Stocks

UnitedHealth may fall to 439.00 - 448.00

2024-06-22

Our pivot point is at 499.

Our preference

The downside prevails as long as 499 is resistance.

Alternative scenario

The upside breakout of 499 would call for 516 and 526.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 497.197 and 494.143).

Supports and resistances

526 **

516 *

499 **

493

484.52 (USD-last)

459

448 **

439 *

429 **

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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