UNH long positionHi traders! Let's have a look to UNH stock.
It has been in a down trend for a while. We expect that the price meet up the horizontal support and then get a bounce to the downsloping resistance.
Our entry point is at the horisontal support and the target is at the downsloping resistance. Stoploss you can see on the chart.
Good luck!
UNH trade ideas
UNH, Holding The Established Level, Possibility To Continue!Hello Traders Investors And Community, welcome to this analysis where we are looking at the selected single stock value UNH (UNITED HEALTHGROUP INC) the recent events within it, the current interesting price-formation and what the stock can provide in order for possible upcoming trading opportunities. As I pointed out already in previous analysis there are stocks which can move anticyclical to the main market as the demand is increasing due to the corona-crisis, one sector in this possible anticyclical market movers is the health sector where UNH is building an important part within health insurance as more and more people looking for improved healthier life and want to be secure in this case, therefore, this fact can play a big factor in the development of bullishness within this stock, besides that there are also some meaningful technical signals making an upcoming bullish continuation possible within this stock.
As you can examine when looking at my chart UNH is moving in this recently established uptrend channel where it bounced at strong support at the POINT OF CONTROL you can watch marked in red, this is the point where the stock showed the most volume overall, therefore, an important support/resistance level which confirmed as support in this case. Furthermore, we have this newly established all-time-high at 305.5 which has taken out the all-time-high formed before the corona-breakdowns seen this year, firstly this can also be a bull-trap but as the price is holding near that level this is showing up some significant bullishness in that level and a sign that the breakout could not have been a bull-trap. As the stock currently tests this level with some healthy volatile up moves this can be an indication for a possible continuation to the upside when UNH manages to climb above these levels as you can see it marked in my chart.
As you can watch in my chart there are some solid support levels providing an increasing possibility for the bullish case, once it is the 100-EMA which is marked in black, secondly, it is the POINT OF CONTROL which is building up very strong support in this level and next to the overall uptrend channel building altogether a coherent bullish support cluster here where the price will have a hard time going below when there comes bearish pressure into the surface. These factors making a bullish continuation to the upside more possible which will be confirmed when UNH takes out the current resistance it is testing and forms some faster-moving trend which finally breaks above the uptrend channel to confirm more bullishness in this case, remember that this has to be confirmed properly and before it does not happen there is still a possibility to show bearish which is quite marginal but it should not be ignored in either case.
Overall this stock is showing some serious bullish signals for a possible continuation to the upside making the movement at the all-time-high-conditions in this stock a stronger one than rest of the market where many stocks and some indices are still below the all-time-high established before the corona-breakdowns and therefore there is no confirmation of the bull-market-ending till now, therefore, it is important to look for stocks which showing up stronger than rest market when considering something on the long-side which I showed with other stocks of other sectors in the previous analysis were some holding strong bullish above the EMA structure and other below it with incoming bearish signs, in this case, it is important to not averagely evaluate the whole market in just one direction which can be fatal in such market phases showing up these days as there are stocks profiting of the crisis while another struggle to hold the status quo.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
There are many roads to prosperity, but one must be taken.
Information provided is only educational and should not be used to take action in the markets.
UNH: Complex Bearish Head & Shoulders /Hidden Bearish DivergenceUnitedHealth Group has formed this Complex Head and Shoulders pattern on the weekly time frame and has formed two layers of MACD Hidden Bearish Divergence. The most recent action we got on this stock was a weekly bearish engulfing candle, and now we're expected to see it come down at least to about $300, which would be very bad for the Dow Jones Industrial Average as UNH is the top weighted holding of the index.
UNH on watch for continuation after pullback LONGUNH after earnings with a mild beat in mid July, price shot up for one week then went
sideways and then pulled back in the past week. Price is now at 497 and under
the dynamic resistance of the first deviation line above the mean VWAP. The dual
time frame shows a good pattern with the shorter TF of 3 minutes in green above the
longer TF of 45 minutes in black. The short TF is above the 50 level.
