Unum Group Stock Forecast
Unum Group stock price up 0.566% on Tuesday
(Updated on Jul 02, 2024)
The Unum Group stock price gained 0.566% on the last trading day (Tuesday, 2nd Jul 2024), rising from $51.20 to $51.49. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.35% from a day low at $51.04 to a day high of $51.73. The price has risen in 8 of the last 10 days and is up by 4.63% 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, 723 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $66.19 million.
The stock lies in the middle of a 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 -2.13% during the next 3 months and, with a 90% probability hold a price between $47.24 and $52.32 at the end of this 3-month period.
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UNM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.21%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unum Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $51.60. On a fall, the stock will find some support from the short-term average at $50.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Unum Group stock
Unum Group finds support from accumulated volume at $51.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.690 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Unum Group to open at $51.42, and during the day (based on 14 day Average True Range), to move between $50.71 and $52.27, which gives a possible trading interval of +/-$0.782 (+/-1.52%) up or down from last closing price. If Unum Group takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.69 (0.39%) than the support at $51.11 (0.74%), 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 Unum Group stock A Buy?
Unum Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.316 Sell Candidate Unchanged
Predicted Opening Price for Unum Group of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $51.42 ( 0.136%) | $51.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.11 | 1.20% |
| R2 | 51.85 | 0.692% |
| R1 | 51.68 | 0.376% |
| Price | 51.49 | |
| S1 | 51.16 | -0.648% |
| S2 | 50.99 | -0.96% |
| S3 | 50.73 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.09 | 3.11% |
| R2 | 51.87 | 0.738% |
| R1 | 51.69 | 0.388% |
| Price | 51.49 | |
| S1 | 51.11 | -0.738% |
| S2 | 50.30 | -2.31% |
| S3 | 50.25 | -2.41% |
UNM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 17, 2024 | $0.365 | 0.688% |
| 2 | Jan 12, 2024 | Jan 25, 2024 | Feb 16, 2024 | $0.365 | 0.749% |
| 3 | Oct 13, 2023 | Oct 26, 2023 | Nov 17, 2023 | $0.365 | 0.86% |
| 4 | Jul 14, 2023 | Jul 27, 2023 | Aug 18, 2023 | $0.365 | 0.748% |
| 5 | Apr 14, 2023 | Apr 27, 2023 | May 19, 2023 | $0.330 | 0.712% |
FAQ
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