UnitedHealth Group Incorporated (NYSE:UNH) Metastock Technical Forecast

UnitedHealth Group Incorporated (NYSE:UNH) Metastock Technical Forecast

UnitedHealth Group Incorporated (NYSE:UNH) Metastock Technical Forecast

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Coronavirus is leading us to the future of health care. It’s called ‘telemedicine’ 

UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments:

UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

The OptumHealth segment provides health services business serving the broad health care marketplace, including payers, care providers, employers, government, life sciences companies, and consumers.

The OptumInsight segment focuses on data and analytics, technology, and information to help major participants in the health care industry.

The OptumRx segment provides pharmacy care services.

The company was founded by Richard T. Burke in January 1977 and is headquartered in Minneapolis, MN.

Metastock Expert Advisors

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

MACD By MetaStock

Current Statistics

 Close:  242.450
 Change:  -12.940

MACD Value: -12.610
Signal Line: -13.517

The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.

Crossovers

Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 0 period(s) ago. Since the MACD crossed its moving average, UNITEDHEALTH GP’s price has been unchanged, and has ranged from a high of 251.420 to a low of 238.270.

Overbought/Oversold

The MACD is not in an Overbought/Oversold range.

Divergence

There have been no divergence signals within the last 5 periods.

DT Support & Resistance (longer)

UNITEDHEALTH GP appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed upside resistance level for UNITEDHEALTH GP is around 297.36. Expect prices to have some difficulty rising above this level. A break above this level (particularly on heavy volume) would be a bullish sign. The most recently confirmed downside support level for UNITEDHEALTH GP is around 216.05. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.

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