UNITY SOFTWARE INC (U) Stock Technical Analysis
NYSE:U - New York Stock Exchange, Inc. - US91332U1016 - Common Stock - Currency: USD
Taking everything into account, U scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, U is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that U is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, U also shows a nice and consistent pattern of rising prices.
U is one of the better performing stocks in the Software industry, it outperforms 92% of 282 stocks in the same industry.
U is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so U is lagging the market slightly.
U has an average volume of 15758500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month U has a been trading in the 28.52 - 38.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although U has an excellent technical rating, the quality of the presented setup is not ideal 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
17.17
37.13
We found 5 important support areas.
- A support zone ranging from 33.04 to 33.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.82 to 31.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.13 from a trend line in the daily time frame.
- Support @17.74 from a trend line in the weekly time frame.
- Support @17.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.60 to 36.76. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for U is up. |
| ChartMill Relative Strength | 96.07 | POSITIVE | U has a high relative strength, it outperformed 96.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of U is above the rising 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) | 58.11 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests U has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.19 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 35.9 | POSITIVE | The high ADX value value for U suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 36.77 | 33.03 | 3.74 (10.17%) | 9.83% |
| An entry @36.77. This is a Buy Stop order right above the resistance zone. | An exit @33.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.74 points, which is 10.17%. | When investing 9.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
33.57
+1.65 (+5.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.17%
1 Week0.63%
2 Weeks0.69%
1 Month15.12%
3 Month63.28%
6 Month59.55%
12 Month116.02%
2 Year-9.44%
3 Year-21.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%7.18%
ATR Inc171.3%
Range Today1.44
ADR(20)2.14
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.07
Mansfield3.64
10 Day High38.9
10 Day Low29.75
20 Day High38.96
20 Day Low28.52
52 Week High38.96
52 Week Low14.89
CS1 End33.26
CR1 Start36.6
Volume & EV
DER(3)-0.84%
DER(5)0.68%
Volume18.74M
Volume Incr33.91%
Vol(5)21.56M
Vol(50)15.76M