MINNETONKA, MN – UnitedHealth Group Inc. (UNH) shares ended the week deep in the red after a midday rally attempt failed, leading to a significant sell-off that continued into after-hours trading. This price action sets a clear bearish tone for the start of the new trading week.
The healthcare and insurance giant closed the session at
4.99 (1.57%). While the stock saw a brief period of strength, reaching a daily high of $317.42 around noon, it could not sustain the momentum. Sellers took firm control in the afternoon, pushing the stock down to a low of $311.91.
The negative sentiment was further confirmed after the market close, as the stock slipped another 0.17% to $312.99 in the after-hours session, indicating that the selling pressure has not yet subsided.
Analysis for Monday:
The technical signals for UnitedHealth are strongly bearish heading into the new week. The combination of a failed intraday rally, a close near the day’s low, and a continued decline in after-hours trading points to a high probability of further downside on Monday.
The market has shown that sellers are in control at current levels. Investors should watch the daily low of $311.91 as a critical support level. A break below this point could trigger another wave of selling and confirm the continuation of the downtrend.
