HUM breaks key support level

Humana Inc. (HUM) Technical Analysis Report for Sep 14, 2018

Highlights

HUM breaks key support level
HUM ends the day on a bearish note closing near the low of the day
HUM closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 66% Bearish
Technical Forecast:

Overview

HUM ended the week 0.03% higher at 337.24 after losing $0.69 (-0.2%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for HUM

Volatility

Friday's trading range was $3.08 (0.91%), that's below last trading month's daily average range of $4.27. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking below the key support level at 337.56 today, it is now likely to act as resistance going forward.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Humana Inc.

Condition Forecast Direction Win Rate Exit Day Events
2 Consecutive Lower Closes TQ Pro Members Only
Close near low of period TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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