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Advanced TA SearchArchive
- 4/5/2024 -
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Humana Inc. (HUM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Humana Inc. (HUM). During the week, the HUM dropped -33.61 points, or -9.69%, and closed at 313.11 on Friday, April 5, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was 134% above average.
 Long-term trend: [See HUM long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 18.57 and reached 571.30 on November 3, 2022. HUM gained -552.73 points, or -2976.47%, in 713 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 280.00 and resistance is at 533.26. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See HUM medium-term trend chart]
A medium-term downtrend had started on November 3, 2022 at 571.30 and reached 299.23 on April 2, 2024. HUM lost 272.07 points, or 47.62%, in 73 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (340.28) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See HUM weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 8, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See HUM short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 354.00 and reached 299.23 on April 2, 2024. HUM lost 54.77 points, or 15.47%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See HUM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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