UNITEDHEALTH GROUP INC (UNH)       472.85  +2.02 (+0.43%)

472.85  +2.02 (+0.43%)

US91324P1021 - Common Stock

Technical Rating

0

Taking everything into account, UNH scores 0 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.



UNH has an average volume of 3494800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UNH is a bad performer in the overall market: 77% of all stocks are doing better.
UNH is one of the lesser performing stocks in the Health Care Providers & Services industry. 61% of 124 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month UNH has a been trading in the 463.89 - 509.50 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -6.67% -12.51% -12.00% -2.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 23.12 445.735 - 558.1
UNH Weekly chart
UNH Daily chart

Support/Resistance Analysis


435.51

560.70
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 465.89 to 470.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @439.91 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 497.10 to 514.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @523.15 from a trend line in the weekly time frame.
  • A resistance zone ranging from 533.45 to 545.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @555.15 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

UNH has a poor technical rating and the quality of the setup is also only medium 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.


UNH Daily chart

UNITEDHEALTH GROUP INC472.85

NYSE:UNH (2/3/2023, 1:03:09 PM)+2.02 (+0.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Providers & Services

Performance
Today 0.43% 1 Week -4.4%
2 Weeks -2.79% 1 Month -6.67%
3 Month -12.51% 6 Month -12%

Volatility
ATR(14) 13.64 ATR(20)% 2.71%
ATR Inc 69.03% Range Today 9.01

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 23.12 Mansfield -1.14
10 Day High 505.5 10 Day Low 463.89
20 Day High 509.5 20 Day Low 463.89
52 Week High 558.1 52 Week Low 445.74
CS1 End 470.82 CR1 Start 497.1

Volume & EV
DER(3) 0.41% DER(5) 0.01%
Volume 3.26M Volume Incr 46.62%
Vol(5) 5.39M Vol(50) 3.49M

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