- "Healthcare Stocks at Higher Timeframe Support (Golden Ratio) —Bounce Incoming?"
Key Reasons for UNH’s Stock Decline
✅ CEO Resignation → Andrew Witty stepped down for personal reasons, and former CEO Stephen Hemsley returned to stabilize the company.
✅ Suspended 2025 Outlook → UNH withdrew its financial guidance, citing higher-than-expected medical costs from new Medicare Advantage members.
✅ Regulatory Scrutiny → The DOJ is investigating UNH for possible Medicare fraud, adding uncertainty.
✅ Cybersecurity Breach → A massive data breach at its subsidiary Change Healthcare affected 190 million records, disrupting operations.
✅ Stock Market Reaction → UNH shares plummeted 16% in a single day, marking their lowest level in nearly five years.
🔹 Future Outlook
Despite setbacks, UNH remains a dominant player in healthcare, with over 50 million insured members. Analysts believe the company can recover under Hemsley’s leadership, but short-term volatility remains high.
United Health Group (UNH) trading at 250$ 0.618 F5 Support ( Golden Ratio )
Anticipating buyers to come in at this level.
XLV. The Health Care Select Sector SPDR Fund (XLV) is an exchange-traded fund (ETF) that tracks the healthcare sector within the S&P 500. It includes companies from pharmaceuticals, biotechnology, healthcare equipment, and healthcare services.
This sector is trading near Weekly Support Nodes
Weekly OP + Weekly F3 nodes
or Weekly OP F3 Agreement
Its also Oversold.
ELV - Elevance Health Inc, one of the main competitors to UNH in this space
trading at Weekly F3 Support ( 0.382 retracement ) + Weekly Oversold
Given UNH, ELV and the broader sector, XLV, are all trading at important Higher Timeframe Support nodes...
with UNH down 20% today at one point, and down 38.2% from its highs ( largely within a month )
Looking for a Technical Bounce against Higher Timeframe Support nodes, on UNH, and the sector.
"Will we see a bounce at these levels? Drop your thoughts below!"
- Joseph AuXano
#UNH #XLV #HealthcareStocks #TradingView
Key Reasons for UNH’s Stock Decline
✅ CEO Resignation → Andrew Witty stepped down for personal reasons, and former CEO Stephen Hemsley returned to stabilize the company.
✅ Suspended 2025 Outlook → UNH withdrew its financial guidance, citing higher-than-expected medical costs from new Medicare Advantage members.
✅ Regulatory Scrutiny → The DOJ is investigating UNH for possible Medicare fraud, adding uncertainty.
✅ Cybersecurity Breach → A massive data breach at its subsidiary Change Healthcare affected 190 million records, disrupting operations.
✅ Stock Market Reaction → UNH shares plummeted 16% in a single day, marking their lowest level in nearly five years.
🔹 Future Outlook
Despite setbacks, UNH remains a dominant player in healthcare, with over 50 million insured members. Analysts believe the company can recover under Hemsley’s leadership, but short-term volatility remains high.
United Health Group (UNH) trading at 250$ 0.618 F5 Support ( Golden Ratio )
Anticipating buyers to come in at this level.
XLV. The Health Care Select Sector SPDR Fund (XLV) is an exchange-traded fund (ETF) that tracks the healthcare sector within the S&P 500. It includes companies from pharmaceuticals, biotechnology, healthcare equipment, and healthcare services.
This sector is trading near Weekly Support Nodes
Weekly OP + Weekly F3 nodes
or Weekly OP F3 Agreement
Its also Oversold.
ELV - Elevance Health Inc, one of the main competitors to UNH in this space
trading at Weekly F3 Support ( 0.382 retracement ) + Weekly Oversold
Given UNH, ELV and the broader sector, XLV, are all trading at important Higher Timeframe Support nodes...
with UNH down 20% today at one point, and down 38.2% from its highs ( largely within a month )
Looking for a Technical Bounce against Higher Timeframe Support nodes, on UNH, and the sector.
"Will we see a bounce at these levels? Drop your thoughts below!"
- Joseph AuXano
#UNH #XLV #HealthcareStocks #TradingView
Joseph AuXano
dinapolilevels.com
dinapolilevels.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Joseph AuXano
dinapolilevels.com
dinapolilevels.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.