Unum Technical Analysis (NYSE:UNM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Unum stock price data and volume are plotted in UNM stock charts and these trading charts form the basis of technical analysis.
See Unum bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Unum stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Unum Moving Average
Moving averages show the UNM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $38.8 is above the price of $38.53.
Unum Bollinger Bands
Bollinger bands comprise of a center line usually UNM SMA, and two UNM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Unum bollinger bands.
Unum Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Unum MACD indicator can be used to identify bullish and bearish trends for the stock.
Unum Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of UNM stock is 65.64.