Humana Inc Stock Forecast
Big movements in Humana Inc stock price on Wednesday moving 10.60% between high and low
(Updated on Apr 17, 2024)
The Humana Inc stock price fell by -1.43% on the last day (Wednesday, 17th Apr 2024) from £7.00 to £6.90. During the last trading day the stock fluctuated 10.60% from a day low at £6.60 to a day high of £7.30. The price has risen in 6 of the last 10 days and is up by 2.99% 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 -4 million shares and in total, 842 thousand shares were bought and sold for approximately £5.81 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 -17.53% during the next 3 months and, with a 90% probability hold a price between £4.29 and £8.73 at the end of this 3-month period.
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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 £7.62 and £8.14. 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 -19.77%. Further fall is indicated until a new bottom pivot has been found. 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
Humana Inc finds support from accumulated volume at £6.80 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 £0.700 between high and low, or 10.60%. For the last week, the stock has had daily average volatility of 21.06%.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Humana Inc to open at £6.93, and during the day (based on 14 day Average True Range), to move between £5.71 and £8.09, which gives a possible trading interval of +/-£1.19 (+/-17.20%) up or down from last closing price. If Humana Inc takes out the full calculated possible swing range there will be an estimated 34.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7.00 (1.45%) than the support at £6.80 (1.45%), 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 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.
Current score: -4.969 Sell Candidate Unchanged
Predicted Opening Price for Humana Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £6.93 ( 0.483%) | £6.90 |
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 | 7.63 | 10.63 % | |
| R2 | 7.37 | 6.75 % | ||
| R1 | 7.20 | 4.36 % | ||
| Current price: | 6.90 | |||
| Support | S1 | 6.67 | -3.39 % | |
| S2 | 6.50 | -5.78 % | ||
| S3 | 6.23 | -9.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.10 | 17.39 % | |
| R2 | 8.00 | 15.94 % | ||
| R1 | 7.00 | 1.45 % | ||
| Current price | 6.90 | |||
| Support | S1 | 6.80 | -1.45% | |
| S2 | 6.50 | -5.80% | ||
| S3 | 5.92 | -14.20% |
FAQ
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