How the price action of Unitedhealth Group (UNH) is used to our Advantage
November 19, 2022, 06:45 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UNH
- Buy UNH slightly over 503.96 target 536.00 stop loss @ 502.5 Details
The technical summary data tells us to buy UNH near 503.96 with an upside target of 536.00. This data also tells us to set a stop loss @ 502.5 to protect against excessive loss in case the stock begins to move against the trade. 503.96 is the first level of support below 530 , and by rule, any test of support is a buy signal. In this case, support 503.96 would be being tested, so a buy signal would exist.
- Short UNH slightly under 536.00, target 503.96, stop loss @ 537.55 Details
The technical summary data is suggesting a short of UNH as it gets near 536.00 with a downside target of 503.96. We should have a stop loss in place at 537.55though. 536.00 is the first level of resistance above 530, and by rule, any test of resistance is a short signal. In this case, if resistance 536.00 is being tested, so a short signal would exist.
Swing Trading Plans for UNH
- Buy UNH slightly over 536.00, target 567.01, Stop Loss @ 534.45 Details
If 536.00 begins to break higher, the technical summary data tells us to buy UNH just slightly over 536.00, with an upside target of 567.01. The data also tells us to set a stop loss @ 534.45 in case the stock turns against the trade. 536.00 is the first level of resistance above 530, and by rule, any break above resistance is a buy signal. In this case, 536.00, 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 536.00, target 519.98, Stop Loss @ 537.55. Details
The technical summary data is suggesting a short of UNH if it tests 536.00 with a downside target of 519.98. We should have a stop loss in place at 537.55 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, 536.00, 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 536.00, target 567.01, Stop Loss @ 534.75 Details
If 536.00 begins to break higher, the technical summary data tells us to buy UNH just slightly over 536.00, with an upside target of 567.01. The data also tells us to set a stop loss @ 534.75 in case the stock turns against the trade. 536.00 is the first level of resistance above 530, and by rule, any break above resistance is a buy signal. In this case, 536.00, 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 536.00, target 519.98, Stop Loss @ 537.25. Details
The technical summary data is suggesting a short of UNH if it tests 536.00 with a downside target of 519.98. We should have a stop loss in place at 537.25 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, 536.00, 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.
Real Time Updates are available on our Unitedhealth Group (UNH) Page here: UNH.
UNH Ratings for November 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
503.96 |
| P2 |
501.20 |
498.75 |
536.00 |
| P3 |
518.93 |
519.98 |
567.01 |
Support and Resistance Plot Chart for UNH
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Unitedhealth Group (NYSE: UNH) data table below can help you with price action, and we have more details too. Trading plans for UNH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for UNH:
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