Score 8.7 (out of 10): UNITEDHEALTH GROUP INC sets up for +5.3% rally in 2 months

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What’s Going On Here?

UnitedHealth Group has committed $25 Million to New England Healthy Neighborhoods Fund.

Why Now?

UNITEDHEALTH GROUP INC has triggered a new technical analysis signal. During similar occasions, UNITEDHEALTH GROUP INC shares had a median return of +5.3%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for UNITEDHEALTH GROUP INC received a high score of 8.7 (out of 10). This insight was generated on 2022-July-14 with last price of 502.43.

What’s This Company About?

UNITEDHEALTH GROUP INC is in the Medical-HMO business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: UNH US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 529.29 (+5.3%) has been reached. Based on UNITEDHEALTH GROUP INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 486.43 (last price at 502.43), which is equivalent to a -3.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-2.7% (April-2022), 8.2% (January-2022), 0.8% (November-2021), 10.2% (September-2021), 3.3% (June-2021), 9.7% (April-2021), 4.9% (January-2021), 5% (October-2020), 5.7% (August-2020), 13.3% (May-2019).

Historical Chart:

Summary:

NameUNITEDHEALTH GROUP INC
ViewUp
Star (1 to 10)8.7
Target5.3%
Time2 months
Hit Rate90%

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