Unum Group Forecast and Stock Analysis
Technical UNM stock analysis for March 15, 2019.
|Shorts||2.18% ( 2019-02-28 )|
Unum Group gained 0.55% in the last trading day, rising from $36.18 to $36.38 , and has now gained 3 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. The price has fallen in 6 of the last 10 days and is down by -3.42% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.08 million more shares were traded than the day before. In total, 3.62 million shares bought and sold for approximately $131.63 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the UNM stock was $36.38. This is 0.55% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.68% from a day low at $36.08 to a day high of $36.69.
30 day high of the UNM stock price was $38.29 and low was $35.49.
90 day high was $38.29 and low was $26.77.
52 week high for the Unum Group - $51.17 and low - $26.77.
Unum Group lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $35.78 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.83% during the next 3 months and, with 90% probability hold a price between $46.45 and $52.64 at the end of this period.
Only positive signals in the chart today. Unum Group holds buy signals from both short- and long-term moving averages. In addition, 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 $36.16 and $36.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Unum Group finds support from accumulated volume at $34.76.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.61 (1.68%) between high and low. For the last week, the stock has had a daily average volatility of 1.23%.
Unum Group is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $34.07 (-6.36%) (This stock has low daily movements and this gives low risk. Low RSI14 is 28 which reduces the risk some. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Unum Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.