UNITED NATURAL FOODS INC (UNFI) Stock Technical Analysis
NYSE:UNFI - New York Stock Exchange, Inc. - US9111631035 - Common Stock - Currency: USD
Taking everything into account, UNFI scores 10 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, UNFI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, UNFI did better than 97% of all other stocks. We also observe that the gains produced by UNFI over the past year are nicely spread over this period.
UNFI is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 97% of 41 stocks in the same industry.
UNFI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UNFI is performing more or less in line with the market.
UNFI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, UNFI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
23.83
30.98
4 important support areas can be observed.
- A support zone ranging from 30.05 to 30.31. 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 29.00 to 29.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.96 to 26.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @30.67 from a trend line 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 | UP | POSITIVE | The long term trend for UNFI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNFI is up. |
| ChartMill Relative Strength | 97.31 | POSITIVE | UNFI has a high relative strength, it outperformed 97.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UNFI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNFI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.04 | NEUTRAL | The RSI value for UNFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests UNFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.72 | OVERBOUGHT | The high Stochastics value suggests UNFI may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for UNFI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for UNFI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 30.68 | 30.04 | 0.64 (2.09%) | 25.00% |
| An entry @30.68. This is a Buy Stop order right above the resistance zone. | An exit @30.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 2.09%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of UNFI. Please evaluate whether better entry and exit points can be found.
- 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.
30.57
-0.33 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.07%
1 Week3.87%
2 Weeks0%
1 Month13.47%
3 Month-3.84%
6 Month23.12%
12 Month154.54%
2 Year14.45%
3 Year-27.92%
5 Year55.97%
10 Year-54.42%
15 Year-1.55%
Volatility
ATR(14)1.07
ATR(20)%3.28%
ATR Inc-8.61%
Range Today1
ADR(20)0.96
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.31
Mansfield3.31
10 Day High31.41
10 Day Low28.9
20 Day High31.41
20 Day Low25.7
52 Week High34.76
52 Week Low11.88
CS1 End30.31
CR1 Start30.67
Volume & EV
DER(3)-2.15%
DER(5)0.5%
Volume918.70K
Volume Incr-15.58%
Vol(5)525.82K
Vol(50)682.25K