UNUM GROUP (UNM) Stock Technical Analysis
NYSE:UNM - New York Stock Exchange, Inc. - US91529Y1064 - Common Stock - Currency: USD
Taking everything into account, UNM scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UNM is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, UNM did better than 85% of all other stocks. We also observe that the gains produced by UNM over the past year are nicely spread over this period.
UNM is part of the Insurance industry. There are 145 other stocks in this industry. UNM outperforms 92% of them.
UNM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UNM is lagging the market slightly.
UNM has an average volume of 1194010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month UNM has a been trading in the 76.61 - 83.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UNM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 79.91, a Stop Loss order could be placed below this zone.
More info and screens
69.78
84.17
5 important support areas can be observed.
- A support zone ranging from 78.73 to 79.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.07 to 77.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @75.68 from a trend line in the daily time frame.
- Support @73.77 from a horizontal line in the daily time frame.
- A support zone ranging from 70.48 to 71.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 80.20 to 80.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 82.29 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 | UP | POSITIVE | The long term trend for UNM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNM is neutral. |
| ChartMill Relative Strength | 85.58 | POSITIVE | UNM has a high relative strength, it outperformed 85.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UNM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.24 | NEUTRAL | The RSI value for UNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UNM has a negative trend. |
| Stochastics (14,3) | 39.94 | NEUTRAL | The Stochastics value for UNM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for UNM suggests low volalility. |
| Average Directional Index/ADX (14) | 10.37 | NEGATIVE | The low ADX value for UNM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.92 | 79.04 | 1.88 (2.32%) | 25.00% |
| An entry @80.92. This is a Buy Stop order right above the resistance zone. | An exit @79.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.88 points, which is 2.32%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of UNM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.04
-0.43 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.53%
1 Week-2.53%
2 Weeks0.43%
1 Month1.75%
3 Month6.35%
6 Month11.48%
12 Month54.16%
2 Year64.66%
3 Year148.65%
5 Year364.54%
10 Year123.33%
15 Year250.75%
Volatility
ATR(14)1.54
ATR(20)%1.93%
ATR Inc-0.63%
Range Today1.46
ADR(20)1.49
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.58
Mansfield0.46
10 Day High83.13
10 Day Low79.05
20 Day High83.13
20 Day Low76.61
52 Week High84.48
52 Week Low51.8
CS1 End79.91
CR1 Start80.2
Volume & EV
DER(3)-4.77%
DER(5)-3.81%
Volume1.08M
Volume Incr-12.04%
Vol(5)1.20M
Vol(50)1.19M