UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UNH - US91324P1021 - Common Stock
Taking everything into account, UNH scores 1 out of 10 in our technical rating. UNH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
UNH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 320.20, a Stop Loss order could be placed below this zone.
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305.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 319.96 to 320.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @309.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 324.87 to 341.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @362.51 from a horizontal line in the weekly time frame.
- Resistance @369.93 from a horizontal line in the daily time frame.
- Resistance @573.48 from a trend line in the weekly time frame.
- Resistance @615.81 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for UNH is neutral. |
| ChartMill Relative Strength | 13.3 | NEGATIVE | UNH has a low relative strength, it was outperformed by 86.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UNH is below a declining 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) | 45.24 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests UNH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.28 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for UNH suggests a weak or negative trend. |
323.62
-7.29 (-2.2%)
UNITEDHEALTH GROUP INC / UNH FAQ
Can you provide the ChartMill technical rating for UNITEDHEALTH GROUP INC?
ChartMill assigns a technical rating of 1 / 10 to UNH.
What is the trend direction for UNH stock?
The current trend direction for UNITEDHEALTH GROUP INC (UNH) is Bearish.
Can you provide the RSI signal for UNITEDHEALTH GROUP INC?
UNITEDHEALTH GROUP INC (UNH) has an RSI value of 45.2369. This indicates that the stock is currently neutral.
Can you provide the short term momentum for UNITEDHEALTH GROUP INC?
The short term momentum for UNITEDHEALTH GROUP INC (UNH) is neutral.
What are the support and resistance levels for UNITEDHEALTH GROUP INC (UNH) stock?
UNITEDHEALTH GROUP INC (UNH) has a support level at 320.2 and a resistance level at 324.87. Check the full technical report for our detailed analysis of UNH support and resistance levels.