HUM breaks key support level
Humana Inc. (HUM) Technical Analysis Report for Sep 14, 2018
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.
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.
Breaking below the key support level at 337.56 today, it is now likely to act as resistance going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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||Direction||Win Rate||Win Rate||Exit Day||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|
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