Overall, I think the pullback is about over. I will take a long trade with a buy stop of
500.25 setting the stop loss below what will become dynamic support of the blue
line at 499.5. This is a tight stop and low risk owing to the positioning of the trade
about a support level. I will target 515.00 for a risk to reward ratio of 0.75 to 15
or 1:20 which is outstanding. I may take a call option striking $510 out a couple of months
if it would not draw down by the cash portion of my overall portfolio more than 3%. This
option premium is about $9000 but I think the potential profit is about the same.
UNH can break $600 provided it maintains >20x PE multiple. At $511, UNH shares trade at 21.72x TTM Earnings Per Share of $23.53 for the twelve months ending in June 2023.
The company is expected to report $24.87 in EPS for the current fiscal year, $27.94 in the next fiscal year, and $31.37 in the year after.
The 200D EMA PE Ratio for UNH was 23.20x.
Placing a 21.7x and 23.2x multiple implies a 6% and 13% rally by the end of the current fiscal year. Placing a 21.7x and 23.2x multiple for the subsequent fiscal year's EPS of $27.94 implies a rally of 19% and 27%. Placing a 21.7x and 23.2x multiple for the $31.37, the company is expected to earn in two fiscal years implies shares can rally 33% and 43%, respectively.
UNHLong Term, Momentum Factor Opportunity. There is potential for a further share price advance following the company recently exceeding Wall Street's estimates on a both a revenue and earnings per share basis as well as raising guidance. The strong results also raises the potential for analyst ratings revisions. From a technical standpoint, the share price rallied sharply, suggesting a positive reception from the market. Subsequently, the share has held it's range highs, consolidating from 19 July to present. While a minor retracement always remains possible, the tight consolidation below the medium term downward trend line has a high probability of being breached. This would open the potential for a test of a prior swing highs above $550. Time Stop: 01 March 2024
United Health Group in a bull flag.United Health Group - 30d expiry - We look to Buy a break of 516.11 (stop at 506.11)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Price action is forming a bullish flag which has a bias to break to the upside.
A break of the recent high at 516 should result in a further move higher.
This stock has seen good sales growth.
Our profit targets will be 541.11 and 546.11
Resistance: 511 / 516 / 520
Support: 503 / 497 / 490
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
UNH earningsUnited health Group (UNH) earnings are on Friday, July 14th, 2023, at 5:55am. United health Group (UNH) reported Q1 March 2023 earnings of 6.26 per share on revenue of 91.9 billion. The consensus earnings estimate was 6.24 per share on revenue of 89.8 billion. Revenue grew 14.7% on a year-over-year basis. The company said it expects 2023 earnings of 24.50 to 25.00 per share. The company's previous guidance was earnings of 24.40 to 24.90 per share and the current consensus earnings estimate is 24.91 per share for the year ending December 31, 2023.
I'm posting this as a long because of the entry price, risk : reward setup today on Monday 7/10/23. UNH has been trading in a wide sideways range in 2023.
2023
high = 537
low = 445
Q2 June 2023 Consensus:
EPS = 6.03
Revenue = 90.97 B
PE = 21.1
Options data:
7/14 expiry
Put Volume Total 1,323
Call Volume Total 2,131
Put/Call Volume Ratio 0.62
Put Open Interest Total 15,222
Call Open Interest Total 8,357
Put/Call Open Interest Ratio 1.82
7/21 expiry
Put Volume Total 453
Call Volume Total 769
Put/Call Volume Ratio 0.59
Put Open Interest Total 15,911
Call Open Interest Total 26,227
Put/Call Open Interest Ratio 0.61
8/18 expiry
Put Volume Total 912
Call Volume Total 952
Put/Call Volume Ratio 0.96
Put Open Interest Total 13,545
Call Open Interest Total 11,440
Put/Call Open Interest Ratio 1.18
UNH UnitedHealth Group Incorporated Options Ahead of EarningsIf you haven`t sold UNH here:
or here:
Then analyzing the options chain of UNH UnitedHealth Group Incorporated prior to the earnings report this week,
I would consider purchasing the 460usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $36.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
UNITED HEALTH On the 1D MA50 but only buy under this condition.United Health is having an incredible price jump today with the price hitting the 1D MA50 for the first time in one month and the 1D timeframe attempting to get out of its neutrality (RSI = 52.965, MACD = -5.780, ADX = 33.018). This state shows that we don't have a confirmed buy signal yet, that will only come if the 1D candle closes over the 1D MA50. If not, a pull back to the bottom of the ten month Channel Down.
