US stocks · Sell signal, week 8
UnitedHealth slips 1.2% and drops below its 50-week average 2 weeks before earnings
Our view last week
UnitedHealth ends the week almost flat, down 0.1%, yet inside the candle the balance shifts: buyers take 69% of volume, after 32% a week ago and 10% two weeks ago. For UnitedHealth stock the decline still stands: money flow is rising but has been negative for 7 weeks, and the MACD keeps worsening. Technical analysis finds the price resting on the 200-day average, in the 374 area. Among US stocks on a sell signal, this short is 6.3% in profit.
This week's summary
UnitedHealth slips 1.2% and loses the footing it still had a week ago: the price closes below its 200-day average and its 50-week average, both in the 374 area. For UnitedHealth stock it is the 4th straight weekly decline, with the MACD still weakening; money flow has been improving for 2 weeks and stays negative. Technical analysis also shows contracting volumes, with earnings on October 13 now close. Among US stocks on a sell signal, this short is 7.4% in profit.
IQS Phase
58
ordinary
Signal Strength
17
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#121 / 175
US stocks
Trade P&L %
+7.43%
from signal to date, no stop loss
UnitedHealth (UNH) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 121st among the 175 sell signals for US stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -2.65% · monthly -3.91%
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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