UnitedHealth Group Incorporated (UNH) declined in its latest intraday trading, with the short-term primary downtrend firmly in control as the stock continues to move along a descending trendline. Additional negative pressure persists as it trades below its 50-day simple moving average, reducing its chances of a near-term recovery. This comes alongside continued negative signals from the Relative Strength Indicators, even after the stock succeeded earlier in unwinding its oversold conditions.

 

Therefore, we expect the stock’s price to decline in the upcoming sessions, especially if it stabilizes below 316.40 dollars, targeting its first support level at 273.85 dollars.

 

Today’s price forecast: Bearish