UNITY SOFTWARE INC (U) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:U - US91332U1016 - Common Stock
We assign a technical rating of 9 out of 10 to U. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, U also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.45
We found 3 important support areas.
- A support zone ranging from 43.77 to 44.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.33 from a trend line in the daily time frame.
- Support @39.85 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.05 to 46.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for U is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for U is neutral. |
| ChartMill Relative Strength | 94.78 | POSITIVE | U has a high relative strength, it outperformed 94.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of U is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of U is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of U is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.1 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests U has a negative trend. |
| Stochastics (14,3) | 34.16 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for U suggests some volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for U suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.44 | 43.76 | 2.68 (5.77%) | 17.33% |
| An entry @46.44. This is a Buy Stop order right above the resistance zone. | An exit @43.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.68 points, which is 5.77%. | When investing 17.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of U. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.66
-0.62 (-1.37%)
UNITY SOFTWARE INC / U FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 9 / 10 to U.
What is the trend direction for U stock?
The current trend direction for UNITY SOFTWARE INC (U) is Bullish.
What is the RSI signal for UNITY SOFTWARE INC (U) stock?
UNITY SOFTWARE INC (U) has an RSI value of 50.1022. This indicates that the stock is currently neutral.
What is the MACD signal for UNITY SOFTWARE INC (U) stock?
The MACD indicator for UNITY SOFTWARE INC (U) has a value of -0.255979, indicating a bearish trend.
What is the support and resistance level for U stock?
UNITY SOFTWARE INC (U) has a support level at 44.24 and a resistance level at 45.05. Check the full technical report for our detailed analysis of U support and resistance levels.