UNM Price Prediction Next Week
Technical Analysis: UNM is currently trading at $78.39 in pre-market with a +1.87% gain. The RSI(14) reading of 61.29 indicates moderate bullish momentum without being overbought. The MACD shows a positive value of 1.00, suggesting upward momentum.
Fibonacci Levels for Next Week:
- Resistance 3: $82.07
- Resistance 2: $80.01
- Resistance 1: $78.73
- Pivot: $76.66
- Support 1: $74.60
- Support 2: $73.32
- Support 3: $71.25
News Impact:
- Truist raised price target to $90 from $75, maintaining Buy rating due to strong quarterly results and increased earnings estimates
- Bank of America maintains Hold rating with consensus price target of $83.70, indicating 10.20% upside potential
- Q4 earnings showed revenue growth of 2.9% to $3.236 billion, though EPS missed estimates
- Negative insider sentiment with increased selling activity, including CEO's sale of 58,865 shares
Price Prediction for Next Week: Based on technical indicators and recent news, UNM is likely to trade between $76.66 and $80.01. The stock should continue its upward momentum due to:
- Strong institutional support with raised price targets
- Positive pre-market movement
- Healthy technical indicators
Target prices:
- Bullish scenario: $80.01 (Fibonacci R2)
- Base case: $78.73 (Fibonacci R1)
- Bearish scenario: $76.66 (Pivot)
Recommendation: BUY with entry point at current pre-market price ($78.39) or any pullback to $76.66. Set stop loss at $74.60 (S1) and take profit at $80.01 (R2).
UNM Similar Chart Price Prediction
The price of UNM is predicted to go up 5.13%, based on the high correlation periods with MTB. The similarity of these two price pattern on the periods is 97.82%.
UNM
MTB
Up: 5.13%Similarity: 97.82%
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UNM Analyst's Forecast
Elyse Greenspan
Wells Fargo
Buy
2025-01-14
Price Target
$74 → $81
Upside
+10.99%
Wells Fargo analyst Elyse Greenspan raised the firm's price target on Unum Group to $81 from $74 and keeps an Overweight rating on the shares. Discussing the insurance industry, Wells notes that for non-life insurance, the focus remains on cats, pricing, loss trend, reserves and margins. Domestically Q4 cats are above normal due to Milton, with international losses from Spanish floods. For Life insurance, the focus is on sales growth, rate commentary, Group results, and guides. Sales growth should continue to get attention, while group results are trending well, and life companies continue to return capital. Meanwhile, Brokers should continue to see good organic growth, the firm adds.
Jimmy Bhullar
JP Morgan
Buy → Hold
2025-01-07
Price Target
$74 → $79
Upside
+7.67%
Alex Scott
Barclays
Buy
2025-01-06
Price Target
$76 → $85
Upside
+16.01%
