UNH Technical Analysis - UNITEDHEALTH GROUP INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to UNH. In the past year, UNH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, UNH is a bad performer in the overall market: 91% of all stocks are doing better.

UNH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: UNH has an average volume of 6634 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month UNH has a been trading in the 268.00 - 312.60 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

UNH is an average performer in the Health Care Providers & Services industry, it outperforms 41% of 32 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNITEDHEALTH GROUP INC / UNH Weekly stock chart

UNITEDHEALTH GROUP INC / UNH Daily stock chart

Setup Rating and Analysis

UNH has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

284.81

452.69

We found 1 important support area.

A support zone ranging from 287.69 to 288.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 308.61 to 308.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @448.21 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for UNH.DE is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for UNH.DE is up.
ChartMill Relative Strength	9.44	NEGATIVE	UNH.DE has a low relative strength, it was outperformed by 90.56% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of UNH.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of UNH.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of UNH.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	71.42	OVERBOUGHT	The high RSI value suggests UNH.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.46	NEGATIVE	The MACD value suggests UNH.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	73.78	NEUTRAL	The Stochastics value for UNH.DE is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for UNH.DE suggests some volalility.
Average Directional Index/ADX (14)	29.31	POSITIVE	The high ADX value value for UNH.DE suggests a strong trend.