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Uptrend ExhaustionArchive
- 1/3/2025 -
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United Health Group Inc. (UNH) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the United Health Group Inc. (UNH). During the week, the UNH climbed 3.00 points, or 0.59%, and closed at 513.00 on Friday, January 3, 2025. UNH was trading at average weekly trading volume.
UNH is a member of Health Care Sector. Health Care is the second 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 uptrend support line (590.01) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See UNH medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 630.70 and reached 475.80 on December 17, 2024. UNH lost 154.90 points, or 24.56%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 417.33 and resistance is at 612.99. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See UNH weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 29, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See UNH short-term trend chart]
A short-term uptrend had started on December 17, 2024 at 475.80 and reached 516.30 on January 3, 2025. UNH gained -40.50 points, or -8.51%, in 17 days. The price is now at the 8.15% 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 above its signal line. Such crossover is considered a bullish signal.
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