UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
USA - NYSE:UNH - US91324P1021 - Common Stock
356.6 USD
-0.07 (-0.02%)
355 USD
-1.6 (-0.45%)
Overall UNH gets a technical rating of 6 out of 10. 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.
74% of all other stocks performed better in the past year than UNH.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
UNH has an average volume of 13928300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UNH is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, UNH did better than 46% of them.
UNH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UNH is lagging the market.
In the last month UNH has a been trading in the 332.60 - 376.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, UNH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
331.29
621.97
We found 1 important support area.
- A support zone ranging from 334.64 to 334.81. 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 356.86 to 360.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @369.93 from a horizontal line in the daily time frame.
- Resistance @579.42 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 | 26.47 | NEGATIVE | UNH has a low relative strength, it was outperformed by 73.53% 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) | 57.71 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.89 | NEGATIVE | The MACD value suggests UNH has a negative trend. |
| Stochastics (14,3) | 47.97 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 35.42 | 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)
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 |
|---|---|---|---|
| 360.76 | 350.82 | 9.94 (2.76%) | 25.00% |
| An entry @360.76. This is a Buy Stop order right above the resistance zone. | An exit @350.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.94 points, which is 2.76%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- 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.
356.6
-0.07 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.02%
1 Week0.59%
2 Weeks-1%
1 Month5.91%
3 Month26.16%
6 Month-21.47%
12 Month-37.4%
2 Year-33.42%
3 Year-35.77%
5 Year16.86%
10 Year202.77%
15 Year889.18%
Volatility
ATR(14)9.08
ATR(20)%2.49%
ATR Inc-14.93%
Range Today7.56
ADR(20)8.54
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.47
Mansfield-2.5
10 Day High376.22
10 Day Low350.83
20 Day High376.22
20 Day Low332.6
52 Week High630.73
52 Week Low234.6
CS1 End334.81
CR1 Start356.86
Volume & EV
DER(3)-0.37%
DER(5)0.89%
Volume8.61M
Volume Incr-32.37%
Vol(5)6.54M
Vol(50)13.93M