UnitedHealth Group $UNHIt tries to break the buy point of $304. After break out, it will try to get in the channel which will bring it to the target that is upper channel
12 months Consensus Price Target: $322.10
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UNH
UNH – Short-term Bearish Entry - One Week HoldI will be placing an order with specs below on Monday.
Trade Entry
Jan. 10 expiry. 285/290 Call credit spread for credit of $3.25 or more. Max gain is credit received $325. Max loss is $175. Exit before expiry. This trade will end before earnings.
One leg of this trade is 78% POP. Other leg is 57%. Total probability of profit is 70%. Good.
If UNH closes on 1/10 below $285, the full credit $325 is kept.
Stops - If price goes above $292 this is invalid.
Exit - 50% profit or greater. Keep to expiry if everything still going down below $285.
Chart Details
Almost a double-top ($2 difference). I consider less than $1 difference true double-top.
Bearish EMA cross and bearish 10WeekMA cross will confirm downtrend.
Pattern may go down to fill gap providing other entries.
I am not sure how UNH will act around earnings, so trade will expire before earnings.
If earnings are negative, we can continue down.
If earnings are positive, we will have a good reference point for bullish entry.
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UNH - DAILY CHART Hi, today we are going to talk about the UnitedHealth Group and its current landscape.
UnitedHealth is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020 spending bills. News that can boost UnitedHealth next year.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
Ascending Triangle Runs Out of Room Soon for SPY SPXIt's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in one swift key-stroke of trumps fat fingers...Only thing that sends this higher in my opinion is a resolution of trade with China, and even then - Trump may start another trade war in it's place soon there-after IF we ever resolve China first... SPY SPX
I'm personally bullish on old school value plays that have been forgotten about that now have good dividends while you wait out the storm such as $CVS which has a .50 cent quarterly dividend, yielding 3.45% better than it's industry leaders like your UNH and ANTM which only yield 1.65% and 1.05%. Another one I'm long is $KHC Kraft Heinz which yields 5.22%, and last one that I'm watching is $GT goodyear tires, yielding 4.38%
All these growth stocks with sky-high valuations are going to begin to crumble at some point and I don't want to be holding long for that.
Good Luck!
Daily UNH stock forecast analysis for stock investing strategies03-Jul NYSE:UNH
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.0% (LOW), 0.6% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -2.5% (LOW), -1.7% (CLOSE)
UNH stock prediction by pretiming algorithm of supply-demand28-JUN UNH
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.9% (HIGH) ~ 0.0% (LOW), 1.5% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.9% (HIGH) ~ -2.6% (LOW), -1.7% (CLOSE)
UNH New "Temporary" Up Trend - Safety/Value Play-$250 ResistanceUNH and other healthcare stocks such as Anthem, Cigna, etc. could be a potential area that benefits from those flocking from higher volatility areas that have earnings this week that are looking for some high quality value that were once "growth" stocks. I think UNH at least goes back to $250 area within the next week or so. I'm holding call options. Good luck! UNH
UNH (NYSE: UNH) broke the support, will continue to fall?As we have seen in the chart, we had a short support (Yellow Line) with 5 confirmations (Green Circles) for 5 months that broke today, with the value of UNH shares falling well below what is expected for today.
The fundamental question here is to know if the value of the stock will continue to fall, until when it will continue to fall or if it begins to recover, we will analyze this through three points:
Although the shortest support we had was broken, we must bear in mind that there is another stronger support (Orange Line) that is ready to stop the fall of UNH shares with 4 confirmations (Orange Circles) during the period of 23 months. .
This assures us that although the value of the stock may continue to fall, when approaching the stronger support it is more likely that the fall will be slowed down.
We have to bear in mind that the fall of today was slowed down to the height of the last bounce (horizontal green line) of the minor support, which coincides with S5 yellow. What gives rise to the possibility that tomorrow the price of the stock does not continue to fall, it should rebound.
Finally we have to know that the shares of the company UNH are undervalued if we apply a fundamental analysis, so, in the long term the value of the shares of this company will tend to rise.
We could conclude then that the value of the shares of UNH will go up sooner rather than later , we should analyze then because there was such a sharp drop in the value of the shares of UNH, to explain this we should analyze the supports and the rebounds that had each one of the supports:
If we see the stronger support (Orange Line) we see that it is more stable, we say this because in 23 months he only had 4 rebounds separate by long periods of time. At the short support (Yellow Line) we have 5 rebounds in just 5 months, this is because the slope is tilted more, which makes it a less stable support that ends up breaking when the rate of rise can not be maintained.
Then we can conclude that the stock price will rise again, probably at a lower rate than what it was doing, although it may return to the previous rate.
I thank you very much for your reading and I am open to criticism and questions!
I´m sorry about my english, I try to translate al my analysis from the US and Argentinien market into english.
Regards!
UNH - Slowing Down or Beginning of The End?This stock has been one of the best winners in healthcare over the past few years, in terms of company health, profitability and correlation to stock price action.
All the same, just like with A , the current market uncertainty has left the stock here in a wedge pattern after its earnings report.
Even though the earnings beat estimates, it was not better than the prior growth experienced and so combined with the overbought nature of the stock, this could be a sign that the stock is topping out at least for now.
In short, if the company fails to keep growing, fear could set in and investors will go ahead to ease off the gas pedal, leading to a possible bearish trend.
For now, I am looking for a bearish drift after earnings, but I look to stay longer if a bearish trend develops; losses will be cut quickly.
Stop @ 242.18
Target @ 227.79