UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UNH - US91324P1021 - Common Stock
Overall UNH gets a technical rating of 1 out of 10. 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 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.
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305.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 319.96 to 325.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @314.65 from a trend line in the daily time frame.
- Support @309.08 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 330.64 to 332.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @362.51 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 369.92 to 369.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @574.96 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 | DOWN | NEGATIVE | The long term trend for UNH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNH is neutral. |
| ChartMill Relative Strength | 15.91 | NEGATIVE | UNH has a low relative strength, it was outperformed by 84.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UNH is above 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) | 49.19 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.42 | POSITIVE | The MACD value suggests UNH has a positive trend. |
| Stochastics (14,3) | 62.26 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for UNH suggests a weak or negative trend. |
329.77
+0.06 (+0.02%)
UNITEDHEALTH GROUP INC / UNH FAQ
Can you provide the ChartMill technical rating for UNITEDHEALTH GROUP INC?
ChartMill assigns a technical rating of 1 / 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 49.1888. 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 neutral.
What are the support and resistance levels for UNITEDHEALTH GROUP INC (UNH) stock?
UNITEDHEALTH GROUP INC (UNH) has a support level at 325.08 and a resistance level at 330.64. Check the full technical report for our detailed analysis of UNH support and resistance levels.