UNM Should I Buy

UNM is not a good buy right now for an impatient investor. Price action/technicals are still bearish and the statistical near-term path skews slightly down (especially over the next month), while the latest quarter showed a sharp earnings collapse. Despite bullish-ish options positioning and strong hedge-fund buying, I would avoid initiating a new position at ~$75.97 until the stock decisively reclaims the 76.11–77.11 resistance zone (pivot/R1) or until after the Feb 5 earnings catalyst clarifies fundamentals.

Trend/omentum: Bearish-to-neutral. MACD histogram (-0.264) is below zero (bearish) though the negative momentum is contracting, suggesting selling pressure may be easing but has not flipped. RSI(6) at ~37 is weak/near-oversold territory (not deeply oversold), consistent with a down/soft tape rather than a confirmed reversal. Levels: Current ~75.97 is just below the pivot (76.109), meaning the stock is still trading under a key inflection. Nearby support sits at S1 ~75.106 (then S2 ~74.486). If 75.1 breaks, downside risk opens toward ~74.5 quickly. Resistance is R1 ~77.111 then R2 ~77.731; a move back above 76.1 and through 77.1 would be the first cleaner “buyers back in control” signal. Pattern-based forward look: Similar-pattern stats imply ~flat next day (+0.3%), mildly negative next week (-0.62%), and more negative next month (-4.64%), aligning with a “bounce possible, trend still heavy” setup. Net: Technically this is a weak tape sitting near support—not a high-conviction buy right now without a breakout reclaiming 76.1–77.1.