Stocks

UnitedHealth may rise to 634.00 - 651.00

2024-08-25

557 is our pivot point.

Our preference

As long as 557 is support look for 634.

Alternative scenario

The downside breakout of 557 would call for 530 and 514.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 574.4225 and 538.2622).

Supports and resistances

667 **

651 *

634 **

618

584.51 (USD-last)

568

557 **

530 *

514 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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