UFP INDUSTRIES INC (UFPI) Stock Technical Analysis
USA - NASDAQ:UFPI - US90278Q1085 - Common Stock
Taking everything into account, UFPI scores 1 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.
UFPI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 91.76. Right above this resistance zone may be a good entry point.
More info and screens
88.55
When analyzing the support we can see 2 important areas.
- Support @91.36 from a trend line in the daily time frame.
- A support zone ranging from 89.44 to 89.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 91.76 to 94.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @97.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 104.70 to 104.92. This zone is formed by a combination of multiple trend lines 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 | 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 | 14.12 | NEGATIVE | UFPI has a low relative strength, it was outperformed by 85.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UFPI is below the rising 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) | 45.91 | NEUTRAL | The RSI value for UFPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests UFPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.15 | NEUTRAL | The Stochastics value for UFPI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for UFPI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.39 | NEGATIVE | The low ADX value for UFPI suggests a weak or negative trend. |
91.47
-0.53 (-0.58%)
UFP INDUSTRIES INC / UFPI FAQ
Can you provide the ChartMill technical rating for UFP INDUSTRIES INC?
ChartMill assigns a technical rating of 1 / 10 to UFPI.
What is the current trend direction of UFP INDUSTRIES INC (UFPI) stock?
The current trend direction for UFP INDUSTRIES INC (UFPI) is Bearish.
What is the RSI signal for UFP INDUSTRIES INC (UFPI) stock?
UFP INDUSTRIES INC (UFPI) has an RSI value of 45.9127. This indicates that the stock is currently neutral.
What is the MACD signal for UFPI stock?
The MACD indicator for UFP INDUSTRIES INC (UFPI) has a value of 0.228482, indicating a bearish trend.
What is the support and resistance level for UFPI stock?
UFP INDUSTRIES INC (UFPI) has a support level at 91.36 and a resistance level at 91.76. Check the full technical report for our detailed analysis of UFPI support and resistance levels.