When the Price of Unitedhealth Group $UNH Talks, People Listen

June 20, 2023, 07:45 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UNH

• Buy UNH slightly over 453.12 target 483.65 stop loss @ 451.81 Details

The technical summary data tells us to buy UNH near 453.12 with an upside target of 483.65. This data also tells us to set a stop loss @ 451.81 to protect against excessive loss in case the stock begins to move against the trade. 453.12 is the first level of support below 458.5 , and by rule, any test of support is a buy signal. In this case, support 453.12 would be being tested, so a buy signal would exist.

• Short UNH slightly under 483.65, target 453.12, stop loss @ 485.05 Details

The technical summary data is suggesting a short of UNH as it gets near 483.65 with a downside target of 453.12. We should have a stop loss in place at 485.05though. 483.65 is the first level of resistance above 458.5, and by rule, any test of resistance is a short signal. In this case, if resistance 483.65 is being tested, so a short signal would exist.

Swing Trading Plans for UNH

• Buy UNH slightly over 477.09, target 483.65, Stop Loss @ 475.71 Details

If 477.09 begins to break higher, the technical summary data tells us to buy UNH just slightly over 477.09, with an upside target of 483.65. The data also tells us to set a stop loss @ 475.71 in case the stock turns against the trade. 477.09 is the first level of resistance above 458.5, and by rule, any break above resistance is a buy signal. In this case, 477.09, 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 477.09, target 455.29, Stop Loss @ 478.47. Details

The technical summary data is suggesting a short of UNH if it tests 477.09 with a downside target of 455.29. We should have a stop loss in place at 478.47 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, 477.09, 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 463.95, target 477.09, Stop Loss @ 462.87 Details

If 463.95 begins to break higher, the technical summary data tells us to buy UNH just slightly over 463.95, with an upside target of 477.09. The data also tells us to set a stop loss @ 462.87 in case the stock turns against the trade. 463.95 is the first level of resistance above 458.5, and by rule, any break above resistance is a buy signal. In this case, 463.95, 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 463.95, target 455.29, Stop Loss @ 465.03. Details

The technical summary data is suggesting a short of UNH if it tests 463.95 with a downside target of 455.29. We should have a stop loss in place at 465.03 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, 463.95, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Unitedhealth Group (UNH) available here: UNH.

UNH Ratings for June 20:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	453.12
P2	443.39	455.29	483.65
P3	463.95	477.09	512.14

AI Generated Signals for UNH

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Unitedhealth Group (NYSE: UNH) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for UNH can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.