 0.0165226, indicating a bearish trend.
What is the short term momentum for UFI stock?
The short term momentum for UNIFI INC (UFI) is positive.