Learn to Evaluate Humana (HUM) using the Charts

September 01, 2021, 01:15 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Humana (NYSE: HUM) report below can help you understand how to do this. The trading plans for HUM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for HUM

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short HUM under 410.60, target n/a, stop loss @ 411.79 Details

The technical summary data is suggesting a short of HUM as it gets near 410.60, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 411.79. 410.60 is the first level of resistance above 405.42, and by rule, any test of resistance is a short signal. In this case, if resistance 410.60 is being tested, so a short signal would exist.

Swing Trading Plans for HUM

• Buy HUM slightly over 410.60, target 412.85, Stop Loss @ 409.41 Details

If 410.60 begins to break higher, the technical summary data tells us to buy HUM just slightly over 410.60, with an upside target of 412.85. The data also tells us to set a stop loss @ 409.41 in case the stock turns against the trade. 410.60 is the first level of resistance above 405.42, and by rule, any break above resistance is a buy signal. In this case, 410.60, 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 410.60, target 405.23, Stop Loss @ 411.79. Details

The technical summary data is suggesting a short of HUM if it tests 410.60 with a downside target of 405.23. We should have a stop loss in place at 411.79 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, 410.60, 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 406.45, target 410.60, Stop Loss @ 405.5 Details

If 406.45 begins to break higher, the technical summary data tells us to buy HUM just slightly over 406.45, with an upside target of 410.60. The data also tells us to set a stop loss @ 405.5 in case the stock turns against the trade. 406.45 is the first level of resistance above 405.42, and by rule, any break above resistance is a buy signal. In this case, 406.45, 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 406.45, target 405.23, Stop Loss @ 407.4. Details

The technical summary data is suggesting a short of HUM if it tests 406.45 with a downside target of 405.23. We should have a stop loss in place at 407.4 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, 406.45, 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 September 01:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	410.60
P2	401.28	405.23	436.20
P3	406.45	412.85	465.07

Support and Resistance Plot Chart for HUM

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.