UNH at an inflection point. UNH is hitting critical support. If it closes below support a topping formation will be on watch. This stock is heavily weighted in the XLV.
UNH trade ideas
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
$UNH with a Bullish outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $UNH after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Symmetrical TrianglePrice is inside the structure and remains above the .236 of the trend up since the covid low.
EARNINGS 1-13-23 BMO.
Neutral until broken.
No recommendation
Going Long on UNHBullish Indicator
1- Bullish butterfly XABCD formed
2- Strong support $485.60
3- inverted hammer candle formed
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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UNH - Bearish Bias idea applying the STRAT My Bearish bias is a result of an attempt to again reach highs but a failure and 2-2 continuation to the downside to unfold. Entry in white and possible targets in green.
A breakdown in unh will solidify my Spx and Dow shortsOver paying for stocks doesn’t make any sense fair value in this healthcare stock is about 430 unless it has good earnings in the coming months most likely will see this stock come down
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.
UNITED HEALTH Stronger than ever one last Resistance to go!The UnitedHealth Group (UNH) has been on a strong 3 day rise since the November 15 Low which was a Higher Low within a hyper long-term Bullish Megaphone pattern, with the trend-line holding since February 22 2021. On top of that it rebounded within the 1W MA50 (red trend-line) - 1D MA200 (orange trend-line) zone, which has more or less priced all prior major Higher Lows.
The next barrier standing is the 553.00 - 559.00 Resistance Zone that is holding since the April 14 2022 High and has had another two rejections, forming an Ascending Triangle. Needless to say, a break above it would be a major bullish break-out signal. As to the target? That would be initially the 1.382 Fibonacci extension, around $590.00, which is the symmetrical of the Fibonacci retracement levels that have formed the last two Higher Lows. As seen on the chart, the November 15 2022 Low was made on the 0.5 Fib while the October 13 2022 on the 0.382 Fib. We can argue that if there is one more rejection on the Resistance Zone, then the 0.618 Fib is a candidate for the next Higher Low.
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Short UNH with my patternThis week, we poll investors on the Fed, asset returns
into YE, and Latam, in addition to our running survey
questions on equity positioning/sentiment, and intentions
for near-term changes to equity allocation and bond
duration. The results from the last survey are shown
below
UNH goes BRRRR 🚀 (upward trend)It cant be more clear, there is a behavior pattern just follow it until you see a break in the pattern.
Why set a stop loss if you ain't losing? Because you don't want to lose all your tendies in one play
Don't get greedy going for the hoax, take your profit at redline and be happy
Stonks Trend is going upwards so if for some reason you fell for the Hoax hold that sh*t until the next wave
UNH: Can trend line hold bears?United Health Group
Short Term - We look to Buy a break of 506.00 (stop at 485.43)
The primary trend remains bullish. A sequence of daily higher highs and lows has been posted. We can see no technical reason for a change of trend. Trend line support is located at 500.00. Further upside is expected.
Our profit targets will be 558.58 and 580.00
Resistance: 560.00 / 580.00 / 600.00
Support: 500.00 / 450.00 / 400.0
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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.
