Unitedhealth Group Inc (UNH) Heads Down For the 2nd Consecutive Day; in an Uptrend Over Previous 90 Days

The Hourly View for UNH

Final Up to date December 11, 2020, 12:27 GMT

On the time of this writing, UNH’s price is down $-1.79 (-0.52%) from the hour prior. This transfer is a reversal from the hour prior, which noticed price transfer down. As for the development on the hourly timeframe, we see the clearest development on the 100 hour timeframe. Of word is that the 50 hour modified instructions on UNH; it’s now pointing down. The shifting averages on the hourly timeframe counsel a choppiness in price, because the 20, 50 and 100 are all in a blended alignment — which means the development throughout timeframes is inconsistent, indicating a possible alternative for rangebound merchants.

Unitedhealth Group Inc Every day price Recap

Unitedhealth Group Inc is down 1.38% ($4.76) since the day prior to this, marking the 2nd consecutive day a decline has occurred. The change in price got here alongside aspect change in quantity that was up 11.38% from earlier day, however down 24.14% from the Thursday of final week. Under is a every day price chart of Unitedhealth Group Inc.

Unitedhealth Group Inc Technical Evaluation

Notably, the present price of Unitedhealth Group Inc is sitting near its 20 and 50 day shifting averages; shifting common crosses typically point out a change in momentum, so this may be worth maintaining a tally of. Volatility for Unitedhealth Group Inc has been contracting over the previous two weeks relative to volatility over the previous month. Whether or not volatility reverts will likely be one thing to look at. Pattern merchants will need to observe that the strongest development seems on the 14 day horizon; over that point interval, price has been shifting up. For added context, word that price has gone up 5 out of the previous 10 days.

Overheard Across the Net

Over on StockTwits, right here’s an instance of what they’re saying about UNH:

📈 Image: $UNH
Course: BULLISH
Time (EST): 2020-12-10 11:24:23
Present Stock price: 341.97$
AI Confidence Rating: 🔥 99.60% 🔥

👉 Statistics
Calls Quantity -> Right this moment: 914, Common Final 5 Days: 356
Calls Premiums -> Right this moment: 1.2M, Common Final 5 Days: 200.9K
Calls Common Bid-Ask -> Right this moment: 34.33, Common Final 5 Days: 44.28
Quantity > OI Calls -> Right this moment: 3, Common Final 5 Days: 1.00
Common Days till Expiration -> Right this moment: 40.2, Common Final 5 Days: 18.8
Common Strike price -> Right this moment: 322.50, Common Final 5 Days: 310.56

– Tradytics