UnitedHealth Group Incorporated (UNH) stock price rose in its latest intraday trading, with the RSI beginning to show a positive crossover after reaching extremely oversold levels compared to the stocks movement, suggesting the formation of a positive divergence that may support further cautious gains in the coming period. However, negative pressure continues due to the stock trading below its 50-day SMA, while the main bearish trend remains dominant in both the medium and short term.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $299.50 remains intact, targeting the support level at $266.30.

Todays price forecast: Bearish