Technical Analysis:
Based on the latest trading data, UFPI shows a mixed technical picture with RSI at 50.02, indicating a neutral momentum . The stock is currently trading near its support level of $115.61.
News and Event Analysis:
- Upcoming Earnings Release: UFPI is set to announce Q4 2024 earnings on February 17th (today) after market close, with analysts expecting revenue of $1.45 billion and EPS of $1.26.
- Company Milestone: Recently celebrated its 70th anniversary on February 9th, 2025, marking a history of consistent profitability.
Institutional Activity:
- Mixed institutional sentiment with 194 investors increasing positions while 241 reducing holdings.
- Insider trading shows 2 sales and 0 purchases in the past 6 months, suggesting some caution from insiders.
Price Prediction for Next Week:
Based on technical indicators and Fibonacci levels:
- Resistance levels: $117.76 (R1), $119.31 (R2)
- Support levels: $112.75 (S1), $111.20 (S2)
Trading Recommendation:
SELL with a target price range of $111.20-$112.75 for the following reasons:
- Technical indicators show weakening momentum with MACD at -0.64
- Stock is trading below both 60-day SMA ($120.55) and 200-day SMA ($121.23)
- Insider selling activity suggests potential downside
- Upcoming earnings announcement poses significant event risk
Key Price Levels to Watch:
- Entry: Current price ($116.35)
- Target: $111.20 (S2)
- Stop-loss: $119.31 (R2)
Technical Analysis:
Based on the latest trading data, UFPI shows a mixed technical picture with RSI at 50.02, indicating a neutral momentum . The stock is currently trading near its support level of $115.61.
News and Event Analysis:
- Upcoming Earnings Release: UFPI is set to announce Q4 2024 earnings on February 17th (today) after market close, with analysts expecting revenue of $1.45 billion and EPS of $1.26.
- Company Milestone: Recently celebrated its 70th anniversary on February 9th, 2025, marking a history of consistent profitability.
Institutional Activity:
- Mixed institutional sentiment with 194 investors increasing positions while 241 reducing holdings.
- Insider trading shows 2 sales and 0 purchases in the past 6 months, suggesting some caution from insiders.
Price Prediction for Next Week:
Based on technical indicators and Fibonacci levels:
- Resistance levels: $117.76 (R1), $119.31 (R2)
- Support levels: $112.75 (S1), $111.20 (S2)
Trading Recommendation:
SELL with a target price range of $111.20-$112.75 for the following reasons:
- Technical indicators show weakening momentum with MACD at -0.64
- Stock is trading below both 60-day SMA ($120.55) and 200-day SMA ($121.23)
- Insider selling activity suggests potential downside
- Upcoming earnings announcement poses significant event risk
Key Price Levels to Watch:
- Entry: Current price ($116.35)
- Target: $111.20 (S2)
- Stop-loss: $119.31 (R2)