UNIFIRST CORP/MA (UNF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UNF - US9047081040 - Common Stock
Taking everything into account, UNF scores 8 out of 10 in our technical rating. Although UNF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
UNF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 193.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
150.98
We found 4 important support areas.
- A support zone ranging from 190.36 to 193.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 178.89 to 180.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @169.68 from a horizontal line in the daily time frame.
- Support @152.50 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for UNF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNF is up. |
| ChartMill Relative Strength | 62.82 | NEUTRAL | UNF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UNF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.32 | NEUTRAL | The RSI value for UNF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests UNF has a positive trend. |
| Stochastics (14,3) | 65.93 | NEUTRAL | The Stochastics value for UNF is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for UNF suggests some volalility. |
| Average Directional Index/ADX (14) | 38.56 | POSITIVE | The high ADX value value for UNF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 205.12 | 190.35 | 14.77 (7.20%) | 13.89% |
| An entry @205.12. This is a Buy Stop order right above the 10 day high. | An exit @190.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 14.77 points, which is 7.20%. | When investing 13.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
203.3
+1.29 (+0.64%)
UNIFIRST CORP/MA / UNF FAQ
What is the ChartMill technical rating of UNIFIRST CORP/MA (UNF) stock?
ChartMill assigns a technical rating of 8 / 10 to UNF.
What is the current trend direction of UNIFIRST CORP/MA (UNF) stock?
The current trend direction for UNIFIRST CORP/MA (UNF) is Bullish.
Can you provide the RSI signal for UNIFIRST CORP/MA?
UNIFIRST CORP/MA (UNF) has an RSI value of 67.3166. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNIFIRST CORP/MA?
The MACD indicator for UNIFIRST CORP/MA (UNF) has a value of 0.374125, indicating a bearish trend.
What is the short term momentum for UNF stock?
The short term momentum for UNIFIRST CORP/MA (UNF) is positive.