UNITY SOFTWARE INC (U) Stock Technical Analysis
USA - NYSE:U - US91332U1016 - Common Stock
We assign a technical rating of 6 out of 10 to U. In the last year, U was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, U does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 35.56, a Stop Loss order could be placed below this zone.
More info and screens
17.17
We found 3 important support areas.
- A support zone ranging from 34.71 to 35.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.00 from a trend line in the daily time frame.
- Support @17.34 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 | UP | POSITIVE | The long term trend for U is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for U is down. |
| ChartMill Relative Strength | 92.03 | POSITIVE | U has a high relative strength, it outperformed 92.03% 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) | UP | POSITIVE | The current price of U is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.5 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests U has a positive trend. |
| Stochastics (14,3) | 37.59 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for U suggests a weak or negative 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 |
|---|---|---|---|
| 38.60 | 34.70 | 3.90 (10.10%) | 9.90% |
| An entry @38.60. This is a Buy Stop order right above the 10 day high. | An exit @34.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.90 points, which is 10.10%. | When investing 9.90% 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.
37.29
+1 (+2.76%)
UNITY SOFTWARE INC / U FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 6 / 10 to U.
What is the current trend direction of UNITY SOFTWARE INC (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 47.4993. This indicates that the stock is currently neutral.
What is the MACD signal for U stock?
The MACD indicator for UNITY SOFTWARE INC (U) has a value of 0.0179378, indicating a bearish trend.
What are the support and resistance levels for UNITY SOFTWARE INC (U) stock?
UNITY SOFTWARE INC (U) has a support level at 35.56. Check the full technical report for our detailed analysis of U support and resistance levels.