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Downtrend Broken Resist.Archive
- 9/22/2023 -
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Humana Inc. (HUM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the Humana Inc. (HUM). During the week, the HUM gained 23.29 points, or 4.95%, and closed at 494.06 on Friday, September 22, 2023. 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 price is near the trend resistance line (514.27). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See HUM medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 208.25 and reached 571.30 on November 3, 2022. HUM gained -363.05 points, or -174.33%, in 136 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 466.34 and resistance is at 639.90. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 August 11, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 9, 2023 at 541.21 and reached 423.29 on July 13, 2023. HUM lost 117.92 points, or 21.79%, in 65 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (468.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HUM may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See HUM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 and Williams' Percentage Range help.
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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