UNITEDHEALTH GROUP INC. - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 511.59 USD
My targets
531.81 USD (+2.90%)
544.07 USD (+5.27%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 511.59 USD remains possible. It is advisable to trade UNITEDHEALTH GROUP INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 511.59 USD. The next bullish objective for buyers is set at 531.81 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 544.07 USD. PS: if there is a bearish break in the support located at 511.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNITEDHEALTH GROUP INC. rating 516.81 USD. The price registered a decrease of -0.03% on the session and was traded between 512.72 USD and 519.14 USD over the period. The price is currently at +0.80% from its lowest and -0.45% from its highest.512.72
519.14
516.81
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UNITEDHEALTH GROUP INC. chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 492.18 | 502.20 | 511.59 | 516.81 | 518.67 | 531.81 | 544.07 |
| Change (%) | -4.77% | -2.83% | -1.01% | - | +0.36% | +2.90% | +5.27% |
| Change | -24.63 | -14.61 | -5.22 | - | +1.86 | +15.00 | +27.26 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 502.36 | 507.08 | 512.02 | 516.74 | 521.68 | 526.40 | 531.34 |
| Camarilla | 514.29 | 515.18 | 516.07 | 516.95 | 517.84 | 518.72 | 519.61 |
| Woodie | 502.46 | 507.14 | 512.12 | 516.80 | 521.78 | 526.46 | 531.44 |
| Fibonacci | 507.08 | 510.77 | 513.05 | 516.74 | 520.43 | 522.71 | 526.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 461.68 | 476.96 | 497.80 | 513.08 | 533.92 | 549.20 | 570.04 |
| Camarilla | 508.70 | 512.01 | 515.32 | 518.63 | 521.94 | 525.25 | 528.56 |
| Woodie | 464.45 | 478.35 | 500.57 | 514.47 | 536.69 | 550.59 | 572.81 |
| Fibonacci | 476.96 | 490.76 | 499.29 | 513.08 | 526.88 | 535.41 | 549.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 400.32 | 425.01 | 469.32 | 494.01 | 538.32 | 563.01 | 607.32 |
| Camarilla | 494.66 | 500.98 | 507.31 | 513.63 | 519.96 | 526.28 | 532.61 |
| Woodie | 410.13 | 429.92 | 479.13 | 498.92 | 548.13 | 567.92 | 617.13 |
| Fibonacci | 425.01 | 451.37 | 467.65 | 494.01 | 520.37 | 536.65 | 563.01 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.22 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | -5.27 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 518.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 525.34 | |
| Elder Ray (13): | -1.90 | |
| Super Trend (3,10): | 511.13 | |
| Zig ZAG (10): | 515.65 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 30.54 | |
| TEMA (21): | 517.22 | |
| Williams %R (14): | -68.81 | |
| Chande Momentum Oscillator (20): | -6.12 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.51 |
| MA7: | 514.81 | |
| MA20: | 495.55 | |
| MA50: | 492.63 | |
| MA100: | 497.79 | |
| MAexp7: | 516.78 | |
| MAexp20: | 517.08 | |
| MAexp50: | 513.38 | |
| MAexp100: | 506.24 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +4.29% | |
| Price / MA50: | +4.91% | |
| Price / MA100: | +3.82% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +2.09% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on UNITEDHEALTH GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- UnitedHealth Group Commits $25 Million to New England Healthy Neighborhoods Fund
- UnitedHealth Group 2021 Sustainability Report Includes New Health Equity and Environmental Health Commitments
- UnitedHealth Group Provides Updates on Annual Shareholder Meeting, Board Actions
- UnitedHealth Group Announces Earnings Release Date
- UnitedHealth Group Reports First Quarter 2022 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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