Humana Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Humana Inc stock price on Monday which ended trading at £8.02
(Updated on Apr 29, 2024)
The Humana Inc stock price fell by -0.99% on the last day (Monday, 29th Apr 2024) from £8.10 to £8.02. During the last trading day the stock fluctuated 11.39% from a day low at £7.90 to a day high of £8.80. The price has fallen in 6 of the last 10 days but is still up by 17.94% over the past 2 weeks. Volume has increased on the last day by 194 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £17.12 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.34% during the next 3 months and, with a 90% probability hold a price between £3.83 and £8.06 at the end of this 3-month period.
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HUM.L Signals & Forecast
The Humana Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £7.44 and £7.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Humana Inc stock
Humana Inc finds support from accumulated volume at £8.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.90 between high and low, or 11.39%. For the last week, the stock has had daily average volatility of 12.55%.
Our recommended stop-loss: £7.71 (-3.92%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (HUM.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Humana Inc to open at £8.24, and during the day (based on 14 day Average True Range), to move between £6.93 and £9.11, which gives a possible trading interval of +/-£1.09 (+/-13.56%) up or down from last closing price. If Humana Inc takes out the full calculated possible swing range there will be an estimated 27.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8.00 (0.25%) than the resistance at £8.10 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Humana Inc stock A Buy?
Humana Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.277 Hold/Accumulate Downgraded
Predicted Opening Price for Humana Inc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| £8.24 ( 2.74%) | £8.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.14 | 13.97 % | |
| R2 | 8.80 | 9.68 % | ||
| R1 | 8.58 | 7.03 % | ||
| Current price: | 8.02 | |||
| Support | S1 | 7.90 | -1.54 % | |
| S2 | 7.68 | -4.19 % | ||
| S3 | 7.34 | -8.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.40 | 17.21 % | |
| R2 | 8.60 | 7.23 % | ||
| R1 | 8.10 | 1.00 % | ||
| Current price | 8.02 | |||
| Support | S1 | 8.00 | -0.249% | |
| S2 | 7.00 | -12.72% | ||
| S3 | 6.50 | -18.95% |
FAQ
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