USA A1 Trading Advice (C) | 13-Nov-2024 | Expected Gain 4%-6%

 BUY   Unum Group (NYSE: UNM)

Unum Group (NYSE: UNM) STOCK RECOMMENDATION

Idea BUY
Buy Range 69 – 71
Target 74 – 75
StopLoss* below 67
Duration 12-14 Trading Days
Potential Returns 4% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 69 – 71 74 – 75 below 67 12-14 Trading Days 4% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

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Unum Group (NYSE: UNM) STOCK OVERVIEW

Unum Group and its subsidiaries offer financial protection solutions mainly in the U.S., U.K., Poland, and globally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company provides group long-term and short-term disability, group life, and accidental death products, along with supplemental options like individual disability, voluntary benefits, and dental and vision coverage. Additionally, it offers accident, sickness, disability, life, cancer, and critical illness products, as well as group pensions, individual life, corporate-owned life insurance, and reinsurance services. Unum primarily markets its products to employers for employee benefits through field sales, independent brokers, and consultants. Founded in 1848, Unum Group is headquartered in Chattanooga, Tennessee.

Stock Data
NYSE Symbol UNM
Sectoral Index Insurance
52 Weeks High 71.42
52 Weeks Low 41.86

Unum Group (NYSE: UNM) - RELATIVE STRENGTH

UNM - RELATIVE STRENGTH

Relative Performance - Last 1 Year

Unum Group —     NYSE —

Unum Group (NYSE: UNM) - DAILY TECHNICAL ANALYSIS

UNM - DAILY TECHNICAL ANALYSIS
Unum Group (NYSE: UNM) - Technical Analysis (Daily)
  • The stock price previously consolidated, and after surpassing its established range, it experienced a initial surge but encountered resistance around the 58 level.
  • After pulling back to the previous breakout level, the price continued its upward trend and is currently at an all-time high.
  • This rally is expected to persist, pushing the price to even higher levels in the future.

Unum Group (NYSE: UNM) - RSI

UNM - RSI
Unum Group (NYSE: UNM) - RSI
  • Current RSI of this stock is 80.03, which indicates the strength of buyers.

Unum Group (NYSE: UNM) - MACD

UNM - RSI
Unum Group (NYSE: UNM) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Unum Group (NYSE: UNM) - ADX & DI

UNM - ADX & DI
Unum Group (NYSE: UNM) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Unum Group (NYSE: UNM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Unum Group stock price target will be USD 74 – USD 75 in the next 12-14 trading sessions.

Unum Group (NYSE: UNM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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