By Mill Chart
Last update: Nov 23, 2023
Our stock screener has detected a potential breakout setup on UNITEDHEALTH GROUP INC (NYSE:UNH). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:UNH.
At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.
Overall UNH gets a technical rating of 8 out of 10. Although UNH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Check the latest full technical report of UNH for a complete technical analysis.
Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:UNH currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.
Besides having an excellent technical rating, UNH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 543.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 539.62, a Stop Loss order could be placed below this zone.
A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Our Breakout screener lists more breakout setups and is updated daily.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
UNITEDHEALTH GROUP INC
NYSE:UNH (2/22/2024, 6:16:32 PM)After market: 524.013 -2.49 (-0.47%)
Microsoft and HPE also disclosed nation-state breaches in recent weeks.
UnitedHealth Group-owned Change Healthcare said on its status page that it was hit by a cybsecurity attack on its systems on Wednesday, and the disruption will last at least through the day. The Tennessee-based company, which is a national provider of healthcare cost transparency and consumer engagement solutions, said it was facing enterprise-wide connectivity issues that started at 05:05 ET (1005 GMT) on Wednesday. At this time, the issue is believed to be specific to Change Healthcare and all other systems across UnitedHealth Group are operational, a UnitedHealth spokesperson said in an emailed statement on Thursday.
Change Healthcare, a subsidiary of UnitedHealth Group, was hit with a cyberattack causing connectivity issues. Read more here.
A cyberattack against a division of UnitedHealth Group Inc. has caused a nationwide outage of a computer network that’s used to transmit data between health-care providers and insurance companies, rendering some pharmacies unable to process prescriptions, according to the company and reports from affected organizations.
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