UnitedHealth Group

UNH
Real-time BATS EXCHANGE - 04/02 04:45:09 pm
240.14USD
+1.31%

UnitedHealth Group : A trend reversal is in sight

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David Meurisse
Contributor / Partner

Strategy published on : 03/24/2020 | 08:51

long trade
Target price hit

Entry price : 202.13$
Target : 247$
Stop-loss : 179$
Potential : 22.2%

The technical chart pattern of UnitedHealth Group shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
Investors have an opportunity to buy the stock and target the $ 247.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 192.52, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● The company is not the most generous with respect to shareholders' compensation.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 244.91 USD

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