Humana AB (publ) Stock Forecast
Humana AB (publ) stock price up 0.148% on Tuesday
(Updated on Jul 02, 2024)
The Humana AB (publ) stock price gained 0.148% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr33.85 to kr33.90. During the last trading day the stock fluctuated 2.99% from a day low at kr33.45 to a day high of kr34.45. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately kr2.16 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.14% during the next 3 months and, with a 90% probability hold a price between kr44.97 and kr50.14 at the end of this 3-month period.
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HUM.ST Signals & Forecast
The Humana AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr34.03. On a fall, the stock will find some support from the long-term average at approximately kr32.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, June 24, 2024, and so far it has fallen -5.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Humana AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr29.40 and kr28.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Humana AB (publ) finds support just below today's level at kr29.40. If this is broken, then the next support from accumulated volume will be at kr28.50 and kr27.85.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: kr31.92 (-5.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (HUM.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Humana AB (publ) to open at kr33.93, and during the day (based on 14 day Average True Range), to move between kr32.83 and kr34.97, which gives a possible trading interval of +/-kr1.07 (+/-3.16%) up or down from last closing price. If Humana AB (publ) takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr35.00 (3.24%) than the support at kr29.40 (13.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Humana AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Humana AB (publ) stock to perform well in the short-term.
Current score: 2.129 Buy Candidate Unchanged
Predicted Opening Price for Humana AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr33.93 ( 0.0983%) | kr33.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUM.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.93 | 3.05% |
| R2 | 34.55 | 1.92% |
| R1 | 34.32 | 1.23% |
| Price | 33.90 | |
| S1 | 33.55 | -1.03% |
| S2 | 33.32 | -1.72% |
| S3 | 32.93 | -2.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.55 | 4.87% |
| R2 | 35.35 | 4.28% |
| R1 | 35.00 | 3.24% |
| Price | 33.90 | |
| S1 | 29.40 | -13.27% |
| S2 | 28.50 | -15.93% |
| S3 | 27.85 | -17.85% |
HUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2019 | May 10, 2019 | May 10, 2019 | kr0.700 | 1.20% |
| 2 | May 19, 2017 | May 19, 2017 | May 19, 2017 | kr0.500 | 0.797% |
FAQ
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