UFP INDUSTRIES INC (UFPI) Stock Technical Analysis
NASDAQ:UFPI • US90278Q1085
Taking everything into account, UFPI scores 8 out of 10 in our technical rating. Although UFPI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- UFPI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UFPI is lagging the market slightly.
- In the last month UFPI has a been trading in the 100.58 - 118.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that UFPI is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- UFPI is an average performer in the Building Products industry, it outperforms 60% of 42 stocks in the same industry.
UFPI has an excellent technical rating, but the quality of the setup is only medium 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
88.55
3 important support areas can be observed.
- A support zone ranging from 108.84 to 109.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 102.50 to 103.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @89.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 114.61 to 115.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for UFPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UFPI is up. |
| ChartMill Relative Strength | 70.53 | POSITIVE | UFPI has a high relative strength, it outperformed 70.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UFPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UFPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UFPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.98 | OVERBOUGHT | The high RSI value suggests UFPI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests UFPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.16 | OVERBOUGHT | The high Stochastics value suggests UFPI may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for UFPI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.77 | POSITIVE | The high ADX value value for UFPI suggests a strong trend. |
114.6
+0.15 (+0.13%)
UFP INDUSTRIES INC / UFPI FAQ
Can you provide the ChartMill technical rating for UFP INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 10 to UFPI.
What is the trend direction for UFPI stock?
The current trend direction for UFP INDUSTRIES INC (UFPI) is Bullish.
What is the RSI signal for UFP INDUSTRIES INC (UFPI) stock?
UFP INDUSTRIES INC (UFPI) has an RSI value of 71.9816. This indicates that the stock is currently overbought.
Can you provide the short term momentum for UFP INDUSTRIES INC?
The short term momentum for UFP INDUSTRIES INC (UFPI) is positive.
Can you provide the support and resistance levels for UFP INDUSTRIES INC?
UFP INDUSTRIES INC (UFPI) has a support level at 109.13 and a resistance level at 114.61. Check the full technical report for our detailed analysis of UFPI support and resistance levels.