UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
NYSE:UNH - New York Stock Exchange, Inc. - US91324P1021 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to UNH. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than UNH.
UNH is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 83% are performing better than UNH.
UNH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UNH is lagging the market.
UNH has an average volume of 17990700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month UNH has a been trading in the 248.88 - 387.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UNH has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
300.16
616.90
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 303.23 to 304.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @589.71 from a trend line in the daily time frame.
- Resistance @610.79 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for UNH is down. |
| ChartMill Relative Strength | 5.97 | NEGATIVE | UNH has a low relative strength, it was outperformed by 94.03% 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) | 33.93 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.71 | POSITIVE | The MACD value suggests UNH has a positive trend. |
| Stochastics (14,3) | 42.46 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for UNH suggests high volalility. |
| Average Directional Index/ADX (14) | 42.59 | 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)
303.19
-0.03 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.01%
1 Week-0.5%
2 Weeks2.58%
1 Month-20.35%
3 Month-37.95%
6 Month-41.75%
12 Month-39.01%
2 Year-36.92%
3 Year-40.97%
5 Year2.79%
10 Year148.52%
15 Year967.57%
Volatility
ATR(14)10.23
ATR(20)%5.74%
ATR Inc-41.79%
Range Today6.26
ADR(20)13.07
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.97
Mansfield-4.37
10 Day High313.55
10 Day Low289.13
20 Day High387.21
20 Day Low248.88
52 Week High630.73
52 Week Low248.88
CS1 EndN/A
CR1 Start303.23
Volume & EV
DER(3)-0.28%
DER(5)-0.51%
Volume12.15M
Volume Incr-60.51%
Vol(5)12.34M
Vol(50)17.99M