Unitedhealth Group UNH Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for UNH
  • Buy UNH slightly over 519.03 target 551.24 stop loss @ 517.53 Details
  • The technical summary data tells us to buy UNH near 519.03 with an upside target of 551.24. This data also tells us to set a stop loss @ 517.53 to protect against excessive loss in case the stock begins to move against the trade. 519.03 is the first level of support below 535.33 , and by rule, any test of support is a buy signal. In this case, support 519.03 is being tested, a buy signal would exist.

  • Short UNH under 551.24, target 519.03, stop loss @ 552.83 Details
  • The technical summary data is suggesting a short of UNH as it gets near 551.24 with a downside target of 519.03. We should have a stop loss in place at 552.83though. 551.24 is the first level of resistance above 535.33, and by rule, any test of resistance is a short signal. In this case, if resistance 551.24 is being tested, a short signal would exist.

Swing Trading Plans for UNH
  • Buy UNH slightly over 535.51, target 551.24, Stop Loss @ 533.96 Details
  • If 535.51 begins to break higher, the technical summary data tells us to buy UNH just slightly over 535.51, with an upside target of 551.24. The data also tells us to set a stop loss @ 533.96 in case the stock turns against the trade. 535.51 is the first level of resistance above 535.33, and by rule, any break above resistance is a buy signal. In this case, 535.51, 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 near 535.51, target 519.03, Stop Loss @ 537.06. Details
  • The technical summary data is suggesting a short of UNH if it tests 535.51 with a downside target of 519.03. We should have a stop loss in place at 537.06 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, 535.51, 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 535.51, target 542.90, Stop Loss @ 534.26 Details
  • If 535.51 begins to break higher, the technical summary data tells us to buy UNH just slightly over 535.51, with an upside target of 542.90. The data also tells us to set a stop loss @ 534.26 in case the stock turns against the trade. 535.51 is the first level of resistance above 535.33, and by rule, any break above resistance is a buy signal. In this case, 535.51, 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 near 535.51, target 535.05, Stop Loss @ 536.76. Details
  • The technical summary data is suggesting a short of UNH if it tests 535.51 with a downside target of 535.05. We should have a stop loss in place at 536.76 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, 535.51, 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 August 04:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 486.05
P2 535.05 535.51 519.03
P3 542.90 552.36 551.24

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UNH Long Term Analysis for August 4 2022


UNH Swing Trading Analysis for August 4 2022


UNH Day Trading Analysis for August 4 2022

With an objective approach to Unitedhealth Group (NYSE: UNH), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

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.