UnitedHealth Group Does it Again: Heads Down for the 2nd Straight Day

The Daily View for UnitedHealth Group

  • Currently, UNH’s price is up $0.26 (0.07%) from the day prior.
  • The daily chart shows that UnitedHealth Group has seen 2 straight up days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on UnitedHealth Group. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

UnitedHealth Group’s hourly price chart is shown below.

UNH

The Daily View for UnitedHealth Group

  • At the time of this writing, UNH’s price is down $-1.09 (-0.28%) from the day prior.
  • This is the 2nd day in a row UnitedHealth Group has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on UnitedHealth Group. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of UnitedHealth Group.

UNH