HUM closes higher for the 3rd day in a row
Humana Inc. (HUM) Technical Analysis Report for Oct 11, 2019 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, HUM ended the week 3.98% higher at 266.26 after gaining $5.11 (1.96%) today, outperforming the S&P 500 (1.09%).
Daily Candlestick Chart (HUM as at Oct 11, 2019):
Friday's trading range has been $6.41 (2.43%), that's slightly above the last trading month's daily average range of $6.36. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for HUM.
The market managed to close above the 20-day moving average at 264.36 for the first time since September 23rd. When this moving average was crossed above the last time on September 19th, HUM actually lost -0.41% on the following trading day.
Humana shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.
Among the three market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "3 Consecutive Higher Closes" stand out. Its common bullish interpretation has been confirmed for Humana. Out of 161 times, HUM closed higher 54.66% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 58.39% with an average market move of 0.67%.