How To Trade Unitedhealth Group UNH

November 09, 2022, 14:30 pmET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UNH

• Buy UNH slightly over 534.72 target 565.23 stop loss @ 533.18 Details

The technical summary data tells us to buy UNH near 534.72 with an upside target of 565.23. This data also tells us to set a stop loss @ 533.18 to protect against excessive loss in case the stock begins to move against the trade. 534.72 is the first level of support below 543.53 , and by rule, any test of support is a buy signal. In this case, support 534.72 is being tested, a buy signal would exist.

• Short UNH slightly under 565.23, target 534.72, stop loss @ 566.86 Details

The technical summary data is suggesting a short of UNH as it gets near 565.23 with a downside target of 534.72. We should have a stop loss in place at 566.86though. 565.23 is the first level of resistance above 543.53, and by rule, any test of resistance is a short signal. In this case, if resistance 565.23 is being tested, a short signal would exist.

Swing Trading Plans for UNH

• Buy UNH slightly over 555.40, target 565.23, Stop Loss @ 553.8 Details

If 555.40 begins to break higher, the technical summary data tells us to buy UNH just slightly over 555.40, with an upside target of 565.23. The data also tells us to set a stop loss @ 553.8 in case the stock turns against the trade. 555.40 is the first level of resistance above 543.53, and by rule, any break above resistance is a buy signal. In this case, 555.40, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short UNH slightly near 555.40, target 540.14, Stop Loss @ 557. Details

The technical summary data is suggesting a short of UNH if it tests 555.40 with a downside target of 540.14. We should have a stop loss in place at 557 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 555.40, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for UNH

• Buy UNH slightly over 548.57, target 555.40, Stop Loss @ 547.29 Details

If 548.57 begins to break higher, the technical summary data tells us to buy UNH just slightly over 548.57, with an upside target of 555.40. The data also tells us to set a stop loss @ 547.29 in case the stock turns against the trade. 548.57 is the first level of resistance above 543.53, and by rule, any break above resistance is a buy signal. In this case, 548.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short UNH slightly near 548.57, target 540.14, Stop Loss @ 549.85. Details

The technical summary data is suggesting a short of UNH if it tests 548.57 with a downside target of 540.14. We should have a stop loss in place at 549.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 548.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

UNH Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	502.72
P2	537.01	540.14	534.72
P3	548.57	555.40	565.23

Chart of UNH with Longer Term Pivots

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This report provides trading strategies for Unitedhealth Group (NYSE: UNH) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for UNH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if UNH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for UNH too.  All of these are offered below the Summary Table.