UNH has been getting wrecked recently due to news, but this is still a powerhouse play when it comes to healthcare. I'm going long here.
Not financial advice, good luck to all :)
UnitedHealth's share price has fallen sharply in recent weeks. However, it showed a reaction at the support level of $472.12 and has now risen a little. Our expectation is that it is currently working on the magenta wave (Z), the last sub-wave of the green wave (B). As part of this movement, the price should dip below the support level and form a low there. Only...
UnitedHealth Group ( NYSE:UNH ) finds itself navigating turbulent waters as it confronts both regulatory scrutiny and cybersecurity disruptions. The recent revelation of a U.S. Department of Justice antitrust investigation has sent shockwaves through the healthcare conglomerate, causing its shares to plummet by about 5%. This investigation, as reported by The Wall...
UNH has been in a long-term uptrend channel for 6-10 years with steady growth. They're currently bouncing off the bottom of the trend channel within 1 ATR of their AVWAP (anchored from the prior high). The 3 ATR profit target at $541 is $14 above current price representing a 3:1 Risk/Reward. The next major resistance is at $558 ($17 above the target). Adding...
Joe, Selling the Jan 25 400 put was a great idea. If it returns to the 485 area I will join you on your idea.
I also may use the premium to finance buying a call.
NYSE:UNH dropped after reducing guidance in their earnings release, and then gapped down again today when NYSE:HUM missed estimates. These two stocks frequently respond to one another, creating fantastic trading opportunities if you have both on your watch list.
Todays candle is doji with relatively high volume, which is a decent reversal signal. Prior to...
1 - Bearish Divergence
An indicator such as the RSI showing bearish divergence can confirm the weakening of the bullish trend.
2 - Volume Analysis
An increase in selling volume following the second peak reinforces the potential bearish reversal.
3 - Support Breakdown
A decisive breakdown below the support level confirms the validity of the...
UnitedHealth Group ( NYSE:UNH ) recently made headlines as it unveiled its fourth-quarter earnings, leaving investors with mixed sentiments. While the numbers beat estimates, concerns over rising medical costs and future pricing strategies have cast a shadow on the stock's performance. This article delves into the intricacies of NYSE:UNH 's financial report,...
UnitedHealth has consolidated for almost two years, and now some investors may expect its longer-term uptrend to continue.
The first pattern on today’s chart is the basing pattern over the course of 2023. Notice the lower lows in the first half, followed by higher lows in the second half. That may suggest buyers have regained control since the summer.
Second,...
Healthcare provider UnitedHealth Group Inc. is diversifying its business. Following the acquisition of the home health services company LHC Group for $5.4 billion earlier this year, the company also has plans to acquire another home healthcare company, Amedisys, for $3.3 billion. These strategic investments will help strengthen UnitedHealth Group's position in the...
UNH held yesterday the 1D MA50 and is on a strong 1D candle rebound today. Despite this, the 1D technical outlook is on healthy bullish numbers (RSI = 64.198, MACD = 4.620, ADX = 38.658) as the underlying pattern is a Channel Up since the July 13th low. The stock's most common rise extension is inside the 15.32-15.96% range, which we've seen three times in the...
Although UnitedHealth shares were able to establish the low of the turquoise wave 4 and rise steadily, they have not yet made it above the resistance level of $546.78. However, we expect this to happen next, leading to the high of the larger wave (A) in dark green. Short-term, we therefore expect further bullish potential, but after the top of this (A) wave, the...
Overview of UnitedHealth Group Incorporated (UNH):
UnitedHealth Group Incorporated (UNH), a leading player in the healthcare sector, presents a compelling investment profile. This analysis integrates UNH's financials, operational strengths, market position, and estimated growth projections for the next three years.
Financial and Operational Strengths:
...
United Health is on a green (1w) candle despite the general market sell-off.
This is technically due to the longer term pattern which is shaping up to be a Cup/ Arc, that remains to be seen if at the end of it will give a Handle.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 553.00 (bottom of Resistance Zone 1 which was initially formed on April...
On Friday 13th a window had been opened that has been closed now. The window was an outbreak of the trading range since 6th October. The upside of the range serves as a support now. I expect an upward correction from here therefore. If the overall market will retrace upward we may even see a further rise.
Mind that United Health has behaved better than the market...
