UNITED NATURAL FOODS INC. - 15 min. - Technical analysis published on 11/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 22.38 USD
My targets
21.26 USD (-2.88%)
20.63 USD (-5.76%)
My analysis
The strong short-term decline in UNITED NATURAL FOODS INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 22.38 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 21.26 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20.63 USD as an objective. Crossing it would then enable sellers to target 19.51 USD. Be careful, a return to above 22.38 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.6
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNITED NATURAL FOODS INC. rating 21.89 USD. The price registered an increase of +1.06% on the session and was traded between 21.75 USD and 23.50 USD over the period. The price is currently at +0.64% from its lowest and -6.85% from its highest.21.75
23.50
21.89
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of UNITED NATURAL FOODS INC. indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.72 | 20.64 | 21.21 | 21.89 | 22.05 | 22.53 | 23.50 |
| Change (%) | -9.91% | -5.71% | -3.11% | - | +0.73% | +2.92% | +7.35% |
| Change | -2.17 | -1.25 | -0.68 | - | +0.16 | +0.64 | +1.61 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.51 | 20.63 | 21.26 | 22.38 | 23.01 | 24.13 | 24.76 |
| Camarilla | 21.41 | 21.57 | 21.73 | 21.89 | 22.05 | 22.21 | 22.37 |
| Woodie | 19.27 | 20.51 | 21.02 | 22.26 | 22.77 | 24.01 | 24.52 |
| Fibonacci | 20.63 | 21.30 | 21.71 | 22.38 | 23.05 | 23.46 | 24.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.51 | 20.63 | 21.26 | 22.38 | 23.01 | 24.13 | 24.76 |
| Camarilla | 21.41 | 21.57 | 21.73 | 21.89 | 22.05 | 22.21 | 22.37 |
| Woodie | 19.27 | 20.51 | 21.02 | 22.26 | 22.77 | 24.01 | 24.52 |
| Fibonacci | 20.63 | 21.30 | 21.71 | 22.38 | 23.05 | 23.46 | 24.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.04 | 16.43 | 18.38 | 20.77 | 22.72 | 25.11 | 27.06 |
| Camarilla | 19.15 | 19.54 | 19.94 | 20.34 | 20.74 | 21.14 | 21.53 |
| Woodie | 13.83 | 16.32 | 18.17 | 20.66 | 22.51 | 25.00 | 26.85 |
| Fibonacci | 16.43 | 18.09 | 19.11 | 20.77 | 22.43 | 23.45 | 25.11 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.83 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -7.04 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 22.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.67 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 22.74 | |
| Zig ZAG (10): | 21.89 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 26.55 | |
| TEMA (21): | 22.29 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | -3.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.54 |
| MA7: | 21.31 | |
| MA20: | 20.87 | |
| MA50: | 19.28 | |
| MA100: | 16.54 | |
| MAexp7: | 22.27 | |
| MAexp20: | 22.31 | |
| MAexp50: | 22.07 | |
| MAexp100: | 21.76 | |
| Price / MA7: | +2.72% | |
| Price / MA20: | +4.89% | |
| Price / MA50: | +13.54% | |
| Price / MA100: | +32.35% | |
| Price / MAexp7: | -1.71% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | +0.60% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on UNITED NATURAL FOODS INC. at the time of the analysis were as follows:
- United Natural Foods Energy-Focused ESG Initiatives Expected to Drive Infrastructure Modernization and Cost Savings
- United Natural Foods Announces the Elevation of Two Leaders to Better Align Teams to Drive its Customer Centric Strategy and Transformation Plan
- United Natural Foods Advancing Initiatives to Improve the Effectiveness and Efficiency of its Supply Chain
- United Natural Foods and ECRS Sign Agreement to Drive Growth and Efficiency for Grocery Retailers
- United Natural Foods Natural & Conventional Show Delivers Solutions to Help Grocery Customers Remain Competitive in Macro Environment
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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