$UNH +2.24% Testing Resistance Eyes $340+
$UnitedHealth(UNH)$
UNH Rallies +2.24%: Testing Resistance After Bounce, Eyes $340+
Latest Close Data
Closed at $338.43 (+2.24%, +$7.41). The stock remains ~44% below its 52-week high of $606.36.
Core Market Drivers
The rally was driven by a general rebound in the healthcare sector and net positive capital inflows, with small and medium-sized orders leading the charge.
Recent short volume ratios have been moderate, suggesting no intense selling pressure.
Technical Analysis
Volume ratio of 1.13 indicates slightly above-average activity supporting the move.
The 6-day RSI at 52.43 shows neutral momentum, recovering from a recent dip to 37.58. MACD (DIF: 1.51, DEA: 1.96.
MACD: -0.89) remains negative but the histogram is contracting, hinting at potential momentum stabilization.
Key Price Levels
Primary Support: $331.60 (yesterday's identified level).
Strong Resistance: $338.60 (immediate hurdle; tested today).
Immediate Pivot: ~$338.50. A close above this level could open the path to $340+.
Valuation Perspective
TTM P/E of 17.61x is below the historical forward P/E average of ~18.94x, suggesting the stock is trading at a reasonable valuation relative to its own history.
Analyst Targets
27 analysts have an average price target of $399.75 (upside ~18%). Sentiment is bullish with 5 Strong Buy, 15 Buy, 8 Hold, 1 Underperform, and 1 Sell ratings.
Weekly Outlook
Expect consolidation between $331 and $340 in the near term. A decisive break above $340 could target the $345-$350 zone. Failure to hold $331 may see a retest of $326.50 (today's low).
Risk Disclaimer
This content is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal. Please conduct your own research or consult a qualified financial advisor before making any investment decisions.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
