UNH trade ideas
SPHealth 2 Week Comparisons (Oct 7-20 2020)SPHealth - Growth Analysis & Comparison - Cindicator Poll Submission (October 7th - 20th 2020)
I've been looking through my Cindicator questions, making forecasts and watching markets as new polls pop up. Here's a comparison chart for 5 major S&P health companies and my rankings forecast.
(Descending order from most growth to least)
United Health Group Inc (UNH)
Abbott Labs (ABT)
Johnson & Johnson (JNJ)
Pfizer Inc. (PFE)
Merck & Co. (MRK)
This forecast will be explicitly graded by total growth % comparisons of opening prices on October 7th to closing prices on October 20th across the 5 aforementioned companies.
As of right now before 10-9-20 daily market open, the percentage growth is as follows:
UNH +1.9%
PFE +1.87%
JNJ +1.56%
ABT +1.1%
MRK +0.54%
When looking at a specific metric within the already completed duration since I submitted my forecast, overall recent growth is:
UNH +2.82%
PFE +2.66%
JNJ +2.24%
MRK +2.22%
ABT +1.62%
10-9-20 Forecast Adjustments:
Now that I have seen the last 2 days play out, I'm starting to notice a couple things about my forecast and actual live value.
I'm confident that United Health will still outperform, but this outlook could change if any major market sell off occurs before the 20th. Pfizer looks like it could be a strong runner up, and I may have flubbed my original forecast by ranking it 4th in growth. Johnson & Johnson is performing approximately as expected. Merck and Abbott Labs could be tricky to pinpoint exactly without some further research and analysis but, I'm guessing that Abbott may come in 4th place if everything settles after any quick rallies that should happen. If a light pump in Merck occurs over the 19th-20th, then there could be a small chance it outperforms Abbott for 4th but it feels like an unlikely scenario.
After these deliberations, I've decided my forecast doesn't need much adjusting other than to swap the placement of Pfizer and Abbott. My updated forecast is as follows:
United Health Group Inc (UNH)
Pfizer Inc. (PFE)
Johnson & Johnson (JNJ)
Abbott Labs (ABT)
Merck & Co. (MRK)
One thing to note is that I believe TradingView is not calculating its percentage scale correctly, its placing the 0% Y axis at the close value of the first candle used to calculate growth. So this graph is really just more for me to check my own work by hand, as the percentages on the left will not accurately portray what is actually being graded by Cindicator.
I'll check back in after the 20th to see how this turned out!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
UNHSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
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(This is my opinion only, NOT the financial advice.)
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Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
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UNH is poised to break out - target 330-340Hi guys ,
based on what I see on my analysis , UNH is poised to break out to the upside .
Target would be around 330-340ish .
I see a daily squeeze, I see both daily and hourly moxie confirming the move and the stock is ready to post all time highs .
At this point I think we will eventually see the Dow hitting 30,000 .
UNH Breakout PotentialUNH worth a watch these upcoming weeks. Holding above all notable AVWAPS. It's been consolidating for months; can see a big move on a breakout. Price action is getting tight, and the 50dma has caught up to the nearest avwap as support. Fundamentally undervalued with consensus analyst targets ranging the mid to high $300's. Watching for a clean break over $311.86
$UNH Consolidation Building up to Major Rally ?
Possible short term trade to top of the channel @ $310.
Longer term breakout trade possible on a break above channel.
4 months of consolidation should result in a nice rally to $340
Danger that election campaigning may hold the stock back.
Indicators are mixed but Accum\Dist & CMF are particularly bullish.
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UnitedHealth Group: «slow and steady wins the race»Show Me the Money! 16 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
UnitedHealth Group reported a solid quarter in which strength in premiums offset weakness routinely associated by many with COVID. The company reported $62.14 billion in revenue, a slight miss – not by a wide margin, and we tend to play it down when the company is growing its product pipeline. Q2 revenue is up 2.5% from the same period last year and drove a solid increase in net income. EPS, both adjusted and GAAP, beat consensus by double-digits to post near-100% increases from the previous year. The caveat is additional expenditures will reach the company in the 3rd quarter but not enough to impact the full-year guidance.
Technically, UnitedHealth is in ascending trend with 320 dollars as interim price target – seemingly not that much of an upside, but they call it «slow and steady wins the race».