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
Humana Inc stock price ended at £8.00 on Tuesday, after losing 0.249%.
(Updated on Apr 30, 2024)
The Humana Inc stock price fell by -0.249% on the last day (Tuesday, 30th Apr 2024) from £8.02 to £8.00. During the last trading day the stock fluctuated 9.32% from a day low at £7.50 to a day high of £8.20. The price has fallen in 7 of the last 10 days but is still up by 14.29% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 911 thousand shares were bought and sold for approximately £7.28 million.
The stock lies the upper part of a very wide and falling 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 £8.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.05% during the next 3 months and, with a 90% probability hold a price between £3.63 and £6.10 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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. 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 £7.62 and £7.61. A breakdown below any of these levels will issue sell signals. 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 -6.98%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Humana Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £7.00 and £6.80. 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 Inc finds support just below today's level at £7.00. If this is broken, then the next support from accumulated volume will be at £6.80 and £6.50.
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 £0.699 between high and low, or 9.32%. For the last week, the stock has had daily average volatility of 11.55%.
Our recommended stop-loss: £7.61 (-4.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (HUM.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Humana Inc to open at £7.90, and during the day (based on 14 day Average True Range), to move between £6.94 and £9.06, which gives a possible trading interval of +/-£1.06 (+/-13.24%) up or down from last closing price. If Humana Inc takes out the full calculated possible swing range there will be an estimated 26.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £8.10 (1.25%) than the support at £7.00 (12.50%), 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 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.
Current score: 0.624 Hold/Accumulate Unchanged
Predicted Opening Price for Humana Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £7.90 ( 1.25%) | £8.00 |
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 | 8.60 | 7.48 % | |
| R2 | 8.33 | 4.15 % | ||
| R1 | 8.17 | 2.08 % | ||
| Current price: | 8.00 | |||
| Support | S1 | 7.63 | -4.59 % | |
| S2 | 7.47 | -6.65 % | ||
| S3 | 7.20 | -9.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.40 | 17.50 % | |
| R2 | 8.60 | 7.50 % | ||
| R1 | 8.10 | 1.25 % | ||
| Current price | 8.00 | |||
| Support | S1 | 7.00 | -12.50% | |
| S2 | 6.80 | -15.00% | ||
| S3 | 6.50 | -18.75% |
FAQ
Click here for our free guide on how to buy Humana Inc Stock.
