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Archive
- 4/19/2024 -
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Humana Inc. (HUM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Humana Inc. (HUM). During the week, the HUM gained 15.74 points, or 5.04%, and closed at 328.33 on Friday, April 19, 2024. It was the best weekly gain since February 2, 2024. HUM was trading at average weekly trading volume.
 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 280.69 and resistance is at 534.67. 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 price is near the trend support (335.77) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See HUM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 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 uptrend had started on April 2, 2024 at 299.23 and reached 331.00 on April 18, 2024. HUM gained -31.77 points, or -10.62%, in 16 days. The price is now at the 8.40% 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 moved above the moving average in the center of the Bollinger Bands. 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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