UNH trade ideas
UNH through 550Swing trade for a healthcare provider here. Love this name through 550, potential stop below 535.
UnitedHealth Group UNH - Double Top? Short IdeaDespite this year's bloodbath of stock prices, UnitedHealth Group (UNH) has shown considerable strength and has continued to the upside. I did want to take a macro look using the monthly chart and noticed a double-top forming. The company does have strong fundamentals with earnings goals being reached every quarter. However, the stock price is showing strain to the upside with this double-top and appears to me that buyers may be losing the battle short-term. Furthermore, we can see the MACD is coming to an end as well and may enter bearish territory in the very near future. It very well could be a chance to short this stock which is showing some upside stress signals in the near future.
Curious to hear others' thoughts?
Thanks for stopping by!
KC
$UNH - a nice chart studyWhen I bought puts on Monday, I was trading mobile and admittedly my chart reading was incomplete. After I bought weekly puts price started higher Tuesday and spent the day selling off. Note 532 was exactly the high and it was a beautiful day trade even with low volume options.
Yellow lines show the megaphone still intact.
RSI never crossed 65 during the price rise since June, and now it it staying over 37. I lean bearish because:
1. price is near all-time highs and may see profit taking when healthcare sector is no longer top choice
2. RSI dipped below 33.33 in June, now it may go back below 50 if price moves down lower
3. Stochastic %K gave a sell sign in 3 candles in October - zoom out and see when this rolls over price will head to 470
Another trade idea for $UNH - swing putYou can zoom out on daily and look at weekly chart to see price is still near highs. My earlier chart on $XLV and $HUM suggested that this stock will drop when profits are taken from the healthcare sector, when there is a shift in market cycle. Indicators do not confirm a move back to 505 or lower in the short term, but I like the reward to risk in this trade design if RSI moves below 50 again and price drops back down. The red oval marks my stochastic %K sell sign, however price may move higher before lower.
Volume is low on this stock and very low on options, with wide bid/ask spread, so only buy at your limit and use less capital.
$UNH with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $UNH after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 73.33%.
UNHSHORT UNH. Fell out 2 years channel with double top and in consolidate range, or distribution for a down fall
Another Short on UNH. UNHI have lost count of the number of successful shorts I've had on this say over the last six months.
Momentum flipped, PSAR close to. Elliott is always the main drive to all of our decision making, however.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$UNH Bearish Quarterly Inside Shooter$UNH is showing a potential 2-1-2 bearish reversal with an inside shooter candle.
@UNH Long from 504.4UNH is testing bottom of channel and I believe it will turn around, maybe with some help of remaining bulls in this oversold market.
Entry: 504.4
TP: 595
SL: 479
Just dos Not Look so GR8This is trying to form a Bull Flag. Go with the flow or don't
Maybe new highs???
Desperation ?
No recommendation and goodnight (o:
Just do not think so but in reality none of us know much of anything i suppose.
What does your gut say?
UNH: Profit taking on the wayUNH has been an outstanding play for the number of years without any real signs of weakness. Despite being a darling of many portfolios, market-wide conditions will create conditions that will lead to profit-taking or portfolio reallocations when buying opportunities arise. The impact may be minimal but should lead UNH lower.
UNH- Possibly start of a further drop before continuing up trendBearish divergence taking place...where the stock price was going higher as the MACD was decreasing ...has more room to drop than continuing upwards
UNH $UNH Initial ShortUNH $UNH Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
$UNH HERE WE GO 🚀🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently breaking a strong resistance level in the market at $548.58. I do believe if we can continue in this 4X bull pattern we could potentially see $560 next week on $UNH. Let me know what your investment strategy is.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover To Downside
🔻 Red Middle Band: Bear Market Momentum
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⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
$UNH ON THE VERGE OF A BREAKOUT? 🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently trading at a very crucial level in the market sitting at $548.58. Historically looking left this area has acted as a strong level of resistance. However, if $UNH can push higher and break though this area of resistance, I do believe we could see the price of $UNH continue to approx. $560. We also have our money movement indicator pushing higher along with the middle band on the dashboard showing green bullish momentum so if something is going to happen it should be soon. Let me know what you think in the comments.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
UNH short This has dropped off a local 161 and is back up to a possible double top formation. These are some of my favourite classic bear signals.
UNH Setting upBack in July I posted about how $UNH was compressed and not something I am interested in trading.
The stock continued to build the right side of its base and now looking much better.
Focus stock for this week.
UNH ShortEarning: 6/15/2022 Surprise 0.36
Run into Supply Zone
Short 535
Stop 555
Target 500, 450
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Fighting ResistanceUNH is fighting daily to get past, and stay past the .886 fib level.
If it breaks through the white lines, the 1 and the 1.113 could be the next destination.
I am watching and waiting.
No recommendation.
W pattern and is on the 4th leg.
$UNH Long IdeaUnited Health provides healthcare services and reported earnings of 80B in revenue beating estimates. Analysts have a price target of 584 and rank it as a "Strong Buy"
Technicals on $UNH point at a consolidation base period with breakout at all time high which is 553. Options flow has smart money buying December contracts with a Strike of 570 and 575 which is a 6-8% increase from its current price.
Market rotations usually have financials, healthcare and utilities leading the way during this type of economic period.
Upside targets for bulls are 553, 560, 572, and 580.
OptionsSwing Analyst
Daniel Betancourt
Be SafeI see conflicting signals and plan to wait on this one.
The chart looks a bit toppy to me.
If I were to invest in this it would be for the long term so buying this at a possible top is not an option for me, but who knows?
This could go up forever for all I know (o:
Folks are mighty bullish on UNH.
W pattern noted and a possible head and shoulders in the works unless UNH beats prior high of 553.29. But anything is possible I suppose.
I will revisit this.
No recommendation.
CNC has earnings 7-26/Humana 7-27 BMO
$UNH with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $UNH after a Positive over reaction following its earnings release placing the stock in drift B.
