Humana AB (Sweden) Technical Analysis

HUM Stock  SEK 36.65  0.45  1.21%   
As of the 10th of December, Humana AB retains the Downside Deviation of 1.95, market risk adjusted performance of 0.5264, and Risk Adjusted Performance of 0.0688. Humana AB technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.

Humana AB Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Humana, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Humana
  
Humana AB's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Humana AB technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Humana AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Humana AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Humana AB Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Humana AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Humana AB Trend Analysis

Use this graph to draw trend lines for Humana AB. You can use it to identify possible trend reversals for Humana AB as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Humana AB price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Humana AB Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Humana AB applied against its price change over selected period. The best fit line has a slop of   0.07  , which means Humana AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 206.2, which is the sum of squared deviations for the predicted Humana AB price change compared to its average price change.

About Humana AB Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Humana AB on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Humana AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Humana AB price pattern first instead of the macroeconomic environment surrounding Humana AB. By analyzing Humana AB's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Humana AB's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Humana AB specific price patterns or momentum indicators. Please read more on our technical analysis page.

Humana AB December 10, 2024 Technical Indicators

Most technical analysis of Humana help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Humana from various momentum indicators to cycle indicators. When you analyze Humana charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Humana AB December 10, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Humana stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Additional Tools for Humana Stock Analysis

When running Humana AB's price analysis, check to measure Humana AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Humana AB is operating at the current time. Most of Humana AB's value examination focuses on studying past and present price action to predict the probability of Humana AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Humana AB's price. Additionally, you may evaluate how the addition of Humana AB to your portfolios can decrease your overall portfolio volatility.