UnitedHealth stock: week 16 of a buy trade, +36%
UnitedHealth stock slips 1.5% as sell volume climbs to 85%, testing the rally
UnitedHealth stock: week 16 of a buy trade, +36%
Our view last week
UnitedHealth shares stay almost flat (-1.3%) but the tape is shifting underneath: sell volume climbs to 83% of trading, up for a fifth straight week, while weekly money flow, still positive, keeps drifting toward zero. The weekly ADX keeps rising, though, and confirms a trend that hasn't lost its conviction. The buy trade, running for 15 weeks, stays above 38% in gains.
This week's summary
UnitedHealth stock slips 1.5% this week, and the picture tightens: sell volume climbs to 85% of trading, the 6th straight week of increase, while the daily chart prints a bearish bar engulfing the prior session. The weekly ADX, though, keeps rising and confirms the underlying trend hasn't lost conviction. The buy trade, now in its 16th week, stays above 36% in gains.
IQS Phase
52
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#24 / 120
US stocks in progress
Trade P&L %
+36.17%
from signal to date, no stop loss
Rank position
ranks 24th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -0.01% · monthly +1.89%
UNH belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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