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 performance in both the short and longer term time frames. Also compared to the overall market, U is showing a nice and steady performance.
Although U has an excellent technical rating, it does not present a decent entry opportunity 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
3 important support areas can be observed.
- Support @38.35 from a trend line in the daily time frame.
- Support @36.63 from a trend line in the daily time frame.
- Support @17.34 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.06 to 46.54. 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 | 90.39 | POSITIVE | U has a high relative strength, it outperformed 90.39% 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) | 65.78 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests U has a positive trend. |
| Stochastics (14,3) | 88.93 | OVERBOUGHT | The high Stochastics value suggests U may be overbought. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for U suggests a possible start of a new trend. |
45.78
+1.63 (+3.69%)
UNITY SOFTWARE INC / U FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 8 / 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 65.7757. 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 0.582367, 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 38.22 and a resistance level at 46.06. Check the full technical report for our detailed analysis of U support and resistance levels.