UNITED NATURAL FOODS INC (UNFI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UNFI • US9111631035
We assign a technical rating of 8 out of 10 to UNFI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UNFI is only an average performer.
- The long and short term trends are both positive. This is looking good!
- UNFI 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 UNFI is lagging the market slightly.
- Looking at the yearly performance, UNFI did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- UNFI is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 62% of 38 stocks in the same industry.
- In the last month UNFI has a been trading in the 32.06 - 39.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although UNFI has an excellent technical rating, it does not offer a high quality setup 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
27.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.50 to 34.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.61 to 33.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.51 to 32.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.11 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.90 to 39.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @40.01 from a horizontal 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 | 73.18 | POSITIVE | UNFI has a high relative strength, it outperformed 73.18% 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) | 60.82 | NEUTRAL | The RSI value for UNFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests UNFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.53 | NEUTRAL | The Stochastics value for UNFI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for UNFI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for UNFI suggests a weak or negative trend. |
37.23
-0.05 (-0.13%)
UNITED NATURAL FOODS INC / UNFI FAQ
What is the technical rating for UNFI stock?
ChartMill assigns a technical rating of 8 / 10 to UNFI.
What is the current trend direction of UNITED NATURAL FOODS INC (UNFI) stock?
The current trend direction for UNITED NATURAL FOODS INC (UNFI) is Bullish.
Can you provide the RSI signal for UNITED NATURAL FOODS INC?
UNITED NATURAL FOODS INC (UNFI) has an RSI value of 60.8184. This indicates that the stock is currently neutral.
What is the MACD signal for UNFI stock?
The MACD indicator for UNITED NATURAL FOODS INC (UNFI) has a value of 0.411184, indicating a bearish trend.
What is the buy/sell signal for UNITED NATURAL FOODS INC (UNFI) stock?
The buy/sell signal for UNITED NATURAL FOODS INC (UNFI) is buy as both the short term and long term trends are positive.