UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
USA - NYSE:UNH - US91324P1021 - Common Stock
We assign a technical rating of 6 out of 10 to UNH. UNH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
UNH has only a medium 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 very little resistance above the current price. There is a support zone below the current price at 360.73, a Stop Loss order could be placed below this zone.
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331.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 354.49 to 360.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 334.81 to 338.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- 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 @578.67 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 | NEUTRAL | NEUTRAL | The long term trend for UNH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNH is up. |
| ChartMill Relative Strength | 26.69 | NEGATIVE | UNH has a low relative strength, it was outperformed by 73.31% 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) | UP | POSITIVE | The current price of UNH is above the rising 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) | 59.89 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.49 | NEGATIVE | The MACD value suggests UNH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.95 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 33.48 | POSITIVE | The high ADX value value for UNH suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 362.52 | 354.48 | 8.04 (2.22%) | 25.00% |
| An entry @362.52. This is a Buy Stop order right above the resistance zone. | An exit @354.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.04 points, which is 2.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of UNH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
362.5
+2.05 (+0.57%)
UNITEDHEALTH GROUP INC / UNH FAQ
Can you provide the ChartMill technical rating for UNITEDHEALTH GROUP INC?
ChartMill assigns a technical rating of 6 / 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 59.8914. 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 positive.
What are the support and resistance levels for UNITEDHEALTH GROUP INC (UNH) stock?
UNITEDHEALTH GROUP INC (UNH) has a support level at 360.73 and a resistance level at 362.51. Check the full technical report for our detailed analysis of UNH support and resistance levels.