The 1D RSI is also inside a Channel Down, a breakout there would also be a buy signal. So if the candle closes above the 1D MA50 we will buy and aim at the top of the Channel Down (TP = 512.50) expecting the whole rally to complete a +15% rise. If rejected we will buy near the bottom of the Channel Down and target again its top near the 0.786 Fibonacci leve (TP = 508.00). That is where the previous LH was formed.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Top up UNHHitting the bottom of the channel coinciding Fib 0.618 on a weekly chart.
MA150 (blue line) seems to have a good support resume in the past, and should be a good inidcator of able to hold. Bounce after earnings tomorrow? Who knows but definitely a
good opportuinity to accumulate healtcare stock while they are still lack behind of the tech stocks.
UnitedHealth Group Incorporated (UNH) Even though the share price of UnitedHealth Group Incorporated (symbol ‘UNH’) kicked off the second quarter with a rally, we witnessed a rather strong correction in mid-April that’s still in effect today. The company is expected to report quarterly earnings to 30 June 2023 on Friday, 14 July, before markets open. The consensus EPS for the quarter is $6.04 against $5.57 from the same quarter last year.
Antreas Themistokleous at Exness: “Even though the company managed to recover some of its losses at the beginning of the second quarter, those losses were significant, hitting the low levels seen at the end of the first quarter. Its current ratio was at 81% as of the end of March 2023, meaning UnitedHealth is not able to cover its short term liabilities with the current assets it holds. The total assets outweigh total liabilities at a ratio of around 1.43:1 which is not ideal.”
Technical analysis shows the price found sufficient support on the lower of the Bollinger bands last week, since correcting to the upside and entering a range in the last 4 or 5 sessions. The Stochastic oscillator is near the extreme overbought level, indicating a possible drop in the near short term. This is reinforced by the recent crossing of the 50-day moving average below the 100-day moving average.
The price of $464.60 is a strong technical support since it corresponds to the 38.2% weekly Fibonacci retracement level, while $490 marks technical resistance since it consists of the area just below the moving averages and is also slightly below the 23.6% weekly Fibonacci retracement level.
Is this the moment UNH finally breaks down? NYSE:UNH
UnitedHealth Group Inc (UNH) is one of the largest health care companies in the US, providing health insurance, health care services, and pharmacy benefits. The stock has been in a strong uptrend since March 2020, reaching an all-time high of $558.10 on October 31, 2022. However, since then, the stock has been showing signs of weakness and may be on the verge of a major breakdown.
Technical Analysis
Looking at the daily chart of UNH, we can see that the stock has broken a critical support zone of $476, which was the previous resistance level in July and August 2022. This zone also coincides with the 200-day moving average (MA), which is a widely followed indicator of long-term trend. The break below this zone indicates that the bulls have lost control and the bears are taking over.
The stock is currently retesting the $476 zone as resistance, which is a common phenomenon after a breakout. If the stock fails to reclaim this zone and closes below it, it would confirm the breakdown and open the door for further downside. The next support levels to watch are $450, which is the 50% Fibonacci retracement level of the March 2020 to October 2022 rally, and $420, which is the 61.8% Fibonacci retracement level and the previous support level in May 2022.
The technical indicators also support the bearish scenario. The MACD histogram has turned negative and crossed below the zero line, indicating a loss of momentum and a shift in trend. The RSI has fallen below 50 and is approaching the oversold territory, indicating a strong selling pressure. The volume has also increased on the downside, suggesting that more sellers are joining the market.
Conclusion
UNH has broken a critical support zone of $476 and is retesting it as resistance. If the stock fails to close above this zone, it would confirm the breakdown and signal a potential reversal of the long-term uptrend. The technical indicators are also bearish and point to more downside ahead. The next support levels to watch are $450 and $420.
UNH UnitedHealth Group Incorporated Double TopA double top is one of the most bearish technical reversal patterns.
A Double Top Bearish Chart Pattern forms after an asset reaches a high price two consecutive times.
After applying the Elliot Waves Pattern on UNH UnitedHealth Group, we have 2 price targets: $459 and $396.
Looking forward to read your opinion about it.