Unitedhealth Group Inc (UNH) Moves Down For the 2nd Straight Day, Breaks Below 20 Day Average; in an Uptrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
UNH
(Last Updated October 28, 2020)
Welcome to the news page for Unitedhealth Group Inc (UNH). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On UNH, there is currently an uptrend on the 90 and 30 day timeframes.
UNH Moving Averages
Nuances in the trend on UNH can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 50) — are bullish, implying a upward trend, save for a decline that occurred about 7 weeks ago.
The chart below illustrates.
UnitedHealth Group (UNH) Closes Last Hour Down $-0.88; Crosses 20 Day Moving Average, Heads Down For the 2nd Straight Day, in an Uptrend Over Past 30 Days
It’s been a feast for bears operating on an hourly timeframe, as unh has now gone down 8 of the past 10 hours.
UnitedHealth Group (UNH) Price Near $320.47; in an Uptrend Over Past 30 Days, Moves Down For the 2nd Day In A Row, Breaks Below 20 Day Average
This move happened on lower volume, as yesterday’s volume was down 4.74% from the day before — and down 30.34% from the same day the week before.
UnitedHealth Group (UNH) Closes Prior Hour Up 0.21%; Makes Big Move Relative to Two Week Trend, in an Uptrend Over Past 90 Days, 2 Day Up Streak Snapped
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
UnitedHealth Group (UNH) Price Near $325.77; 3 Day Down Streak Broken, in an Uptrend Over Past 30 Days
This move happened on lower volume, as yesterday’s volume was down 5.37% from the day before — and down 25.34% from the same day the week before.
UnitedHealth Group (UNH) Price Near $325.77; 3 Day Down Streak Ended, in an Uptrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
UnitedHealth Group (UNH) Price Near $322.80; Heads Down For the 3rd Day In A Row, Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
UnitedHealth Group (UNH) Closes Prior Hour Down -0.68%; Heads Down For the 2nd Consecutive Day
This move happened on lower volume, as yesterday’s volume was down 19.97% from the day before — and down 2.04% from the same day the week before.
UnitedHealth Group (UNH) Closes Last Hour Up $1.27; 2 Day Up Streak Broken, in an Uptrend Over Past 30 Days
It’s been a feast for bears operating on an hourly timeframe, as unh has now gone down 4 of the past 5 hours.
UnitedHealth Group (UNH) Closes Last Hour Down $-2.10; Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.