UNUM GROUP (UNM) Stock Technical Analysis
NYSE:UNM - New York Stock Exchange, Inc. - US91529Y1064 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to UNM. In the last year, UNM was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month UNM has a been trading in the 76.61 - 83.07 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that UNM is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, UNM also shows a nice and consistent pattern of rising prices.
UNM is one of the better performing stocks in the Insurance industry, it outperforms 87% of 143 stocks in the same industry.
UNM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UNM is performing more or less in line with the market.
UNM has an average volume of 1276100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
UNM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 77.11, a Stop Loss order could be placed below this zone.
More info and screens
58.28
84.17
4 important support areas can be observed.
- A support zone ranging from 76.24 to 77.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @58.87 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 78.86 to 80.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.29 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 | DOWN | NEGATIVE | The short term trend for UNM is down. |
| ChartMill Relative Strength | 87.99 | POSITIVE | UNM has a high relative strength, it outperformed 87.99% off all stocks 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) | 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) | 41.73 | NEUTRAL | The RSI value for UNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests UNM has a negative trend. |
| Stochastics (14,3) | 20.38 | 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) | 11.96 | 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 |
|---|---|---|---|
| 80.29 | 76.60 | 3.69 (4.60%) | 21.76% |
| An entry @80.29. This is a Buy Stop order right above the resistance zone. | An exit @76.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.69 points, which is 4.60%. | For a 1.00% total portfolio risk, you can invest 21.76% of your capital in this trade. |
- 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.
77.85
-1.01 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.28%
1 Week-1.21%
2 Weeks-5.22%
1 Month-5.25%
3 Month-4.29%
6 Month8.11%
12 Month53.1%
2 Year63.21%
3 Year128.84%
5 Year369.26%
10 Year117.76%
15 Year258.76%
Volatility
ATR(14)1.65
ATR(20)%2.02%
ATR Inc-0.45%
Range Today2.08
ADR(20)1.49
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.99
Mansfield0.82
10 Day High82.55
10 Day Low76.61
20 Day High83.07
20 Day Low76.61
52 Week High84.48
52 Week Low49.63
CS1 End77.11
CR1 Start78.86
Volume & EV
DER(3)1.58%
DER(5)2.93%
Volume1.65M
Volume Incr33.96%
Vol(5)1.29M
Vol(50)1.28M