UNUM GROUP (UNM)

US91529Y1064 - Common Stock

49.55  +0.57 (+1.16%)

Technical Rating and Analysis

7

Taking everything into account, UNM scores 7 out of 10 in our technical rating. UNM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long and short term trends are both positive. This is looking good!
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.
In the last month UNM has a been trading in the 46.39 - 49.98 range, which is quite wide. It is currently trading near the high of this range.
UNM has an average volume of 1399500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UNM did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
UNM is an average performer in the Insurance industry, it outperforms 68% of 142 stocks in the same industry.
Weekly and Daily overview Charts
UNM Weekly chart
UNM Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, UNM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

41.65

50.90

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 47.87 to 49.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @44.98 from a trend line in the weekly time frame.
  • A support zone ranging from 42.07 to 42.79. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 50.33 to 50.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.71
Mansfield-0.49
10 Day High49.56
10 Day Low46.64
20 Day High49.98
20 Day Low46.39
52 Week High52.15
52 Week Low36.27
Performance
1 Week2%
2 Weeks3.05%
1 Month4.9%
3 Month13.46%
6 Month0%
12 Month9.72%
2 Year75.43%
3 Year84.97%
5 Year31.1%
10 Year40.83%
15 Year381.14%
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)66.78
LBB46.65
UBB49.4
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
49.0247.861.16 (2.37%)25.00%
An entry @49.02. This is a Buy Stop order right above the resistance zone.An exit @47.86. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.16 points, which is 2.37%.For a 0.59% 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.
UNM Daily chart

UNUM GROUP

NYSE:UNM (2/22/2024, 1:39:35 PM)

49.55

+0.57 (+1.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.16%
1 Week2%
2 Weeks3.05%
1 Month4.9%
3 Month13.46%
6 Month0%
12 Month9.72%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.9
ATR(20)%1.85%
ATR Inc
Range Today0.82
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High49.56
10 Day Low46.64
20 Day High49.98
20 Day Low46.39
52 Week High52.15
52 Week Low36.27
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume446.95K
Volume Incr-19.58%
Vol(5)1.23M
Vol(50)1.40M