UnitedHealth stock: buy or sell
Jul 29th, 2021
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 setup||Buy point||Stop loss||Risk|
|ATH buy setup||$424.43||$381.99||10.00%|
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
We don't have any rating published in the previous month for UnitedHealth
UnitedHealth stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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.
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 $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for UnitedHealth stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.
We don't have any target price published in the last 4 weeks for UnitedHealth.
Earnings and financials
On July 15, UnitedHealth ($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.
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
|Wednesday, July 28th, 2021|
|Day range||$406.8 - $414.49|
|Average true range||$7.84|
|50d mov avg||$406.61|
|100d mov avg||$393.81|
|200d mov avg||$364.47|
|Earnings date||October 12th, 2021|