UNITY SOFTWARE INC (U) Technical Analysis
NYSE:U • US91332U1016
Overall U gets a technical rating of 0 out of 10. U's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- U has an average volume of 17838500 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 44% 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.
U has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
18.05
We found 2 important support areas.
- A support zone ranging from 19.80 to 19.85. 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.
- Resistance @21.25 from a horizontal line in the daily time frame.
- 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 | 11.61 | NEGATIVE | U has a low relative strength, it was outperformed by 88.39% 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) | 40.44 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 79.38 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 38.05 | POSITIVE | The high ADX value value for U suggests a strong trend. |
U Technicals: Chart, Performance Metrics, Trend & Indicators
20.67
-0.58 (-2.73%)
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 40.4418. 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 1.06297, indicating a bullish trend.
What is the support and resistance level for U stock?
UNITY SOFTWARE INC (U) has a support level at 19.85 and a resistance level at 21.25. Check the full technical report for our detailed analysis of U support and resistance levels.