UNIFIRST CORP/MA (UNF) Stock Technical Analysis
NYSE:UNF • US9047081040
Taking everything into account, UNF scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UNF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- UNF is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry. UNF outperforms 83% of them.
- A new 52 week high is currently being made by UNF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month UNF has a been trading in the 198.10 - 243.45 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, UNF did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although UNF has an excellent technical rating, it does not present a decent entry opportunity 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
150.98
4 important support areas can be observed.
- A support zone ranging from 201.34 to 206.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.01 from a trend line in the daily time frame.
- 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 | 83.79 | POSITIVE | UNF has a high relative strength, it outperformed 83.79% off all stocks 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) | 68.11 | NEUTRAL | The RSI value for UNF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.42 | POSITIVE | The MACD value suggests UNF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.3 | OVERBOUGHT | The high Stochastics value suggests UNF may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for UNF suggests some volalility. |
| Average Directional Index/ADX (14) | 45.54 | POSITIVE | The high ADX value value for UNF suggests a strong trend. |
235.61
-5.64 (-2.34%)
UNIFIRST CORP/MA / UNF FAQ
What is the ChartMill technical rating of UNIFIRST CORP/MA (UNF) stock?
ChartMill assigns a technical rating of 9 / 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 68.1136. 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 2.42378, indicating a bullish trend.
What is the short term momentum for UNF stock?
The short term momentum for UNIFIRST CORP/MA (UNF) is positive.