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HUM climbs to highest close since January 29th


Technical Analysis Report for HUM - Apr 16, 2018 [< 1 min read]
Highlights
HUM closes below its opening price unable to hold early session gains
HUM closes higher for the 3rd day in a row
HUM pushes through previous session high
HUM rises to highest close since January 29th
HUM ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, HUM finished Monday at 289.95 gaining $2.33 (0.81%). Today's closing price of 289.95 marks the highest close since January 29th. Trading $1.93 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing above Friday's high at 288.95, Humana Inc. confirms its breakout through the prior session's high having traded $2.98 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for HUM
Volatility

Monday's trading range was $2.95 (1.02%), that's far below last trading month's daily average range of $5.71. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to a key support level at 288.63.

Trend

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

Order Flow

With prices trading close to this year's high at 292.80, upside momentum might speed up should the stock be able to break out to new highs for the year.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed above last periods high TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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