UNITY SOFTWARE INC (U) Technical Analysis
NYSE:U • US91332U1016
Current stock price
U Technical Rating and Analysis
Overall U gets a technical rating of 4 out of 10. In the past year, U was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 81% 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.
- In the last month U has a been trading in the 18.15 - 27.00 range, which is quite wide. It is currently trading near the high of this range.
- U has an average volume of 16029200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- U is an average performer in the Software industry, it outperforms 63% of 272 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
U Weekly and Daily overview Charts
U Setup Rating and Analysis
U has an average technical rating and it also does not offer a high 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
U Support and Resistance Analysis
16.96
We found 3 important support areas.
- Support @24.31 from a horizontal line in the daily time frame.
- Support @18.51 from a trend line in the weekly time frame.
- Support @17.13 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.02 to 26.53. 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.
U Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for U is up. |
| ChartMill Relative Strength | 19.31 | NEGATIVE | U has a low relative strength, it was outperformed by 80.69% 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) | DOWN | NEGATIVE | The current price of U is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.16 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests U has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.53 | NEUTRAL | The Stochastics value for U is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 25.75 | POSITIVE | The high ADX value value for U suggests a strong trend. |
U Chart- and CandleStick Pattern Analysis
U Technicals: Chart, Performance Metrics, Trend & Indicators
26.01
+1.7 (+6.99%)
UNITY SOFTWARE INC / U TA FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 4 / 10 to U.
Can you provide the trend direction for UNITY SOFTWARE INC?
The current trend direction for UNITY SOFTWARE INC (U) is Bearish.
Can you provide the RSI signal for UNITY SOFTWARE INC?
UNITY SOFTWARE INC (U) has an RSI value of 62.1593. This indicates that the stock is currently neutral.
What is the buy/sell signal for U stock?
The buy/sell signal for UNITY SOFTWARE INC (U) is hold as the short term and long term trends are mixed.
What is the support and resistance level for U stock?
UNITY SOFTWARE INC (U) has a support level at 24.31 and a resistance level at 26.02. Check the full technical report for our detailed analysis of U support and resistance levels.