Unitedhealth Group Inc (UNH) Down 0.14%; in a Downtrend Over Past 14 Days

Unitedhealth Group Inc 4 Hour Price Update

Updated June 18, 2020 05:04 PM GMT (01:04 PM EST)

In the past four hours of today’s trading session, UNH’s price is down $-3.58 (-1.22%). For context, Unitedhealth Group Inc’s peers in the in the Insurance industry are up 0.14% on average in this time, while its peers in the broader Healthcare sector are up by an average of 0.48%.

Unitedhealth Group Inc Daily Price Recap

The end of a 3 day positive run has come for Unitedhealth Group Inc, which finished yesterday down 0.14% ($0.4). This move happened on lower volume, as yesterday’s volume was down 40.22% from the day before — and down 45.23% from the same day the week before. The daily price chart of Unitedhealth Group Inc below illustrates.

Unitedhealth Group Inc Technical Analysis

Coming into today Unitedhealth Group Inc is now close to its 20 and 50 day averages, located at 298.25 and 289.33 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Unitedhealth Group Inc’s price has gone down 6 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to UNH:

    $unh weekly. cup n handle is in play if this week's candle can base at friday close

    going with cup n handle over inverse h&s bc the timing of right shoulder is off – both still up move patterns anyways

    if basing confirms, looking for a move back toward 300+ into end of june and possibly into july

    if she closes june near 304-315, itll create a monthly long wick green hammer setting up july breakout attempt