United Natural Foods Stock Poised for Rebound

  • In Business
  • 2021-10-27 17:27:52Z
  • By Schaeffer's Investment Research

Organic food stock United Natural Foods Inc (NYSE:UNFI) has been steadily falling on the charts since its Sept. 30 nearly four-year high of $52.35. However, the stock looks poised for a short-term bounce, as UNFI's Relative Strength Index (RSI) of just 8.5 sits deeply in "oversold" territory.

Plus, the equity just came into contact with its 40-day moving average, after spending a significant period of time above it. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, six similar signals have occurred in the past three years. United Natural Foods stock enjoyed a positive return one-month return in 67% of those cases, averaging a 20.6% gain. From its current perch, a similar move would send UNFI back up toward its recent highs.

UNFI 1027
UNFI 1027  

A shift in sentiment in the options pits could provide tailwinds as well. Of the seven analysts in coverage, six carry a "hold" or worse rating on United Natural Foods stock, with just one "strong buy."

Plus, now looks like a good time to weigh in on UNFI's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 44% stands higher than just 2% of all other readings in its annual range, implying that options players are pricing in low volatility expectations at the moment.


Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • 123 movies
    (2021-10-28 13:39:38Z)

    Superbly written article, if only all bloggers offered the same content as you, the internet would be a far better place..

  • http://wowufatip.com/
    (2021-11-04 09:18:25Z)

    I exploit solely premium quality products -- you will observe these individuals on:

  • weed for sale
    (2021-11-15 13:49:08Z)

    I high appreciate this post. It’s hard to find the good from the bad sometimes, but I think you’ve nailed it! would you mind updating your blog with more information?

  • domino99
    (2021-11-16 05:01:57Z)

    I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up.

  • cheap drugs near me
    (2021-11-16 12:07:34Z)

    I read that Post and got it fine and informative.

  • black owned business directory
    (2021-11-17 11:12:56Z)

    i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to present something back and help others such as you helped me.

  • go there
    (2021-11-18 07:42:56Z)

    I read your blog frequently and I just thought I’d say keep up the amazing work!

  • this page
    (2021-11-18 09:13:41Z)

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading.

  • moxey
    (2021-11-26 06:10:02Z)

    This is really a nice and informative, containing all information. Thanks for sharing it,

  • landscaperfresnoca.com/
    (2021-11-26 12:49:27Z)

    Great Information.

  • moxey seo
    (2021-11-29 06:09:31Z)

    This is my first time visit to your blog and I am very interested in the articles that you serve. Provide enough knowledge for me.
    This Website


Top News: Business