Based on the current technical indicators and market sentiment, the lowest share price that UnitedHealth Group (UNH) is likely to hit is around $250.57. Here's why:
- Bollinger Bands: UNH's current closing price is $298.26, which is very close to the upper Bollinger Band of $375.23 and the mid Bollinger Band of $312.90. The lower Bollinger Band is at $250.57, suggesting that the stock has some room to move downwards before it reaches the lower end of its recent range1.
- MACD and RSI: The Moving Average Convergence Divergence (MACD) is at 11.65, which is relatively low and suggests that the stock may have some downward momentum. The Relative Strength Index (RSI) is at 32.54, which is considered to be in the oversold territory but not yet in the oversold condition. This suggests that the stock may have been experiencing some selling pressure, but it is important to note that the RSI is not yet indicating an extreme condition2.
- Moving Averages: The 5-day moving average is $298.26, the 10-day moving average is $312.90, and the 20-day moving average is $312.90. The short-term moving averages are above the long-term moving averages, suggesting a bullish trend in the immediate term3.
In conclusion, while there is no definitive lowest share price that UNH is guaranteed to hit, the current technical indicators suggest that the stock has some room to move downwards before it reaches the lower end of its recent range. Therefore, it is prudent to consider a potential drop to the lower Bollinger Band of $250.57 as a possible lowest share price.
6/5/2025 06:03pm
