Unitedhealth Group Inc (UNH) Up 1.19%; price Base in Formation Over Past 14 Days
The Hourly View for UNH
Last Updated January 22, 2021, 15:53 GMT
At the moment, UNH’s price is down $-2.67 (-0.75%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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
Unitedhealth Group Inc entered today at $355, up 1.19% ($4.16) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 22.29% from the day prior, and up 37.77% from the same day the week before. Let’s take a look at the daily price chart of Unitedhealth Group Inc.
Unitedhealth Group Inc Technical Analysis
Coming into today Unitedhealth Group Inc is now close to its 20 day averages, located at 350.87 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 6 out of the past 10 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to UNH:
U Downgraded by Bank of America with price target $102.00 ➝ $127.00 and rating Neutral ➝ Underperform
UNH Reiterated by Bank of America with price target 415 and rating Buy | UNH Target Raised by Deutsche Bank Aktiengesellschaft with price target $404.00 ➝ $409.00 and rating Buy
URBN Target Raised by Deutsche Bank Aktiengesellschaft with price target $31.00 ➝ $32.00 and rating Positive ➝ Hold
VFC Upgraded by Deutsche Bank Aktiengesellschaft with price target $81.00 ➝ $103.00 and rating Hold ➝ Buy
VIAC Target Raised by Needham & Company LLC with price target $36.00 ➝ $55.00 and rating Buy
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[No bias / position]
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