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Uptrend ExhaustionArchive
- 4/26/2024 -
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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 dropped -5.78 points, or -1.15%, and closed at 495.35 on Friday, April 26, 2024. Weekly volume was 10% above average.
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 October 10, 2008 at 14.51 and reached 558.10 on October 31, 2022. UNH gained -543.59 points, or -3746.31%, in 733 weeks. The price is now at the 11.54% retracement level.
Medium-term trend: [See UNH medium-term trend chart]
A medium-term uptrend had started on April 12, 2024 at 436.39 and reached 507.30 on April 19, 2024. UNH gained -70.91 points, or -16.25%, in 1 weeks. The price is now at the 16.85% 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 January 5, 2024. 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 April 24, 2024 at 480.71 and reached 497.23 on April 26, 2024. UNH gained -16.52 points, or -3.44%, in 2 days. The price is now at the 11.38% retracement level.
Daily Technical Indicators: [See UNH daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 16, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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