UNH trade ideas
UNH on WatchI like this type of pull back to support above the 20 SMA on lower volume. Need the general market to turn however before entry.
the 4 key levels to me in a $UNH down-trend......same climb for 3 years. <$253 and I'm very interested.
$UNH short entry candidateWatch for this to roll under the 8 EMA and go down to test the 200 MA around $250 as the next level of support.
UNH (NYSE: UNH) broke the support, will continue to fall?As we have seen in the chart, we had a short support (Yellow Line) with 5 confirmations (Green Circles) for 5 months that broke today, with the value of UNH shares falling well below what is expected for today.
The fundamental question here is to know if the value of the stock will continue to fall, until when it will continue to fall or if it begins to recover, we will analyze this through three points:
Although the shortest support we had was broken, we must bear in mind that there is another stronger support (Orange Line) that is ready to stop the fall of UNH shares with 4 confirmations (Orange Circles) during the period of 23 months. .
This assures us that although the value of the stock may continue to fall, when approaching the stronger support it is more likely that the fall will be slowed down.
We have to bear in mind that the fall of today was slowed down to the height of the last bounce (horizontal green line) of the minor support, which coincides with S5 yellow. What gives rise to the possibility that tomorrow the price of the stock does not continue to fall, it should rebound.
Finally we have to know that the shares of the company UNH are undervalued if we apply a fundamental analysis, so, in the long term the value of the shares of this company will tend to rise.
We could conclude then that the value of the shares of UNH will go up sooner rather than later , we should analyze then because there was such a sharp drop in the value of the shares of UNH, to explain this we should analyze the supports and the rebounds that had each one of the supports:
If we see the stronger support (Orange Line) we see that it is more stable, we say this because in 23 months he only had 4 rebounds separate by long periods of time. At the short support (Yellow Line) we have 5 rebounds in just 5 months, this is because the slope is tilted more, which makes it a less stable support that ends up breaking when the rate of rise can not be maintained.
Then we can conclude that the stock price will rise again, probably at a lower rate than what it was doing, although it may return to the previous rate.
I thank you very much for your reading and I am open to criticism and questions!
I´m sorry about my english, I try to translate al my analysis from the US and Argentinien market into english.
Regards!
Buy Alert for UNHMy WT Cross Strategy has alerted me to a buy signal for UNITEDHEALTH GROUP INC.( UNH ), at a price of $262.07 using a 120-min time frame. My idea is to buy the dip, at a price below $262.07. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length2 - 10
***
I have a Pro+ subscription for Tradingview so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
Ascending wedge, expect fall to 235Long term trend line and ultimate bottom trend. Ascending wedge pattern still being respected.
Short term bull, medium term bear (correction), followed by continued up movement along trend
UNH - Strong Long Term Hold (as long as in trend channel)From a technical perspective, UNH is a strong long term hold, very bring for a trader because it's volatility. UNH has proven itself in a strong bull channel trend, it even respects the channel support the most, and tends to periodically break through channel resistance before returning to the channel.
*Interesting Takes*
1. Rising Wedge - UNH has temporarily broken channel resistance and is starting to form a possible rising wedge if it plays out. If it plays out there will be a nice play for a short opportunity for ~10+ points - returning to the 50 EMA, and the original channel.
2. Double Top - though it is not lining up perfect for a double-top formation, it is pretty close & the volume is starting to cooperate with the potential short opportunity.
UNH : Stronger bullish signal from the original turtle rulesThe Turtles traded liquid futures, but the original turtle rules may be applied to the single stock case.
UNH is trying to recover from its January-February fall, but the recent two long signals from the turtle rules have been failed.
However, it hit the 55-day max last week and another long signal has been triggered.
As this signal is supposedly stronger than the previous two (which were from hitting the 20-day max), UNH may resume its up-trend.
UNH - bull flag on a solid chartBullflag violated, retest in progress. You can position yourself long and manage risk according to your profile. I am long 1/3 position at 236, stop under 232, see if market holds this time.
UNH - Slowing Down or Beginning of The End?This stock has been one of the best winners in healthcare over the past few years, in terms of company health, profitability and correlation to stock price action.
All the same, just like with A , the current market uncertainty has left the stock here in a wedge pattern after its earnings report.
Even though the earnings beat estimates, it was not better than the prior growth experienced and so combined with the overbought nature of the stock, this could be a sign that the stock is topping out at least for now.
In short, if the company fails to keep growing, fear could set in and investors will go ahead to ease off the gas pedal, leading to a possible bearish trend.
For now, I am looking for a bearish drift after earnings, but I look to stay longer if a bearish trend develops; losses will be cut quickly.
Stop @ 242.18
Target @ 227.79
$UNH Retrace and Breakout$UNH Retrace to 20 day ema complete and downtrend line breaking. Positive ER before open today.
UNH - Bull to Bear GartleyPrice could head upward completing the Gartley pattern then hit reversal zone to turn bearish. ABCD Pattern shows potential reversal zone.
UNH- Call option potentialAside from UNH being a very solid stock and consistently having showed positive results, if it can break through the fib resistance at 230, it could be a very strong week especially after the big dip the market just saw. If it breaks upward, I'm looking to do about a month till expiration... 3-23 or 3-30
UNH - Bullish Continuation PatternUNH posted better then expected earnings and raised expectations
breaking 230 level on high volume to an all time high
on the tecnical side there is a bullish rising three methods pattern which is an cotinuation to the upside
note previus pattern indicated on the chart - a nice bull flag
all signs show strong upside momentum
Breakout or Pullback on United Healthcare?Note: these are monthly candles and the scale is logarithmic.
UNH has been trading pretty consistently within a parallel channel on the logarithmic scale chart since 2009. UNH is now at the upper bound of that channel. There were a few months in 2011 where the stock broke out and managed to stay above the top of the channel before it came back and has traded inside there ever since. Looking at those months, the stock managed to go about 10% higher in price than the upper bound of the channel. Considering current market conditions, UNH may break out of this channel again, and I suspect it would have about 10% upside if it did. If this break out sustains, look to see the top of this channel act as support going forward. There is also the possibility that it could pull back and continue trading within the channel.
