UNITY
UNITY : Livetrade using simple TA and Band of Midas1. Clear all drawings and indicators.
2. A horizontal support line consists of 18Aug23 low and previous breakout level, observe if price reversed at here (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart)
4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed.
5. CONSIDER to go long, nothing 100%
6. Plan your trade, risk reward ratio. GO Long.
In my opinion, this is a news driven panic sell.
im LONG with $1 cut loss risk.
Unity Software Inc.: The Future of Real-Time 3DUnity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences.
Fundamental Analysis
The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also well-positioned to benefit from the growing demand for real-time 3D content.
Technical Analysis
The technical analysis of U stock is mixed. The stock is currently trading below its 20-day and 50-day moving averages, which are bearish signals. However, the stock is also trading near its support level of $37.00, which could provide a buying opportunity.
Overall, the fundamental analysis of U stock is positive, while the technical analysis is mixed. Investors should carefully consider both factors before making a decision about whether to buy or sell the stock.
I hope this post is helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Any feedback is encouraged and appreciated. Thank you and have a nice day!
U Unity Software Options Ahead of EarningsIf you haven`t bought U calls last time:
Then analyzing the options chain and the chart patterns of U Unity Software prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Is Something Brewing at Unity?AI seems to be all the hype these days. Unity announced a closed Beta Program for their AI back in late February of 2023, and just a few weeks ago we got our first look at some of the things we can expect. Unity has almost doubled in price from its ATL's, but I don't think it's done yet. We've got a nice Cup & Handle Pattern forming on the Daily that's beginning to break out. I'd like to see price get above 48$ and stay there as a confirmation for a continuation up.
-Regards,
@DayTradingOil
Stage 2 Breakout Buy in UUnity is a gaming company that fits perfectly into the AI theme we are seeing lead this market.
I have marked up a weekly chart of the stock to show how it has progressed through the 4 stages of the stock cycle.
After chopping around the $20-$40 range for the better part of a year, U is trying to break out into a new Stage 2 uptrend.
Price action has tightened and the moving averages are now supporting the stock near its 52-week highs.
Also note the heavy buying volume that has come into the stock over the last several weeks. This is something we often see before a stock begins a quick move higher and is indicative of institutions absorbing supply and building a line in the stock.
The stock popped higher on Thursday morning before pulling back Friday with the rest of the market. Investors should consider buying here with a 10-15% stop loss.
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
Unity stock has been suppressed at the same position !Unity stock has been suppressed at the same position in the past year!
This figure shows the weekly candle chart of Unity stock since its listing and trading. The graph overlays the top to bottom golden section of the highest point in history. As shown in the figure, after the full release of the bearish momentum in May 2022 of Unity stock, it completed its recent bottom in July 2022 and has been suppressed by the 2.000 position of the golden section in the figure until now! In the future, it is likely to hit a new low or achieve a double bottom before accumulating bullish momentum and rebounding upwards!
Long Trade in UUnity is a big player in the metaverse space since the company specializes in real-time 3D content. The company is also deep in AI development which is a space I want as much exposure to as possible.
The stock has had a hard time getting above the $43 level, but the recent surge in volume looks like the fuel it needed to power to new highs.
If you zoom in on a daily chart, you will also notice a cup with handle pattern forming here.
The big clue for me is the volume. Look at the big surge of activity as the stock ramped up the right side. There is a huge appetite for this stock which is unsurprising given the AI theme of the current bull market.
U - Falling Trend Channel [MID -TERM]🔹Broken ceiling of falling trend in the medium long term.
🔹Rectangle formation between support 24.24 and resistance 45.85.
🔹Volume has previously been high at price up and low at price down.
🔹Short term momentum is strongly positive with RSI above 70.
🔹Technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Unity - The Planned Sideways MovesUnity has recently had a significant pullback after finishing a solid 1-5 impulse set. This is purely a technical play, trend lines were hard to find here for this due to the ongoing sideways nature over the past year of this stock. I will be making a separate post in the coming weeks about Unity detailing the structural schematic appearing to be an accumulation setup (Referencing Wyckoff accumulation Schematic).
Technical Notes:
The B Wave's height/pullback expected is not known, just made a base assumption off of the top VWAP resistance.
The micro-wave count for the C wave is highly speculative.
Looking for this to play out over the next few weeks.
$U - Stage analysisNYSE:U Stage analysis shows that #unity is still in stage 1 bottoming process. A long way to go. With Unity AI could be a game changer. Also NASDAQ:AAPL partnership was a huge vote to Unity's tech stack.💥🚀💰
Medium term targets are not changed Targets - $36.22, $45, $58. Downside risk - $24.50 (See the chart I published previously.)
I am long $U.
Demand for XR content about to 10XCreating content for AR and VR use will be in HIGH demand as big tech rush into not only the Meta verse, but all sorts of augmented reality use cases.
In a couple years from now it will be the norm to see people wearing their XR glasses, allowing them to see 3D digital objects everywhere. How do i know?
First off, all smart phones now have Lidar cameras that allow the user to generate AR experiences.
Second, and this one is huge, AR experiences can now run without a native app. That means users don't have to download an app the trigger and view the AR content. The applications are no web based requiring only an internet connection.
Third, AR objects can be linked to markers and even GPS coordinates and placed out in the wild, on top of pictures, on QR codes.
Soon products in stores will have AR advertising that pops up right when you point your camera at the product, since simply a QR code or a specific pictures can trigger it.
All this to say Unity is a primary software for creating 3D AR/VR objects and content.
And demand for this content will drastically increase in the next 5 years.
Love to hear people's feedback. Happy trading everyone!
$U -56% DISCOUNT (52-WK) -86%(ATH)!Unity Software is a good stock to have if you are big on software and gaming! it is currently down -56% from its 52-WK High, and down -86% since Nov '21. I see good buying opportunity in the $30-$35 area (Seems like heavy buying pressure started @$33)! A great buying opportunity is anything below $30!