Utz Brands, Inc. | UTZ

Daily Technical Analysis of Utz Brands, Inc.

Utz Brands is down a bit on the day, funds flowing out kept the price down -1.41% since yesterday. UTZ is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on that alone... Utz Brands hasn't looked that great recently. We may get more sellers coming in on supply zones, but maybe the buyers finally think it's a good deal, I guess we'll see.

If the price breaks through the resistance level it will probably move up to the $16.82 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $13.24 it may head back up from there or break lower.

Analyst Ratings for Utz Brands By Price Target And Rating

The analysts are pretty neutral on Utz Brands right now, so not much useful information here. The current Analysts Sentiment Score is 2.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Needham & Company LLC boosted their price targ by 7.32% to $22.00 on 2024-05-03. Royal Bank of Canada gave a boost to their price target and moved to $23.00 from $19.00 on 2024-05-03. Mizuho gave a boost to their price target and moved to $24.00 from $22.00 on 2024-05-03. Bank of America announced an upgrade on 2024-03-14 from Neutral to Buy and moved up their price target to $22.00 which is a 15.79% increase. Truist Financial decided to move up their price target on 2024-03-04 to $17.00 which is a 30.77% increase. DA Davidson initiated a rating of Neutral on 2024-03-01 and they set their price target at $20.00.Piper Sandler gave a boost to their price target and moved to $21.00 from $18.00 on 2024-03-01. On 2023-11-10 The Goldman Sachs Group lowered their price target by -10.53% to $17.00. Jefferies Financial Group initiated a rating of Buy on 2023-10-25 and provided a price target of $15.00. Stephens upgraded from Equal Weight to Overweight on 2023-10-23 but dropped their 1 year price target to $16.00 which is down from $18.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Utz Brands

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Utz Brands

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.