UNF Technical Analysis - UNIFIRST CORP/MA

Technical Rating and Analysis

Taking everything into account, UNF scores 0 out of 10 in our technical rating. UNF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

81% of all other stocks performed better in the past year than UNF.

UNF 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.

In the last month UNF has a been trading in the 164.23 - 176.72 range, which is quite wide. It is currently trading near the lows of this range.

UNF is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, UNF did better than 42% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNIFIRST CORP/MA / UNF Weekly stock chart

UNIFIRST CORP/MA / UNF Daily stock chart

Setup Rating and Analysis

UNF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 163.40, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

160.23

190.46

When analyzing the support we notice one important area.

A support zone ranging from 161.85 to 163.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 166.93 to 172.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 178.09 to 179.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @188.57 from a horizontal line in the weekly time frame.

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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 UNF is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for UNF is neutral.
ChartMill Relative Strength	19.09	NEGATIVE	UNF has a low relative strength, it was outperformed by 80.91% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UNF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of UNF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of UNF is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.06	NEUTRAL	The RSI value for UNF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests UNF has a negative trend.
Stochastics (14,3)	29.57	NEUTRAL	The Stochastics value for UNF is a neutral value.
Average True Range in percent/ATR (20)	2.4	MEDIUM VOLATILITY	The ATR as a percentage value for UNF suggests some volalility.
Average Directional Index/ADX (14)	9.27	NEGATIVE	The low ADX value for UNF suggests a weak or negative trend.