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U2ST34 trade ideas

UNITY - Accumulation SchematicsAfter the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout to stop-out the last bulls before we start to move back up. Alternatively, we could continue to trade in this range and slowly grind up with the potential pivot on the horizon. No FOMO, only looking to catch this once there is a sign of strength coming back into this stock. I don't care too much about the fundamentals, this is purely a technical analysis.
NYSE:U
by NoFOMO_
9
$U - Too many uncertainty. ER is importantNYSE:U (Unity) broke below the long-term support. Breaking down below $22 would be quite bad for the stock. It desperately needs a bounce for the bulls. There are too many uncertainties with the stock: - Lack of announcement for a permanent CEO. - Interest rates - The impact of Sora and other AI tools. The company needs to announce a new permanent CEO or appoint Whitehurst as a permanent CEO. There is no reason to keep that uncertainty around for more than two quarters.
NYSE:U
by PaperBozz
2
Unity Software Faces Turbulence as Forecast DisappointsUnity Software (NYSE: NYSE:U ), once lauded for its innovative toolkit used by video game developers worldwide, finds itself grappling with challenges as its latest forecast falls short of expectations, sending its stock tumbling in Premarket trading but shortly consolidated and surged by 5.69% hours later. In premarket trading on Tuesday, Unity Software ( NYSE:U ) shares plummeted by 15%, reflecting investor dismay over the company's gloomy outlook for 2024. Despite previous attempts to navigate choppy waters, Unity's anticipated turnaround seems to be encountering delays, signaling a longer road to recovery than initially anticipated. The company's 2024 projections, announced recently, failed to meet Wall Street estimates, exacerbating concerns about its future trajectory. With revenue forecasts ranging between $1.76 billion and $1.80 billion, notably below analysts' expectations of $2.31 billion, Unity Software ( NYSE:U ) faces mounting pressure to regain its footing in a fiercely competitive landscape. Unity's strategic "reset" initiative, unveiled in November following a developer revolt triggered by proposed pricing changes, aimed to realign the company's trajectory. This multi-phase plan includes workforce reductions and a concerted effort to reignite revenue growth, with expectations pinned on a resurgence in the latter half of 2024. However, challenges persist on multiple fronts. The company's "Grow" business segment, crucial for customer expansion and monetization, faces intensified competition, hindering revenue growth. Analysts at Piper Sandler note ongoing pressure stemming from the portfolio reset and heightened competitive dynamics within this segment. Moreover, Unity's operations in China, a pivotal market for game development, encounter headwinds due to regulatory restrictions. The impact on its "Create" segment, primarily comprising developers based in China, underscores the complexities of navigating geopolitical uncertainties. Unity's response to these headwinds has been decisive but consequential. In January, the company announced its largest layoffs to date, affecting approximately 1,800 employees, as part of efforts to streamline operations and manage costs. However, such measures come with significant financial implications, with an estimated $195 million earmarked for employee separation costs in the first quarter alone. As Unity Software ( NYSE:U ) navigates this turbulent period, investor sentiment remains cautious. The company's ability to execute its turnaround strategy effectively, amidst competitive pressures and regulatory challenges, will be closely scrutinized in the coming months. For stakeholders, the path forward hinges on Unity's capacity to adapt, innovate, and regain its competitive edge.
NYSE:ULong
by DEXWireNews
$U: Long the AR/VR FutureMETA stock is so expensive as is AAPL. NYSE:U is your best second-order play on the AR/VR future at a cheap price, not pricing in any growth at this point really, very downbeat and pessimistic pricing on this stock. Unity Software is positioned for significant growth in the VR/AR gaming sector, fueled by the expanding ecosystems of tech giants like Apple and Meta. Unity has established strong partnerships with both Apple and Meta, enabling seamless integration of its platform with their VR/AR technologies. This collaboration enhances Unity's reach and accessibility within these growing ecosystems. Unity is a leader in providing tools and services for game developers, making it a go-to platform for creating immersive VR/AR experiences. As Apple and Meta continue to invest heavily in this space, Unity stands to benefit from increased demand for its solutions. With the rising popularity of VR/AR gaming, Unity's revenue streams are poised to expand significantly. The company's diversified business model, including licensing fees, advertising, and in-app purchases, positions it well to capitalize on the growing market. Unity's commitment to innovation and ongoing research and development efforts ensure that it stays at the forefront of technological advancements in VR/AR gaming. This focus on cutting-edge solutions will help sustain its competitive edge in the industry. With the recent massive uptick in VR/AR, this should be trading at ATH, not at depressed valuations. Easy, easy, buy and hold here.
NYSE:ULong
by wantonwallet
1
Holding for a breakoutIf you have never tried the unity software, it is very user friendly. There are a ton of resources for this software, making it an top choice for game development. With AI, more people are getting involved in creating because AI can help new developers write the code with simple prompts. AI is also changing the way games are made by allowing NPCs to now communicate with you as you speak into a microphone. Gaming is only going to get better from here. This stock has had a rough sell off but has managed to find a footing. I think this is a good buying opportunity for those who see long term value in this company that has been around since 2004 and only continues to improve upon their product.
NYSE:ULong
by Brotank77
$U - Can it reverse?NYSE:U Unity painted a dragonfly Doji with a strong bounce from the Point of Control (POC) + Fib support area. Although the volume was not particularly strong, it could be the start of a reversal. The pending golden cross could provide a boost to the bullish momentum, and the channel breakout above $35 could see further gains in the share price. There is also a potential Inverse Head and Shoulders pattern that could come into play when the price breaks above $42. Upside targets: $36 $39 $42 $57 (long term) Downside risk: $30 to $29
NYSE:ULong
by PaperBozz