Moving Average Resistance Caps UNH at $370.95
UnitedHealth Group Inc (UNH) retreated 1.34%, ending the session at $370.95 on October 9.
Key indicators suggest a mixed bias:
Momentum
RSI at 40.2 is showing no strong directional bias. MACD reads -4.99 against its -5.95 signal line (bullish).
Moving Averages
Price sits below both the 9-day ($373.93) and 21-day ($377.63) EMAs, suggesting short-term weakness.
Volatility
A 4-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $366.85.
Traders are watching $366.85 on the downside and $382.73 on the upside.
