UNITY SOFTWARE INC (U) Technical Analysis
NYSE:U • US91332U1016
Current stock price
U Technical Rating and Analysis
Overall U gets a technical rating of 1 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, U is a bad performer in the overall market: 78% of all stocks are doing better.
- U is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so U is lagging the market.
- In the last month U has a been trading in the 17.02 - 22.79 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- U has an average volume of 21166500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- U is an average performer in the Software industry, it outperforms 68% of 275 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
U Weekly and Daily overview Charts
U Setup Rating and Analysis
The technical rating of U is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
U Support and Resistance Analysis
16.96
When analyzing the support we can see 2 important areas.
- Support @18.41 from a trend line in the weekly time frame.
- Support @17.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for U is neutral. |
| ChartMill Relative Strength | 22.66 | NEGATIVE | U has a low relative strength, it was outperformed by 77.34% 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) | 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) | 58.32 | NEUTRAL | The RSI value for U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests U has a positive trend. |
| Stochastics (14,3) | 92.63 | OVERBOUGHT | The high Stochastics value suggests U may be overbought. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for U suggests high volalility. |
| Average Directional Index/ADX (14) | 25.39 | 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
22.75
+0.79 (+3.6%)
UNITY SOFTWARE INC / U TA FAQ
What is the technical rating for U stock?
ChartMill assigns a technical rating of 1 / 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 58.3177. This indicates that the stock is currently neutral.
What is the support and resistance level for U stock?
UNITY SOFTWARE INC (U) has a support level at 18.41 and a resistance level at 46.05. Check the full technical report for our detailed analysis of U support and resistance levels.