UnitedHealth Group Trend May Be Changing as Price Just Breached Above Its 20 Day Moving Average

The Hourly View for UnitedHealth Group

    UNH’s 490.0303 price in the hour prior was especially unusual given the typical amount recorded over the past 30 hour.

  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100, 20, 200 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly 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

  • Currently, UNH’s price is down $-3.64 (-0.74%) from the day prior.
  • The daily chart shows that UnitedHealth Group has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning below it. 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.
  • Divergence between UNH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in UNH’s price.

Below is a daily price chart of UnitedHealth Group.

UNH

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