How the price action of Humana (HUM) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for HUM
  • Buy HUM slightly over 474.37 target n/a stop loss @ 473. Details
  • The technical summary data tells us to buy HUM near 474.37, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 473 to protect against excessive loss in case the stock begins to move against the trade. 474.37 is the first level of support below 495.31, and by rule, any test of support is a buy signal. In this case, if support 474.37 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for HUM
  • Buy HUM slightly over 497.41, target n/a, Stop Loss @ 495.97 Details
  • If 497.41 begins to break higher, the technical summary data tells us to buy HUM just slightly over 497.41, with an upside target of n/a. The data also tells us to set a stop loss @ 495.97 in case the stock turns against the trade. 497.41 is the first level of resistance above 495.31, and by rule, any break above resistance is a buy signal. In this case, 497.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HUM near 497.41, target 482.37, Stop Loss @ 498.85. Details
  • The technical summary data is suggesting a short of HUM if it tests 497.41 with a downside target of 482.37. We should have a stop loss in place at 498.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 497.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HUM
  • Buy HUM slightly over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy HUM just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 495.31, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HUM near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of HUM if it tests n/a with a downside target of n/a. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HUM Ratings for July 20:

Term →Near Mid Long
Rating Neutral Strong Neutral
P1 0 0 406.60
P2 485.40 482.37 441.86
P3 499.69 497.41 474.37

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HUM Long Term Analysis for July 20 2022


HUM Swing Trading Analysis for July 20 2022

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Humana (NYSE: HUM) data table below can help you with price action, and we have more details too. Trading plans for HUM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.