UNITED NATURAL FOODS INC (UNFI) Stock Technical Analysis
USA - NYSE:UNFI - US9111631035 - Common Stock
29.49 USD
+0.62 (+2.15%)
29.49 USD
0 (0%)
We assign a technical rating of 10 out of 10 to UNFI. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, UNFI did better than 91% of all other stocks. On top of that, UNFI also shows a nice and consistent pattern of rising prices.
UNFI is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry. UNFI outperforms 94% of them.
UNFI has an average volume of 1018710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UNFI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UNFI is lagging the market.
In the last month UNFI has a been trading in the 27.21 - 31.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, UNFI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 28.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.15
31.44
We found 3 important support areas.
- A support zone ranging from 27.70 to 28.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.11 from a horizontal line in the weekly time frame.
- Support @24.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @29.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 30.74 to 31.13. This zone is formed by a combination of multiple trend lines 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 | 91.86 | POSITIVE | UNFI has a high relative strength, it outperformed 91.86% 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) | 55.83 | NEUTRAL | The RSI value for UNFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UNFI has a negative trend. |
| Stochastics (14,3) | 48.07 | NEUTRAL | The Stochastics value for UNFI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for UNFI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.91 | NEGATIVE | The low ADX value for UNFI suggests a weak or negative 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 |
|---|---|---|---|
| 29.78 | 27.96 | 1.82 (6.11%) | 16.36% |
| An entry @29.78. This is a Buy Stop order right above the resistance zone. | An exit @27.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.82 points, which is 6.11%. | For a 1.00% total portfolio risk, you can invest 16.36% of your capital in this trade. |
- 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.
29.49
+0.62 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg2.15%
1 Week1.38%
2 Weeks2.9%
1 Month7.39%
3 Month29.51%
6 Month10.45%
12 Month76.27%
2 Year108.56%
3 Year-14.2%
5 Year98.32%
10 Year-39.21%
15 Year-10.96%
Volatility
ATR(14)1.01
ATR(20)%3.11%
ATR Inc-2.48%
Range Today0.91
ADR(20)0.91
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.86
Mansfield0.07
10 Day High31.01
10 Day Low27.97
20 Day High31.01
20 Day Low27.21
52 Week High34.76
52 Week Low16.51
CS1 End28
CR1 Start29.77
Volume & EV
DER(3)-1.74%
DER(5)-1.07%
Volume853.70K
Volume Incr91.21%
Vol(5)1.54M
Vol(50)1.02M