Stocks

UnitedHealth may rise to 634.00 - 652.00

2024-08-08

Our pivot point is at 538.

Our preference

As long as 538 is support look for 634.

Alternative scenario

Below 538, expect 508 and 490.

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 555.327 and 518.027).

Supports and resistances

671 **

652 *

634 **

615

568.35 (USD-last)

551

538 **

508 *

490 **

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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