UNM closes higher for the 3rd day in a row
Unum Group (UNM) Technical Analysis Report for Mar 26, 2020 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, UNM ended Thursday at 15.88 gaining $1.25 (8.54%), significantly outperforming the S&P 500 (6.24%).
Daily Candlestick Chart (UNM as at Mar 26, 2020):
Thursday's trading range has been $1.89 (12.65%), that's slightly above the last trading month's daily average range of $1.76. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for UNM.
Prices are trading close to the key technical resistance level at 16.55 (R1).
While the market is experiencing a short-term uptrend, this could just be a correction, as both the medium and long-term trends are still bearish.