UFPI Technical Analysis - UFP INDUSTRIES INC

Technical Rating and Analysis

Taking everything into account, UFPI scores 0 out of 10 in our technical rating. UFPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

89% of all other stocks performed better in the past year than UFPI.

UFPI is part of the Building Products industry. There are 41 other stocks in this industry, of which 70% are performing better than UFPI.

UFPI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

UFPI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UFP INDUSTRIES INC / UFPI Weekly stock chart

UFP INDUSTRIES INC / UFPI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, UFPI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

90.88

110.22

When analyzing the support we notice one important area.

A support zone ranging from 91.80 to 93.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 4 important resistance areas.

Resistance @102.53 from a trend line in the weekly time frame.
A resistance zone ranging from 104.83 to 104.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 106.90 to 107.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @109.13 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 UFPI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for UFPI is down.
ChartMill Relative Strength	11.34	NEGATIVE	UFPI has a low relative strength, it was outperformed by 88.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UFPI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of UFPI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of UFPI is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.93	NEUTRAL	The RSI value for UFPI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests UFPI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.43	OVERSOLD	The low Stochastics value suggests UFPI may be oversold.
Average True Range in percent/ATR (20)	2.6	MEDIUM VOLATILITY	The ATR as a percentage value for UFPI suggests some volalility.
Average Directional Index/ADX (14)	18.83	NEGATIVE	The low ADX value for UFPI suggests a weak or negative trend.