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

The Hourly View for UnitedHealth Group

  • Currently, UNH’s price is down $-0.22 (-0.05%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as UnitedHealth Group has now gone down 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour 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 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 100 hour changed directions on UNH; it is now pointing down. 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 up $8.12 (1.69%) from the day prior.
  • The daily chart shows that UnitedHealth Group has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above 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

Featured UnitedHealth Group Commentary From Twitter

Ridiculous disparity between where the Dow futures are and the Dow stocks are trading pre market. Stocks like UNH and CAT shouldn’t be unchanged. Who makes these darned bets? Could today be the first time they are right??NA

jimcramer