Stocks

UnitedHealth may rise to 555.00 - 567.00

2024-05-24

500 is our pivot point.

Our preference

The upside prevails as long as 500 is support.

Alternative scenario

The downside breakout of 500 would call for 481 and 469.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 506.2015 and 488.7596).

Supports and resistances

578 **

567 *

555 **

543

516.83 (USD-last)

508

500 **

481 *

469 **

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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