UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
NYSE:UNH - New York Stock Exchange, Inc. - US91324P1021 - Common Stock - Currency: USD
Taking everything into account, UNH scores 1 out of 10 in our technical rating. UNH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than UNH.
UNH is one of the lesser performing stocks in the Health Care Providers & Services industry. 83% of 103 stocks in the same industry do 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.
In the last month UNH has a been trading in the 294.11 - 318.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
UNH has an average volume of 19546100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, UNH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 313.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 305.93, a Stop Loss order could be placed below this zone.
More info and screens
288.98
616.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 304.89 to 305.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 291.90 to 295.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 313.54 to 321.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @586.46 from a trend line in the daily time frame.
- Resistance @610.79 from a horizontal line in the daily time frame.
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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UNH is down. |
| ChartMill Relative Strength | 5.63 | NEGATIVE | UNH has a low relative strength, it was outperformed by 94.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UNH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UNH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.94 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.14 | POSITIVE | The MACD value suggests UNH has a positive trend. |
| Stochastics (14,3) | 40.3 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 29.2 | POSITIVE | The high ADX value value for UNH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
309.11
+6.49 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.14%
1 Week2.35%
2 Weeks-2.95%
1 Month3.67%
3 Month-40.1%
6 Month-39.39%
12 Month-39.3%
2 Year-35.69%
3 Year-39.82%
5 Year4.8%
10 Year153.37%
15 Year988.42%
Volatility
ATR(14)6.91
ATR(20)%2.41%
ATR Inc-4.19%
Range Today8.25
ADR(20)7.26
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.63
Mansfield-4.3
10 Day High317.42
10 Day Low295.52
20 Day High318.8
20 Day Low294.11
52 Week High630.73
52 Week Low248.88
CS1 End305.93
CR1 Start313.54
Volume & EV
DER(3)0.46%
DER(5)1.24%
Volume15.30M
Volume Incr-32.18%
Vol(5)10.32M
Vol(50)19.55M