UNHD trade ideas
UNH UnitedHealth Group Incorporated Options Ahead Of EarningsIf you haven`t sold the Double Top:
Then looking at the UNH UnitedHealth Group Incorporated options chain ahead of earnings , i would buy the HKEX:520 strike price Calls with
2023-4-21 expiration date for about
$6.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
United Health Earnings BeatOn Friday 14th April 2023 UnitedHealth Group reported full year and fourth quarter 2022 results reflecting broad-based growth at Optum and UnitedHealthcare.
Revenues of $324.2 Billion Grew 13% Year-Over-Year, with Double-Digit Growth at both Optum and UnitedHealthcare
Cash Flows from Operations were $26.2 Billion or 1.3x Net Income
Full Year and Fourth Quarter Net Earnings were $21.18 and $5.03 Per Share
Full Year and Fourth Quarter Adjusted Net Earnings were $22.19 and $5.34 Per Share
UnitedHealth Group affirmed the 2023 growth and performance objectives established at its November 29th Investor Conference, including revenues of HKEX:357 billion to HKEX:360 billion, net earnings of $23.15 to $23.65 per share, adjusted net earnings of $24.40 to $24.90 per share and cash flows from operations of HKEX:27 billion to HKEX:28 billion.
UnitedHealth Group share outlook before the earningsShares in UnitedHealth Group Incorporated (symbol โUNHโ) have been trading in a bearish movement throughout the first quarter of 2023. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 14th of April. The consensus EPS is $6,25 compared to the result for the same quarter last year of $5,49.
โThe last recording we had in regards to the companyโs current ratio for the last quarter in 2022 was 77%. This indicates that the company does not have the ability to use its current assets to adequately cover its current liabilities. With a low dividend yield of less than 1.5% and a payout ratio of around 30% the company does not hold the title of an โexciting/attractiveโ selection in terms of returns.โ said Antreas Themistokleous, an analyst at Exness โ Although the companyโs technical details might not be that appealing it is still one of the biggest players in the health insurance industry and therefore still attracting investors attention.โ
On the technical side the price has been trading in a declining channel for the first quarter of the year with a valid break above only in the last session. The Bollinger bands are expanding indicating volume building up while the following sessions are important to see if the price will move back into the channel or if the bullish correction will hold strong. The 50 day moving average is still trading well below the 1oo day moving average showing that the overall bearish movement is still valid for the time being while the Stochastic oscillator is moving towards the extreme overbought levels.
United Health: Healthy As Aโฆ Bear? ๐ปโฆ or what was that saying again? Anyway, after a short hiatus, the bears in our United Health-chart should regain their health and get back to work. They should soon push the share below the support at $456.73 and from there into the dark green zone between $427.67 and $391.43, where wave A in dark green should end. This low should then be followed by a considerable upwards movement above the resistance at $501.40. There is also a 37% chance that United Health could cold-shoulder the dark green zone and climb above $501.40 directly. In that case, we would consider wave alt.A in dark green to be already finished.
3/20 Watchlist + NotesSPY - expected spy to push slightly higher on friday but we made an inside day instead putting SPY into a 2-1 setup. I am somewhat bullish still on SPY for Monday, but I could see Monday going either way.
