UNUM GROUP (UNM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UNM - US91529Y1064 - Common Stock
We assign a technical rating of 1 out of 10 to UNM. UNM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month UNM has a been trading in the 75.07 - 81.16 range, which is quite wide. It is currently trading near the lows of this range.
- UNM has an average volume of 1309270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, UNM outperforms 43% of them, which is more or less in line with the market.
- UNM is part of the Insurance industry. There are 149 other stocks in this industry, UNM did better than 62% of them.
- UNM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UNM is lagging the market.
UNM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 74.38, a Stop Loss order could be placed below this zone.
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67.86
2 important support areas can be observed.
- A support zone ranging from 73.69 to 74.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 68.55 to 68.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 76.49 to 79.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.16 to 83.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for UNM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UNM is down. |
| ChartMill Relative Strength | 43.39 | NEUTRAL | UNM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UNM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UNM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UNM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.54 | NEUTRAL | The RSI value for UNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests UNM has a negative trend. |
| Stochastics (14,3) | 24.79 | NEUTRAL | The Stochastics value for UNM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for UNM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for UNM suggests a weak or negative trend. |
76.1
-0.84 (-1.09%)
UNUM GROUP / UNM FAQ
Can you provide the ChartMill technical rating for UNUM GROUP?
ChartMill assigns a technical rating of 1 / 10 to UNM.
What is the current trend direction of UNUM GROUP (UNM) stock?
The current trend direction for UNUM GROUP (UNM) is Bearish.
What is the RSI signal for UNUM GROUP (UNM) stock?
UNUM GROUP (UNM) has an RSI value of 42.542. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for UNUM GROUP?
UNUM GROUP (UNM) has a support level at 74.38 and a resistance level at 76.49. Check the full technical report for our detailed analysis of UNM support and resistance levels.