Sell signal, confirmation week 2
UnitedHealth Sheds 2.9%, Diverging From a Strong Healthcare Sector
Our view last week
UnitedHealth stock sheds 1.3% this week: the daily chart shows a run of five lower highs, from the 437 area down to 407. A new sell signal fires — 6th of 101 in our US technical analysis ranking — just as the healthcare sector overall stays in a strength phase, a divergence worth watching. The stock is now boxed between resistance and support levels sitting close together.
This week's summary
UnitedHealth sheds 2.9% this week and extends its run of lower highs on the daily chart, from the 432 area down to 407: the decline is making lower lows with the pace holding, no sign of easing. Money flow stays in distribution and sellers remain slightly prevalent, even as volume contracts. In the background, a divergence worth watching: the healthcare sector overall stays in a strength phase, running counter to the stock.
IQS Phase
77
in tension
Signal Strength
82
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#6 / 93
US stocks sell signals
Trade P&L %
+2.89%
from signal to date, no stop loss
Rank position
ranks 6th among the 93 sell signals for US stocks in our ranking, with a signal strength of 82 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
UNH belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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