Learn to Evaluate Unitedhealth Group (UNH) using the Charts

February 23, 2023, 12:15 pmET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UNH

• Buy UNH slightly over 485.56 target 520.92 stop loss @ 484.16 Details

The technical summary data tells us to buy UNH near 485.56 with an upside target of 520.92. This data also tells us to set a stop loss @ 484.16 to protect against excessive loss in case the stock begins to move against the trade. 485.56 is the first level of support below 486.95 , and by rule, any test of support is a buy signal. In this case, support 485.56 would be being tested, so a buy signal would exist.

• Short UNH slightly under 520.92, target 485.56, stop loss @ 522.42 Details

The technical summary data is suggesting a short of UNH as it gets near 520.92 with a downside target of 485.56. We should have a stop loss in place at 522.42though. 520.92 is the first level of resistance above 486.95, and by rule, any test of resistance is a short signal. In this case, if resistance 520.92 is being tested, so a short signal would exist.

Swing Trading Plans for UNH

• Buy UNH slightly over 492.10, target 503.30, Stop Loss @ 490.68 Details

If 492.10 begins to break higher, the technical summary data tells us to buy UNH just slightly over 492.10, with an upside target of 503.30. The data also tells us to set a stop loss @ 490.68 in case the stock turns against the trade. 492.10 is the first level of resistance above 486.95, and by rule, any break above resistance is a buy signal. In this case, 492.10, 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 492.10, target 485.56, Stop Loss @ 493.52. Details

The technical summary data is suggesting a short of UNH if it tests 492.10 with a downside target of 485.56. We should have a stop loss in place at 493.52 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, 492.10, 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 488.84, target 492.10, Stop Loss @ 487.7 Details

If 488.84 begins to break higher, the technical summary data tells us to buy UNH just slightly over 488.84, with an upside target of 492.10. The data also tells us to set a stop loss @ 487.7 in case the stock turns against the trade. 488.84 is the first level of resistance above 486.95, and by rule, any break above resistance is a buy signal. In this case, 488.84, 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 488.84, target 485.56, Stop Loss @ 489.98. Details

The technical summary data is suggesting a short of UNH if it tests 488.84 with a downside target of 485.56. We should have a stop loss in place at 489.98 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, 488.84, 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 February 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	485.56
P2	488.84	492.10	520.92
P3	493.48	503.30	554.71

Chart of UNH with Longer Term Pivots

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Unitedhealth Group (NYSE: UNH) report below can help you understand how to do this. The trading plans for UNH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.