Watchlist and bias:
Daily Chart Setups:
SPY - 2-1: Slightly bullish
AMZN - 2-1: Slightly bullish
DIS - 2-1: Neutral
LULU - 2-1: Neutral
MCD - 2-1: Bullish
UNH - 2-1: Neutral
Weekly Chart Setups:
PFE - 2-1: Bearish
UNH - 2-1: Slightly Bearish
JNJ - 2-1: Bearish
Main watch for the week:
UNH: Want to start off by saying this setup is less exciting than the last few I have posted about but it is still incredibly valid. Mainly watching this one because we have a 2-1 on the daily and weekly, with the weekly being in a bearish broadening formation. Because of this, what I am looking for is for the daily chart to break out to the downside to get an entry for puts to potentially swing. Only lookin to play downside on this one as that is what the longer time frames are showing. Assuming the daily breaks to the ownside, this will hopefully create the momentum to also breakdown on the weekly. Downside targets are at 463.17, 457.79, and 449.70. It is worth noting that we do have some indications that UNH could see a slight push higher this week before dropping. I won't play UNH if it breaks above fridays high. Best of luck trading this week everyone
UNH earnings on Friday the 13thUNH earnings are on Friday the 13th, but don't be scared. UNH December 2022 Q4 earnings are on Friday 1/13 at 5:55am. Unitedhealth Group (UNH) reported Q3 September 2022 earnings of $5.79 per share on revenue of $80.9 billion. The consensus earnings estimate was $5.45 per share on revenue of $80.5 billion. Revenue grew 11.8% on a year-over-year basis. The company said it expects 2022 earnings of $21.85 to $22.05 per share. I'm posting this as a long because of the current technical setup entry point. UNH is at S2 on SMA20 Triangular Trend Channel ATR(beta) and piRSI is poised for a bounce in a few days or sooner. Here's UNH levels on the 1-day chart:
Q4 December 2022 consensus:
EPS = $5.17
Revenue = $81.97B
SMA200 = $519
SMA20 Triangular Trend Channel ATR(beta):
top = $591
R3 = $577
R2 = $562
R1 = $548
pivot = $533
S1 = $518
S2 = $504
S3 = $489
bottom = $475
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
BBMC - bollinger bands
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
UnitedHealth Group technical levelsYesterday UNH 4hr chart hit oversold on piRSI & FibVIP and tapped major support on Triangular Trend Channel. Probability wise UnitedHealth Group is a long entry from here. Here's levels on the UNH 4hr chart:
SMA20 MTTC2.0 4hr chart:
top = $571
R3 = $562
R2 = $553
R1 = $543
pivot = $534
S1 = $525
S2 = $515
S3 = $506
bottom = $497
SMA's 4hr chart:
SMA50 = $533
SMA100 = $524
SMA150 = $528
SMA200 = $526
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
If Healthcare Rises Again - $UNH watch across timeframesShown here on a daily line chart, it is easy to see that price will begin a new ascent to 550-600 if the yellow downtrend line is broken. Clear bullish divergence is seen between RSI and price (green segments). Moving averages are 200 purple, 50 light blue, 20 blue. Analysts still have 580+ price targets for this stock and, while they could be wrong, healthcare is still a major sector holding of many ETFs.
Higher timeframe charts, shown below, add support for a possible turn up in stock price. For now, it seems a possible market downturn in March may coincide with price rebounding from the 20ma on the monthly chart, and it would follow a series of red candles. This would result from investors moving money into the defensive healthcare sector. On the weekly, RSI has come down to 35, which may serve as bull support if price is to rise again. Weekly stochastic %D may soon turn up, but there may be one more low close that would correspond with a %K drop before it truly rises.
Still BleedingHUMANA chart below.
When UNH fell, it fell hard and the talking heads were telling us to buy Healthcare. All the while they pushed this sector to the limit to leave some folks stuck.
Price is deeply oversold and it would appear folks are in panic mode at this point.
Looks like a bounce is coming soon as even sellers get worn out.
Be careful on buying this dip without a good stop as there are rising wedges sprinkled throughout this chart for the last few years that have not been broken so they are not valid yet.
These will be levels of over-supply if/when price reaches these levels. The lowest wedge would be entered just over 300.
Price is still above the .236 of the trend up in spite of the deep pull back after breaking Down from a Symmetrical Triangle.
Perhaps a case of so many buyers on board that many had to jump off the ship when it began to sink.
No recommendation.
This will probably bounce around so good luck.
The trend since the Covid low is so steep, it hurt my wrist to stretch the fib table to the top!
UNH's partner in crime/Descending Triangle
UNITED HEALTH Buy Opportunity for this quarterThe UnitedHealth Group (UNH) hit the Resistance Zone following our last (November 18) signal but as it failed to break through its top, it got rejected:
By doing so, the price even broke below the Higher Lows trend-line and the Bullish Megaphone pattern, that were in effect since February 2021. This potentially signals a deceleration on its enormous and sustainable rise but not necessarily that it turns bearish. In order to do so, it needs a closing below the 1W MA100 (red trend-line).
Right now with the price on the 0.382 Fibonacci level and the 1D RSI oversold at 30.000, it is on the very same spot it was on the June 17 2022 Low. See between the two fractals, the successive hits on the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line).
As a result, we consider this a buy opportunity back to the bottom (551.00) of the Resistance Zone.
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UnitedHealthGroup Analysis 19.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on UnitedHealth Group.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.