UnitedHealth Groups stock price (UNH) edged higher in latest intraday trading, while trying to recoup some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels compared to the prices movements, hinting at negative divergence.
Therefore we expect the price to decline and target the support of $249.00, provided the resistance of $342.00 holds on.
Todays price forecast: Bearish