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Downtrend Broken Resist.Archive - 10/18/2024 - Sign In to see current Signals. |
Humana Inc. (HUM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Humana Inc. (HUM). During the week, the HUM gained 9.07 points, or 3.51%, and closed at 267.14 on Friday, October 18, 2024. Weekly volume was 86% above average. HUM is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See HUM long-term trend chart] A long-term downtrend had started on November 3, 2022 at 571.30 and reached 213.31 on October 2, 2024. HUM lost 357.99 points, or 62.66%, in 99 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 234.28 and resistance is at 483.85. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend. Medium-term trend: [See HUM medium-term trend chart] A medium-term downtrend had started on July 18, 2024 at 406.46 and reached 213.31 on October 2, 2024. HUM lost 193.15 points, or 47.52%, in 10 weeks. The price is now at the 27.87% retracement level. Weekly Technical Indicators: [See HUM weekly technical indicators chart] Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help. The weekly MACD line is below its signal line since September 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help. Short-term trend: [See HUM short-term trend chart] A short-term uptrend had started on October 2, 2024 at 213.31 and reached 271.90 on October 18, 2024. HUM gained -58.59 points, or -27.47%, in 16 days. The price is now at the 8.12% retracement level. Daily Technical Indicators: [See HUM daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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. The distance between the Bollinger Bands is 189.83% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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