Humana AB (publ) Stock Forecast
Green day on Friday for Humana AB (publ) stock after gaining 1.15%
(Updated on May 10, 2024)
The Humana AB (publ) stock price gained 1.15% on the last trading day (Friday, 10th May 2024), rising from kr30.45 to kr30.80. During the last trading day the stock fluctuated 2.81% from a day low at kr30.30 to a day high of kr31.15. The price has risen in 6 of the last 10 days and is up by 19.84% 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, 65 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately kr3.19 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr31.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.91% during the next 3 months and, with a 90% probability hold a price between kr29.39 and kr35.85 at the end of this 3-month period.
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HUM.ST Signals & Forecast
Mostly positive signals in the chart today. The Humana AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr30.19 and kr26.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 31.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Humana AB (publ) stock
Humana AB (publ) finds support from accumulated volume at kr29.40 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 kr0.85 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.13%.
The Humana AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr29.74 (-3.44%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (HUM.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Humana AB (publ) to open at kr30.75, and during the day (based on 14 day Average True Range), to move between kr29.90 and kr31.70, which gives a possible trading interval of +/-kr0.90 (+/-2.92%) up or down from last closing price. If Humana AB (publ) takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr29.40, some kr1.40 (4.55%) from the current price of kr30.80, our system finds the risk reward attractive.
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: 4.590 Buy Candidate Unchanged
Predicted Opening Price for Humana AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr30.75 ( 0.162%) | kr30.80 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 31.60 | 2.60 % | |
| R2 | 31.28 | 1.54 % | ||
| R1 | 31.07 | 0.89 % | ||
| Current price: | 30.80 | |||
| Support | S1 | 30.43 | -1.22 % | |
| S2 | 30.22 | -1.87 % | ||
| S3 | 29.90 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 30.80 | |||
| Support | S1 | 29.40 | -4.55% | |
| S2 | 27.85 | -9.58% | ||
| S3 | 27.15 | -11.85% |
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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