United Natural Foods Technical Analysis (NASDAQ:UNFI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The UNFI stock chart pattern can give those who understand technical analysis an indication of which way UNFI stock is headed, but cannot predict with 100% certainty as to what can happen to the United Natural Foods stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for United Natural Foods. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of United Natural Foods stock analysis.
United Natural Foods Moving Average
Moving averages show the UNFI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for United Natural Foods are mostly signals of long term trends and will help long term traders.
United Natural Foods Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the UNFI stock. The stock price is trading between the average and the lower band in the context of United Natural Foods bollinger bands.
United Natural Foods Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The United Natural Foods MACD line is below the signal line.
United Natural Foods Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of UNFI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.