Unitedhealth Group Inc (UNH) Makes Big Move Relative to Two Week Trend, Crosses 20 Day Moving Average; in a Downtrend Over Past 30 Days

The Hourly View for UNH

Last Updated March 1, 2021, 12:31 GMT

At the time of this writing, UNH’s price is up $4.08 (1.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Unitedhealth Group Inc Daily price Recap

The choppiness in the recent daily price action of Unitedhealth Group Inc continues; to start today, it came in at a price of 332.22 US dollars, up 1.02% ($3.35) since the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 95.48% from the day prior, and up 105.87% from the same day the week before. The daily price chart of Unitedhealth Group Inc below illustrates.

Unitedhealth Group Inc Technical Analysis

Notably, Unitedhealth Group Inc crossed above its 20 day moving average yesterday. Volatility for Unitedhealth Group Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Unitedhealth Group Inc’s price has gone up 15 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

9 of 11 $TRV $UNH $V Finally the best practice is to use the SSI live within a screener with hundreds of instruments being automatically sorted every few seconds. This way the best selections for long or short trades are picked continuously with a high success rate … see 10/11

– GemsBot