We Compared Primo Water Corporation ($PRMW) and United Natural Foods, Inc. ($UNFI)

2019-08-20 | Welcome! Today we compared how two different stocks in the Food Distributors industry are trading: Primo Water Corporation and United Natural Foods, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Primo Water Corporation opened at 12.73, got to a maximum price of 12.8 and dropped to as low as 12.55 before finishing the session at 12.57. In total there were 185200 shares traded, which is enough to conduct our analysis. Compare that now to United Natural Foods, Inc., which opened at 7.59, had a high of 8.02, a low of 6.75, closed at 7.9 and had a total volume of 810600.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Primo Water Corporation United Natural Foods, Inc.
Accumulation-distribution index 103.64791 53.29766
on-balance volume -12.61 7.11
chaikin money flow

6.14286 4.90698
force index

0.1248 -0.108
ease of movement rating

0.00779 0.03829
volume-price trend

-0.56638 -2.71744
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Primo Water Corporation United Natural Foods, Inc.
Average true range 0.30989 0.40753
Bolinger bands 12.9614 6.75
Upper bollinger band 11.6886 6.75
Lower bollinger band

12.55 6.75
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

12.69333 7.45333
High band keltner channel

12.62333 7.02333
Low band keltner channel

12.76333 7.88333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

12.55 6.75
Donchain channel low band

12.55 6.75
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Primo Water Corporation United Natural Foods, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.01083
MACD signal -0.00561 0.00367
MACD difference -0.00449 0.00716
fast Exponential Moving Average (EMA) indicator

12.55 6.75
slow Exponential Moving Average (EMA) indicator

12.55 6.75
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.43306 0.20565

-1.15684 -27.00256
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

0.63171 3.63212
KST Oscillator (KST)

-47.92308 -349.8439
KST Oscillator (KST Signal)

-47.92308 -349.8439
KST difference

-8.53455 5.41797
Ichimoku rating

12.765 7.805
Ichimoku B rating

12.765 7.805
Ichimoku visual trend A

13.28545 10.31906
Ichimoku visual trend B

13.12288 9.52238
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 12.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Primo Water Corporation United Natural Foods, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 32.4516 47.8874
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-65.49509 -53.76522
stochastic oscillator

357.14286 295.34884
stochastic oscillator signal

357.14286 295.34884
Williams %R rating

257.14286 195.34884
awesome oscillator

-0.06252 -0.006

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Primo Water Corporation and United Natural Foods, Inc..

Daily return -4.79231 -34.98439
Daily log return -3.65152 4.34851
Cumulative return -3.58566 4.44444

So there you have it: our deep, grueling analysis comparing Primo Water Corporation and United Natural Foods, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Primo Water Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether PRMW is strong or weak. Again – this is not a reliable indication of whether Primo Water Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with United Natural Foods, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

Gary Ivenchuck

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