UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
NYSE:UNH - US91324P1021 - Common Stock
309.87 USD
+7.58 (+2.51%)
309.1 USD
-0.77 (-0.25%)
Overall UNH gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. UNH was also a bad performer in the overall market in the last year.
91% 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. 67% of 102 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 236.95 - 316.40 range, which is quite wide. It is currently trading near the high of this range.
UNH has an average volume of 16865200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 has only a medium technical rating, but it does show 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 309.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 309.86, a Stop Loss order could be placed below this zone.
More info and screens
297.42
621.97
We found 1 important support area.
- A support zone ranging from 300.42 to 309.86. 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.
- A resistance zone ranging from 309.88 to 309.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @321.58 from a horizontal line in the daily time frame.
- Resistance @584.62 from a trend line in the weekly time frame.
- A resistance zone ranging from 610.79 to 615.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for UNH is up. |
| ChartMill Relative Strength | 9.36 | NEGATIVE | UNH has a low relative strength, it was outperformed by 90.64% 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) | 62.75 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.53 | POSITIVE | The MACD value suggests UNH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.42 | OVERBOUGHT | The high Stochastics value suggests UNH may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.53 | 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)
309.87
+7.58 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.51%
1 Week0.8%
2 Weeks1.93%
1 Month30.32%
3 Month2.64%
6 Month-34.76%
12 Month-47.5%
2 Year-34.98%
3 Year-40.33%
5 Year-0.86%
10 Year167.82%
15 Year876.89%
Volatility
ATR(14)11.33
ATR(20)%3.34%
ATR Inc-37.55%
Range Today9.09
ADR(20)8.78
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.36
Mansfield-3.88
10 Day High316.4
10 Day Low294.2
20 Day High316.4
20 Day Low236.95
52 Week High630.73
52 Week Low234.6
CS1 End309.86
CR1 Start309.88
Volume & EV
DER(3)2.39%
DER(5)0.16%
Volume12.07M
Volume Incr-50.08%
Vol(5)11.70M
Vol(50)16.87M