By Mill Chart
Last update: Dec 7, 2023
UNITEDHEALTH GROUP INC (NYSE:UNH) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:UNH.
ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.
We assign a technical rating of 8 out of 10 to UNH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UNH is only an average performer.
For an up to date full technical analysis you can check the technical report of UNH
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:UNH this score is currently 9:
UNH has an excellent technical rating and 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 549.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 545.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
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.
Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.
More breakout setups can be found in our Breakout screener.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
UNITEDHEALTH GROUP INC
NYSE:UNH (4/23/2024, 12:58:09 PM)
487.7
-3.53 (-0.72%)
UnitedHealth says files with personal information that could cover a “substantial portion of people in America” may have been taken in the cyberattack earlier this year on its Change Healthcare business. UnitedHealth did say that some screen shots containing protected health information or personally identifiable information were posted for about a week online on the dark web, which standard browsers can’t access. The company also is offering free credit monitoring and identity theft protection for people affected by the attack.
The company said Monday that compromised data 'could cover a substantial portion of people in America'
The health tech giant processes 15 billion health transactions a year, and handles health information for about half of all Americans.
UnitedHealth Group on Monday said it paid a ransom to cyber threat actors to try and protect patient data.
The company, however, did not disclose the number of people impacted by the February cyberattack at the Change Healthcare division. The hack at Change, a provider of healthcare billing and data systems and a key node in the U.S. healthcare system, disrupted payments to doctors and healthcare facilities nationwide.
UnitedHealth Group Inc. says a ransom was paid in the February cyberattack against the company that has disrupted payments throughout the US health-care system.
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