HUM stuck within tight trading range


Technical Analysis Report for HUM - May 17, 2018 [1 min read]
Highlights
HUM finds buyers again around 289.54
HUM rises to highest close since May 1st
HUM stuck within tight trading range
HUM closes within previous day's range after lackluster session
HUM ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

HUM ended Thursday at 290.92 gaining $1.10 (0.38%) on low volume. Today's closing price of 290.92 marks the highest close since May 1st. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for HUM
Volatility

Thursday's trading range was $2.72 (0.94%), that's far below last trading month's daily average range of $5.78. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 287.82 and 292.26 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to a key support level at 288.63. After having been unable to move lower than 288.74 in the prior session, the stock found buyers again around the same price level today at 289.54.

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 299.85, upside momentum might speed up should the market be able to break out to new highs for the year. As prices are trading close to May's high at 297.07, upside momentum could accelerate should the share mark new highs for the month.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Low close to previous low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
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