UNH closes below its opening price unable to hold early session gains

UnitedHealth Group Incorporated (UNH) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


UNH closes below its opening price unable to hold early session gains
UNH finds buyers again around 259.11
UNH closes within previous day's range after lackluster session
UNH ends the day indecisive


UNH ended the week 1.22% higher at 260.36 after losing $1.23 (-0.47%) today. Trading $1.01 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (UNH as at Aug 10, 2018):

Daily technical analysis candlestick chart for UnitedHealth Group Incorporated (UNH) as at Aug 10, 2018

Friday's trading range was $2.39 (0.92%), that's below last trading month's daily average range of $3.12. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

After having been unable to move lower than 259.31 in the previous session, the stock found buyers again around the same price level today at 259.11.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying could speed up should prices move above the nearby swing high at 263.02 where further buy stops might get triggered.

Market Conditions for UNH as at Aug 10, 2018

Loading Market Conditions for UNH (UnitedHealth Group Incorporated)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when UnitedHealth Group Incorporated traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!