UNH closes below its opening price unable to hold early session gains
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for United Health Group Inc.
|Closed below last periods low||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Strong Down Move||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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