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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Humana Inc. (HUM) Technical Analysis
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| Summary:
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| | It was the negative week for the Humana Inc. (HUM). During the week, the HUM dropped -5.92 points, or -2.24%, and closed at 258.48 on Friday, May 2, 2025. Weekly volume was 33% above average.
 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 158.85 and resistance is at 460.87. 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 uptrend had started on April 7, 2025 at 242.20 and reached 298.00 on April 14, 2025. HUM gained -55.80 points, or -23.04%, in 1 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 245.10 and resistance is at 272.17. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See HUM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 3, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 14, 2025 at 298.00 and reached 243.65 on April 21, 2025. HUM lost 54.35 points, or 18.24%, in 7 days. The price is now at the 27.29% retracement level.
Daily Technical Indicators: [See HUM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 17, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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