Unitedhealth Group Incorporated Stock Technical Analysis

UNH Stock  USD 493.10  0.79  0.16%   
As of the 28th of March, UnitedHealth Group has the Variance of 1.57, risk adjusted performance of (0.02), and Coefficient Of Variation of (1,887). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of UnitedHealth Group, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for UnitedHealth Group Incorporated, which can be compared to its competition. Please validate UnitedHealth Group variance and potential upside to decide if UnitedHealth Group is priced more or less accurately, providing market reflects its prevalent price of 493.1 per share. Given that UnitedHealth Group has information ratio of (0.16), we advise you to double-check UnitedHealth Group Incorporated's current market performance to make sure the company can sustain itself at a future point.

UnitedHealth Group Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as UnitedHealth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UnitedHealth
  
UnitedHealth Group's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

UnitedHealth Group Analyst Consensus

Target PriceAdvice# of Analysts
558.19Strong Buy27Odds
UnitedHealth Group Incorporated current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most UnitedHealth analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand UnitedHealth stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of UnitedHealth Group, talking to its executives and customers, or listening to UnitedHealth conference calls.
UnitedHealth Analyst Advice Details
UnitedHealth Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of UnitedHealth Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of UnitedHealth Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

UnitedHealth Group Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of UnitedHealth Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

UnitedHealth Group Trend Analysis

Use this graph to draw trend lines for UnitedHealth Group Incorporated. You can use it to identify possible trend reversals for UnitedHealth Group as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual UnitedHealth Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

UnitedHealth Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for UnitedHealth Group Incorporated applied against its price change over selected period. The best fit line has a slop of   0.79  , which may imply that the returns on investment in UnitedHealth Group Incorporated will continue to fail. It has 122 observation points and a regression sum of squares at 23730.92, which is the sum of squared deviations for the predicted UnitedHealth Group price change compared to its average price change.

About UnitedHealth Group Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of UnitedHealth Group Incorporated on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of UnitedHealth Group Incorporated based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on UnitedHealth Group price pattern first instead of the macroeconomic environment surrounding UnitedHealth Group. By analyzing UnitedHealth Group's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of UnitedHealth Group's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to UnitedHealth Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio27.3924.6121.8314.1
Short Term Coverage Ratios6.178.435.473.52

UnitedHealth Group March 28, 2024 Technical Indicators

Most technical analysis of UnitedHealth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for UnitedHealth from various momentum indicators to cycle indicators. When you analyze UnitedHealth charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

UnitedHealth Group March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as UnitedHealth stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether UnitedHealth Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UnitedHealth Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Unitedhealth Group Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Unitedhealth Group Incorporated Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UnitedHealth Group Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for UnitedHealth Stock analysis

When running UnitedHealth Group's price analysis, check to measure UnitedHealth Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UnitedHealth Group is operating at the current time. Most of UnitedHealth Group's value examination focuses on studying past and present price action to predict the probability of UnitedHealth Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UnitedHealth Group's price. Additionally, you may evaluate how the addition of UnitedHealth Group to your portfolios can decrease your overall portfolio volatility.
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Is UnitedHealth Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UnitedHealth Group. If investors know UnitedHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UnitedHealth Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.16
Dividend Share
7.29
Earnings Share
23.88
Revenue Per Share
400.455
Quarterly Revenue Growth
0.141
The market value of UnitedHealth Group is measured differently than its book value, which is the value of UnitedHealth that is recorded on the company's balance sheet. Investors also form their own opinion of UnitedHealth Group's value that differs from its market value or its book value, called intrinsic value, which is UnitedHealth Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UnitedHealth Group's market value can be influenced by many factors that don't directly affect UnitedHealth Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UnitedHealth Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if UnitedHealth Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UnitedHealth Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.