UNITY SOFTWARE INC (U) Technical Analysis
NYSE:U • US91332U1016
We assign a technical rating of 0 out of 10 to U. U scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than U.
- U is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so U is lagging the market.
- U has an average volume of 17584100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- U is part of the Software industry. There are 277 other stocks in this industry, U did better than 45% of them.
- In the last month U has a been trading in the 16.78 - 29.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of U is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.05
We found 2 important support areas.
- A support zone ranging from 19.58 to 20.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.23 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.26 to 21.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.05 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for U is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for U is down. |
| ChartMill Relative Strength | 12.29 | NEGATIVE | U has a low relative strength, it was outperformed by 87.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of U is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of U is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of U is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.97 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests U has a positive trend. |
| Stochastics (14,3) | 79.79 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 9.17 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 39.56 | POSITIVE | The high ADX value value for U suggests a strong trend. |
U Technicals: Chart, Performance Metrics, Trend & Indicators
21.25
+1.4 (+7.05%)
UNITY SOFTWARE INC / U FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 0 / 10 to U.
What is the trend direction for U stock?
The current trend direction for UNITY SOFTWARE INC (U) is Bearish.
What is the RSI signal for UNITY SOFTWARE INC (U) stock?
UNITY SOFTWARE INC (U) has an RSI value of 41.9708. 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 1.06458, indicating a bullish trend.
What is the support and resistance level for U stock?
UNITY SOFTWARE INC (U) has a support level at 20.14 and a resistance level at 21.26. Check the full technical report for our detailed analysis of U support and resistance levels.