UNITEDHEALTH GROUP INC (UNH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UNH - US91324P1021 - Common Stock
We assign a technical rating of 0 out of 10 to UNH. UNH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 86% 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. 68% of 100 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.
- UNH has an average volume of 7014150 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 321.65 - 352.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, UNH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
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305.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 329.97 to 334.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 319.96 to 323.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @309.08 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 336.98 to 340.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @362.51 from a horizontal line in the weekly time frame.
- Resistance @369.93 from a horizontal line in the daily time frame.
- Resistance @569.76 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 | 14.17 | NEGATIVE | UNH has a low relative strength, it was outperformed by 85.83% 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 | MIXED | The current price of UNH is above 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) | 49.64 | NEUTRAL | The RSI value for UNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests UNH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.73 | NEUTRAL | The Stochastics value for UNH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for UNH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for UNH suggests a weak or negative trend. |
334.96
+1.03 (+0.31%)
UNITEDHEALTH GROUP INC / UNH FAQ
Can you provide the ChartMill technical rating for UNITEDHEALTH GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to UNH.
Can you provide the trend direction for UNITEDHEALTH GROUP INC?
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 49.6416. This indicates that the stock is currently neutral.
What are the support and resistance levels for UNITEDHEALTH GROUP INC (UNH) stock?
UNITEDHEALTH GROUP INC (UNH) has a support level at 334.65 and a resistance level at 336.98. Check the full technical report for our detailed analysis of UNH support and resistance levels.