- "Healthcare Stocks at Higher Timeframe Support (Golden Ratio) —Bounce Incoming?"
Key Reasons for UNH’s Stock Decline
✅ CEO Resignation → Andrew Witty stepped down for personal reasons, and former CEO Stephen Hemsley returned to stabilize the company.
✅ Suspended 2025 Outlook → UNH withdrew its financial guidance, citing higher-than-expected medical costs from new Medicare Advantage members.
✅ Regulatory Scrutiny → The DOJ is investigating UNH for possible Medicare fraud, adding uncertainty.
✅ Cybersecurity Breach → A massive data breach at its subsidiary Change Healthcare affected 190 million records, disrupting operations.
✅ Stock Market Reaction → UNH shares plummeted 16% in a single day, marking their lowest level in nearly five years.
🔹 Future Outlook
Despite setbacks, UNH remains a dominant player in healthcare, with over 50 million insured members. Analysts believe the company can recover under Hemsley’s leadership, but short-term volatility remains high.
United Health Group (UNH) trading at 250$ 0.618 F5 Support ( Golden Ratio )
Anticipating buyers to come in at this level.
XLV. The Health Care Select Sector SPDR Fund (XLV) is an exchange-traded fund (ETF) that tracks the healthcare sector within the S&P 500. It includes companies from pharmaceuticals, biotechnology, healthcare equipment, and healthcare services.
This sector is trading near Weekly Support Nodes
Weekly OP + Weekly F3 nodes
or Weekly OP F3 Agreement
Its also Oversold.
ELV - Elevance Health Inc, one of the main competitors to UNH in this space
trading at Weekly F3 Support ( 0.382 retracement ) + Weekly Oversold
Given UNH, ELV and the broader sector, XLV, are all trading at important Higher Timeframe Support nodes...
with UNH down 20% today at one point, and down 38.2% from its highs ( largely within a month )
Looking for a Technical Bounce against Higher Timeframe Support nodes, on UNH, and the sector.
"Will we see a bounce at these levels? Drop your thoughts below!"
- Joseph AuXano
#UNH #XLV #HealthcareStocks #TradingView