UNUM GROUP (NYSE:UNM) - A Strong Technical Setup With Breakout Potential

UNUM GROUP (NYSE:UNM) has been identified as a strong technical breakout candidate by our stock screener. The insurance provider shows a high technical rating and a solid setup pattern, suggesting potential for further upside.

Technical Strength

• High Technical Rating (9/10): UNM scores well above average, indicating strong technical health. Both long-term and short-term trends are positive.
• Relative Strength: The stock outperforms 87% of all stocks in the market and ranks in the top 8% of its industry.
• Support Levels: Multiple support zones exist between $77.07 and $79.95, providing a cushion against downside moves.
• 52-Week High Proximity: Trading near its yearly high, UNM shows sustained upward momentum.

Setup Quality

• Consolidation Pattern: Prices have been consolidating in a range between $76.61 and $82.55, forming a potential base for a breakout.
• Resistance Breakout Point: A clear resistance zone starts at $82.29. A move above this level could signal further gains.
• Pocket Pivot Signal: Recent volume patterns suggest accumulation, reinforcing the bullish case.
• Stop-Loss Level: A logical exit point sits just below $78.91, keeping risk manageable.

For a deeper look at the technicals, see the full technical report for UNM.

Our Technical Breakout Setups screener updates daily with new potential breakout candidates.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making trading decisions.