UnitedHealth stock: buy or sell

UNH stock price: $409.17 -1.43% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

UnitedHealth stock brief

  • UnitedHealth closed on Wednesday at $409.17 after slicing a -1.43%.
  • UnitedHealth posted its earnings report on July 15
  • UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.

Should I buy UnitedHealth stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $UNH stock a buy?

In the current situation of UnitedHealth there is just one buy setup eligible:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. UnitedHealth can break to ATH any time soon, as it only needs to rise a 3.73%. Setup your buy order at $424.43 if you want to trade with this strategy. The stop loss would be ordered at $381.99

Buy setupBuy pointStop lossRisk
ATH buy setup$424.43$381.9910.00%

Should I sell UnitedHealth stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid rash decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very simple to follow but are only valid for selling stocks in your porfolio, not for selling short $UNH stock

As a rule of thumb, you should never mantain an investment that leads to losses greater than those expected by the time of purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell UnitedHealth stock?

In the current situation of UnitedHealth there is not any eligible sell setup, so UnitedHealth stock holders with operations in profit can keep their positions

UnitedHealth ratings

We don't have any rating published in the previous month for UnitedHealth

UnitedHealth stock analysis

SMAs overview

UNH stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $422.53 (3.27% above)
  • R2: $424.43 (3.73% above)
  • The current support levels are:

  • S1: $387.25 (-5.36% below)
  • S2: $364.85 (-10.83% below)
  • S3: $364.00 (-11.04% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart shows that they are pretty close to each other (less than 5%), which clearly indicates that price volatility is low. The narrowness of the Bollinger bands is frequently a sign of a sudden price movement (up or down), so we must be watchful and manage our buy or sell orders correctly

    UNH stock Bollinger Bands chart

    Relative strength index

    When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator loses its usefulness, and we currently are in one of these cases.

    UNH stock RSI chart

    UnitedHealth stock price history

    UnitedHealth went public on Oct 17th, 1984 priced at $0.00 per share1. Since then, UNH stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    UNH stock price history chart

    Price target for UnitedHealth stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.

    We don't have any target price published in the last 4 weeks for UnitedHealth.

    Earnings and financials

    On July 15, UnitedHealth ($UNH) hosted the quarterly earnings call and posted the report. The company posted adjusted EPS that slightly enhanced Market expectations. Quarterly EPS was $4.70 per share versus the estimated $4.43.

    This compares to Earnings of $7.12 per share a year ago, so current EPS is a drop of -33.99%. Looking at sales, figures exploded a 14.78% compared to $621.4B same quarter a year ago.

    UnitedHealth ($UNH) is presenting financial report next October. Analysts expect of $4.40, that is a 6.38% lower than Q2.

    UnitedHealth performance

    UNH performance compared
    Company1m3m6m
    UnitedHealth ($UNH) 1.80% 3.50% 22.40%

    Please read:
    The thoughts expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the particular conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational motives only

    UnitedHealth summary

    Wednesday, July 28th, 2021
    Open$414.49
    Close$409.17
    Day range$406.8 - $414.49
    Previous close$415.1
    Session gain-1.43%
    Average true range$7.84
    50d mov avg$406.61
    100d mov avg$393.81
    200d mov avg$364.47
    Earnings dateOctober 12th, 2021

    Frequently asked questions

    What is UnitedHealth stock symbol?

    UnitedHealth Group Incorporated is a public company trading in the US stock market with the UNH symbol

    Is UnitedHealth stock a buy or sell?

    UnitedHealth had no ratings in the last 30 days Read the article to get additional tips on trading UNH stock.

    Will UNH go up?

    There were no forecasts published by market analysts in the last month for UnitedHealth.