UnitedHealth stock: buy or sell

UNH stock price: $351.30 0.22% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

2

UnitedHealth stock brief

  • After hitting all-time highs on January 8, UnitedHealth closed on Friday at $351.30 just changing a 0.22%
  • UnitedHealth made public its earnings report last Wednesday
  • With the recent gains, UnitedHealth is approaching to new all-time highs again, that are now just 4.41% above the current price
  • From the chart point view, price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This uptrend marked a 21.73% gain
  • 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?

Currently, UnitedHealth stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $UNH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell UnitedHealth stock?

When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our feelings or the buzz that surrounds the market. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting UnitedHealth stock

As a rule of thumb, you should never mantain a trading operation that leads to greater losses than those expected by the time of the buy. The moment to sell shares always has to be determined 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

In the last month, 2 ratings were published for UnitedHealth

UnitedHealth analysts' ratings - Last 30 days
Brokerage firmRating
Jan 5th, 2021
Truist Neutral
Jan 7th, 2021
Deutsche Bank Aktiengesellschaft Strong buy

UnitedHealth stock analysis

UnitedHealth stock started an uptrend in September 2020, and grew an amazing 21.73%. The price shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to enter. Latest low was in mid-December, when price bounced at $329.40. Like in all uptrends, price needs to rest and currently price is moving in a range between $367.49 and $329.40

$UNH at All-time Highs

On January 8, UnitedHealth hit new all-time highs (ATH) again at $367.49. Previous ATHs were last November

SMAs overview

UNH stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $352.83 (0.44% above)
  • R2: $366.63 (4.36% above)
  • R3: $367.49 (4.61% above)
  • The current support levels are:

  • S1: $334.45 (-4.80% below)
  • S2: $329.40 (-6.23% below)
  • S3: $327.96 (-6.64% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 8, the price dropped by 4.41%

    UNH stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without any indication of overbought and oversold, the indicator gets of little use, and we are currently in one of these cases.

    UNH stock RSI chart

    UnitedHealth stock price history

    UnitedHealth started trading priced at an adjusted price1 of $0.00 on Oct 1984. Since then, UNH stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in UnitedHealth stock on the IPO, it would have a value of $inf today.

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

    UNH stock price history chart

    Price target for UnitedHealth stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions publish their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. If you are a small investor you must not trade based on these projections.

    There are 2 price forecasts released for UnitedHealth that average $412.00. That is a 17.28% than the current price ($351.30).

    UnitedHealth stock price predictions
    Brokerage firmPrice target
    Jan 5th, 2021
    Truist $400.00$420.00
    Jan 7th, 2021
    Deutsche Bank Aktiengesellschaft $359.00$404.00

    Earnings and financials

    Last Wednesday, UnitedHealth ($UNH) hosted the quarterly investors call and released the report.

    This compares to Earnings of $3.90 per share a year ago, so reported EPS is -100.00%.

    UnitedHealth ($UNH) will host the earnings call next April.

    UnitedHealth performance

    UNH performance compared
    Company1m3m6m
    UnitedHealth ($UNH) 4.30% 8.30% 15.40%

    Disclaimer:
    The comments written in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the specific scenarios of the reader, his or her 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 Viewpoints are provided for learning purposes only

    UnitedHealth summary

    Friday, January 15th, 2021
    Open$349.12
    Close$351.3
    Day range$345.74 - $353.05
    Previous close$350.53
    Session gain0.22%
    Average true range$10.58
    50d mov avg$345.78
    100d mov avg$328.71
    200d mov avg$310.26
    Earnings dateApril 14th, 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 received 2 ratings in the last 30 days: 1 bullish, 0 bearish and 1 neutral.

    Will UNH go up?

    UnitedHealth had different price forecasts posted by analysts in the last month setting the target price to $412.00. That is a 17.28% than the last price ($351.30).