(HUM) Investment Analysis

October 30, 2024, 01:36 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HUM

• Buy HUM near 233.93 target 286.53 stop loss @ 233.25 Details

The technical summary data tells us to buy HUM near 233.93 with an upside target of 286.53. This data also tells us to set a stop loss @ 233.25 to protect against excessive loss in case the stock begins to move against the trade. 233.93 is the first level of support below 257.77 , and by rule, any test of support is a buy signal. In this case, support 233.93 would be being tested, so a buy signal would exist.

• Short HUM slightly under 286.53, target 233.93, stop loss @ 287.36 Details

The technical summary data is suggesting a short of HUM as it gets near 286.53 with a downside target of 233.93. We should have a stop loss in place at 287.36though. 286.53 is the first level of resistance above 257.77, and by rule, any test of resistance is a short signal. In this case, if resistance 286.53 is being tested, so a short signal would exist.

Swing Trading Plans for HUM

• Buy HUM slightly over 265.67, target 286.53, Stop Loss @ 264.9 Details

If 265.67 begins to break higher, the technical summary data tells us to buy HUM just slightly over 265.67, with an upside target of 286.53. The data also tells us to set a stop loss @ 264.9 in case the stock turns against the trade. 265.67 is the first level of resistance above 257.77, and by rule, any break above resistance is a buy signal. In this case, 265.67, 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 slightly near 265.67, target 257.27, Stop Loss @ 266.44. Details

The technical summary data is suggesting a short of HUM if it tests 265.67 with a downside target of 257.27. We should have a stop loss in place at 266.44 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, 265.67, 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 259.14, target 264.09, Stop Loss @ 258.54 Details

If 259.14 begins to break higher, the technical summary data tells us to buy HUM just slightly over 259.14, with an upside target of 264.09. The data also tells us to set a stop loss @ 258.54 in case the stock turns against the trade. 259.14 is the first level of resistance above 257.77, and by rule, any break above resistance is a buy signal. In this case, 259.14, 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 slightly near 259.14, target 257.27, Stop Loss @ 259.74. Details

The technical summary data is suggesting a short of HUM if it tests 259.14 with a downside target of 257.27. We should have a stop loss in place at 259.74 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, 259.14, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Humana Inc. (HUM) available here: HUM.

HUM Ratings for October 30:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	233.93
P2	259.14	257.27	286.53
P3	264.09	265.67	339.79

AI Generated Signals for HUM

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With an objective approach to Humana Inc. (NYSE: HUM), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HUM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HUM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HUM too.  All of these are offered below the Summary Table.