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UNF Stock Tickeron detected bullish Stock Pattern: Wedge Rising UNF on August 28, 2024, netting in a 5.69% gain over 1 month

A.I.dvisor
at Tickeron.com
10/01/24
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+5.69% Gain from a Successful pattern Wedge Rising
UNF - Unifirst Corp
Ticker: UNF
Company: Unifirst
Gain: +5.69%
Confirmed: 08/28/24
Succeeded: 09/30/24
Total length: 34 days
On August 27, 2024, A.I.dvisor detected a Wedge Rising Pattern (Bullish) for Unifirst Corp (UNF, $187.95). On August 28, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $194.98. 33 days later, on September 30, 2024, UNF reached the target price resulting in a for traders who took a long position in the stock.

UNF's Stochastic Oscillator remains in oversold zone for 2 days

Be on the lookout for a price bounce soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UNF advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 236 cases where UNF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for UNF moved out of overbought territory on October 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on October 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UNF as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for UNF turned negative on October 08, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

UNF moved below its 50-day moving average on October 10, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UNF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

UNF broke above its upper Bollinger Band on October 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 85%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. UNF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.553) is normal, around the industry mean (27.010). P/E Ratio (28.338) is within average values for comparable stocks, (88.031). UNF's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.729). Dividend Yield (0.008) settles around the average of (0.038) among similar stocks. P/S Ratio (1.392) is also within normal values, averaging (11.835).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UNF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.

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UNF
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General Information

a provider of workplace uniforms, protective clothing, and facility services products

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
68 Jonspin Road
Phone
+1 978 658-8888
Employees
16000
Web
http://www.unifirst.com