Unitedhealth Group Inc (UNH) Up 1.44%; in an Uptrend Over Past 90 Days

The Hourly View for UNH

Last Updated December 2, 2020, 12:21 GMT

Currently, UNH’s price is up $13.55 (4.03%) from the hour prior. UNH has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Unitedhealth Group Inc Daily Price Recap

Unitedhealth Group Inc entered today at $341.19, up 1.44% ($4.85) from the day prior. This move happened on lower volume, as yesterday’s volume was down 27.49% from the day before — and down 2.94% from the same day the week before. The daily price chart of Unitedhealth Group Inc below illustrates.


Unitedhealth Group Inc Technical Analysis

Notably, the current price of Unitedhealth Group Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about UNH:

    UnitedHealth Group (NYSE:UNH) issued an updated 2020 outlook and its initial view of 2021 ahead of its annual Investor Conference with analysts and institutional investors taking place virtually today, beginning at 9:00 a.m. ET.Under the updated outlook, UnitedHealth Group revenues for 2020 are expected to approximate $257 billion, with net earnings to approach $15.90 per share and adjusted net earnings to approach $16.75 per share. Adjusted net earnings exclude from net earnings only the after-tax non-cash amortization expense pertaining to acquisition-related intangible assets.UnitedHealth Group will also introduce its initial 2021 outlook, which includes revenues of $277 billion to $280 billion, net earnings of $16.90 to $17.40 per share, and adjusted net earnings of $17.75 to $18.25 per share.
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