Humana Inc Stock Forecast
Big movements in Humana Inc stock price on Monday moving 41.67% between high and low
(Updated on Apr 15, 2024)
The Humana Inc stock price fell by -18.07% on the last day (Monday, 15th Apr 2024) from £8.30 to £6.80. During the last trading day the stock fluctuated 41.67% from a day low at £6.00 to a day high of £8.50. The price has risen in 6 of the last 10 days and is up by 20.57% over the past 2 weeks. Volume has increased on the last day by 4 million 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, 5 million shares were bought and sold for approximately £32.12 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 -20.26% during the next 3 months and, with a 90% probability hold a price between £4.22 and £6.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
HUM.L Signals & Forecast
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. The Humana Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £7.67 and £8.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -20.93%. 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 £6.50 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £2.50 between high and low, or 41.67%. For the last week, the stock has had daily average volatility of 20.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUM.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Humana Inc to open at £7.10, and during the day (based on 14 day Average True Range), to move between £5.59 and £8.01, which gives a possible trading interval of +/-£1.21 (+/-17.74%) up or down from last closing price. If Humana Inc takes out the full calculated possible swing range there will be an estimated 35.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £6.50 (4.41%) than the resistance at £7.30 (7.35%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -8.022 Strong Sell Candidate Downgraded
Predicted Opening Price for Humana Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £7.10 ( 4.41%) | £6.80 |
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 | 9.60 | 41.18 % | |
| R2 | 8.65 | 27.13 % | ||
| R1 | 8.06 | 18.46 % | ||
| Current price: | 6.80 | |||
| Support | S1 | 6.15 | -9.63 % | |
| S2 | 5.56 | -18.31 % | ||
| S3 | 4.60 | -32.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.10 | 19.12 % | |
| R2 | 8.00 | 17.65 % | ||
| R1 | 7.30 | 7.35 % | ||
| Current price | 6.80 | |||
| Support | S1 | 6.50 | -4.41% | |
| S2 | 5.92 | -12.94% | ||
| S3 | 5.70 | -16.18% |
FAQ
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