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Archive
- 11/8/2024 -
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UNM Group (UNM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the UNM Group (UNM). During the week, the UNM gained 5.30 points, or 8.27%, and closed at 69.42 on Friday, November 8, 2024. Weekly volume was 17% above average.
UNM is a member of Financials Sector. Financials is the most overbought 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 UNM long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 9.58 and reached 70.41 on November 6, 2024. UNM gained -60.83 points, or -634.97%, in 241 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (48.71) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend.
 Medium-term trend: [See UNM medium-term trend chart]
A medium-term uptrend had started on June 17, 2024 at 48.38 and reached 70.41 on November 6, 2024. UNM gained -22.03 points, or -45.54%, in 20 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See UNM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See UNM short-term trend chart]
A short-term uptrend had started on October 29, 2024 at 61.37 and reached 70.41 on November 6, 2024. UNM gained -9.04 points, or -14.73%, in 8 days. The price is now at the 10.95% retracement level.
 Daily Technical Indicators: [See UNM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Life & Health Insurance |
98 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
61.37 |
| Low Date |
10/29/2024 |
| High |
70.41 |
| High Date |
11/06/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
61.37 |
| Low Date |
10/29/2024 |
| High |
70.41 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
48.38 |
| Low Date |
06/17/2024 |
| High |
70.41 |
| High Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
41.75 |
| Low Date |
11/02/2023 |
| High |
70.41 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
61.19 |
| Support |
48.71 |
| Low |
9.58 |
| Low Date |
03/23/2020 |
| High |
70.41 |
| High Date |
11/06/2024 |
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