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Archive
- 11/22/2024 -
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United Health Group Inc. (UNH) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the United Health Group Inc. (UNH). During the week, the UNH gave back -0.50 points, or -0.08%, and closed at 590.90 on Friday, November 22, 2024. Weekly volume was -14% below average.
UNH is a member of Health Care Sector. Health Care is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See UNH long-term trend chart]
A long-term uptrend had started on April 12, 2024 at 436.39 and reached 630.70 on November 11, 2024. UNH gained -194.31 points, or -44.53%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 564.69 and resistance is at 631.68. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See UNH medium-term trend chart]
A medium-term uptrend had started on October 15, 2024 at 543.00 and reached 630.70 on November 11, 2024. UNH gained -87.70 points, or -16.15%, in 3 weeks. The price is now at the 45.38% retracement level.
 Weekly Technical Indicators: [See UNH weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See UNH short-term trend chart]
A short-term downtrend had started on November 11, 2024 at 630.70 and reached 576.80 on November 19, 2024. UNH lost 53.90 points, or 8.55%, in 8 days. The price is now at the 26.16% retracement level.
Daily Technical Indicators: [See UNH daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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