The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/15/2026 -
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United Health Group Inc. (UNH) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineOversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
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It was a seventh positive week after 4 consecutive negative weeks for the United Health Group Inc. (UNH). During the week, the UNH gained 13.87 points, or 3.65%, and closed at 393.85 on Friday, May 15, 2026. Weekly volume was -37% 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 downtrend had started on November 11, 2024 at 630.70 and reached 234.60 on August 1, 2025. UNH lost 396.10 points, or 62.80%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (260.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. UNH may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See UNH medium-term trend chart]
A medium-term uptrend had started on March 27, 2026 at 255.97 and reached 404.15 on May 13, 2026. UNH gained -148.18 points, or -57.89%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 387.90 and resistance is at 411.61. 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 medium-term trend.

Weekly Technical Indicators: [See UNH weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 10, 2026. This is an indication that the medium-term trend is up. 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 May 13, 2026 at 404.15 and reached 390.25 on May 15, 2026. UNH lost 13.90 points, or 3.44%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See UNH daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since April 1, 2026. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.40
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 91.20
Strong Overbought
Greed/Fear Indicator (GFI) 85.63
Overbought
Moving Average Converg./Diverg. (MACD) 20.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.51
Overbought
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 96.32
Strong Overbought
Greed/Fear Indicator (GFI) 85.87
Overbought
Moving Average Converg./Diverg. (MACD) -7.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 411.61
Upper Bollinger Band 404.43
Daily Stochastic Crossing 399.26
Weekly Stochastic Crossing 399.09
Price 393.85
Quarterly Trendline Support 387.90
Parabolic System 377.99
20 Day Moving Average 369.52
Lower Bollinger Band 328.77
50 Day Moving Average 320.28
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Managed Health Care 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 404.15
High Date 05/13/2026
Low 390.25
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 404.15
High Date 05/13/2026
Low 390.25
Low Date 05/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 404.15
High Date 05/13/2026
Low 390.25
Low Date 05/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 411.61
Support 387.90
Low 255.97
Low Date 03/27/2026
High 404.15
High Date 05/13/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 238.46
Support 260.39
High 630.70
High Date 11/11/2024
Low 234.60
Low Date 08/01/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.