UFI Technical Analysis - UNIFI INC

Technical Rating and Analysis

Overall UFI gets a technical rating of 2 out of 10. UFI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

79% of all other stocks performed better in the past year than UFI.

UFI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month UFI has a been trading in the 4.70 - 5.34 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

UFI is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, UFI did better than 42% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, UFI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.57

5.50

We found 2 important support areas.

Support @4.80 from a trend line in the daily time frame.
A support zone ranging from 4.62 to 4.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 5.03 to 5.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 5.17 to 5.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @5.45 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for UFI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for UFI is neutral.
ChartMill Relative Strength	21.94	NEGATIVE	UFI has a low relative strength, it was outperformed by 78.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of UFI is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of UFI is above a declining 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)	49.63	NEUTRAL	The RSI value for UFI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests UFI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	51.67	NEUTRAL	The Stochastics value for UFI is a neutral value.
Average True Range in percent/ATR (20)	4.31	MEDIUM VOLATILITY	The ATR as a percentage value for UFI suggests some volalility.
Average Directional Index/ADX (14)	17.28	NEGATIVE	The low ADX value for UFI suggests a weak or negative trend.