RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UNM
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Evaluation of Unum Group stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 18, 2023 Gain 21.29% PDF

The Unum Group stock price fell by -0.0745% on the last day (Thursday, 28th Mar 2024) from $53.70 to $53.66. During the last trading day the stock fluctuated 0.97% from a day low at $53.45 to a day high of $53.97. The price has risen in 6 of the last 10 days and is up by 3.89% over the past 2 weeks. Volume has increased on the last day by 328 thousand 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, 1 million shares were bought and sold for approximately $66.36 million.

The stock lies in the upper part of a narrow 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 $53.83 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.02% during the next 3 months and, with a 90% probability hold a price between $61.20 and $63.54 at the end of this 3-month period.

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UNM Signals & Forecast

The Unum Group 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 $53.07 and $50.45. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0745%. 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 Unum Group stock

On the downside, the stock finds support just below today's level from accumulated volume at $49.45 and $48.34. 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, Unum Group finds support just below today's level at $49.45. If this is broken, then the next support from accumulated volume will be at $48.34 and $47.09.

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 $0.520 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.

The Unum Group 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: $52.35 (-2.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (UNM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Unum Group to open at $53.69, and during the day (based on 14 day Average True Range), to move between $52.89 and $54.43, which gives a possible trading interval of +/-$0.774 (+/-1.44%) up or down from last closing price. If Unum Group takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $53.70 (0.07%) than the support at $49.45 (7.85%), 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?

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 Unum Group stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.956 Buy Candidate Downgraded

Predicted Opening Price for Unum Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$53.69 ( 0.0623%) $53.66

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
Resistance R3 54.21 1.03 %
R2 54.01 0.661 %
R1 53.89 0.432 %
Current price: 53.66
Support S1 53.49 -0.308 %
S2 53.37 -0.536 %
S3 53.17 -0.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 53.70 0.0745 %
Current price 53.66
Support S1 49.45 -7.85%
S2 48.34 -9.91%
S3 47.09 -12.24%

UNM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 12, 2024 Jan 25, 2024 Feb 16, 2024 $0.365 0.749%
2 Oct 13, 2023 Oct 26, 2023 Nov 17, 2023 $0.365 0.86%
3 Jul 14, 2023 Jul 27, 2023 Aug 18, 2023 $0.365 0.748%
4 Apr 14, 2023 Apr 27, 2023 May 19, 2023 $0.330 0.712%
5 Jan 13, 2023 Jan 26, 2023 May 19, 2023 $0.330 0.712%

FAQ

What is the symbol for Unum Group Stock and on which exchange is it traded?
The symbol for Unum Group is UNM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Unum Group Stock?
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 Unum Group stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Unum Group Stock?
Unum Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Unum Group Stock.

What's the current price of Unum Group Stock?
As of the end of day on the 2024-03-28, the price of an Unum Group (UNM) share was $53.66.

What is the 52-week high and low for Unum Group Stock?
The 52-week high for Unum Group Stock is $53.97 and the 52-week low is $38.34.

What is the market capitalization of Unum Group Stock?
As of the 2024-03-28, the market capitalization of Unum Group is 10.277B.

When is the next earnings date for Unum Group?
The upcoming earnings date for Unum Group is May 07, 2024.
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About Unum Group

Unum Group Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary be... UNM Profile

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