UnitedHealth Shares Stuck in Volatility

UnitedHealth Group (UNH) shares continue to trade near $404 after rebounding almost 4% over the past week, but technical signals remain mixed.

The company's latest quarterly results showed stronger-than-expected earnings and a raised full-year guidance, which has lifted sentiment among investors.

However, despite this positive news, UnitedHealth stock is still expected to range trade between $390.42 and $411.41, with equal probabilities of an increase or decrease at 50%.

The nearest support level for the stock is at $399.58, while resistance is pinned at $405.08.