UNITY SOFTWARE - GREAT OPPORTUNITYI like U, and from what i see on the chart, i have an downtrend line broken , and nou the price its in the discount zone but also in a bottom zone, if you want to be a buyer, this is the perfect entry.
I just bought some share at 27.8usd and i will buy every dip betwen 24-28.
Also in 9 November we have earnings from U , so there is another possibility for a rally form here.
U2ST34 trade ideas
Gamers against Unity (Means opportunity)The chart pattern before the move to the upside on June reminds me of PLTR, but in this case it quickly retraced back to the origin.
Fundamentals are that gamers are mad at Unity for being aggressive with their licensing fees, hurting indie game developer's earnings. Bad PR is sticky in the gaming industry so the perception of the company to the general public will remain negative for a while, whether you like that for longs or not is up to you.
$U - Can it bounce?NYSE:U On Oct 4 post, I mentioned that it has a risk of falling to $26.
It is currently trading at a critical support level. If there is a reversal in the cards this is where it needs to bounce.
The stock falls to all time low of $21.22 back in November 9, 2022 on the day of ER that marked the bottom.
Well guess what? We are in November 2023 and ER is scheduled on November 9 and stock is trading around $25!
Will it be the same this time?
I think we should see a potential bounce soon.
Upside targets:
$27
$31
$34
$36.50
Downside risk:
$24 to $21
Unity : Bottom Fishing before Nov Earnings
Simple technical chart analysis and trading plan :
- accumulate at support zone $25-28 which also fall into oversold lower Midas zone . Cut loss when fall outside this support zone.
- target exit points will be at $40, $42 or upper overbought Midas zone.
*** Create simple and stress free trading plan. ***
Unity - bottom formation is a processUnity CEO John Riccitiello is retiring from gaming software company after controversial pricing change. In September, Unity announced a controversial pricing change that upset developers who rely on the company’s technology to create video games.
James Whitehurst, former CEO of Red Hat, will become Unity’s interim CEO.
$U - Unity is interesting againNYSE:U Unity is interesting again. It is trading inside a descending wedge pattern and currently trading at the bottom trendline.
It can see a bounce from that trendline and head towards $35 area.
There is a risk that it could fall to $26. Going long at $26 would be safer but there is a chance that it might not get there.
Targets:
$33
$35
$44
Risk:
$26
levels to manage Unity long-term positionCopy & Paste from the Verge:
Unity has changed its pricing model, and game developers are pissed off:
The news was met with fear, anger, and disgust from the game development community. The primary complaint is that these changes would be particularly harmful to solo, indie, marginalized, and mobile developers.
Developers are also concerned these new fees could impact digital preservation efforts as now game makers are seemingly incentivized to delist older games so they aren’t charged for them. There’s also the question of how Unity plans on tracking installs and whether or not such tools run afoul of government privacy laws.
Unity's Controversial Business Decisions: From Stock Price DropsIn a worst-case scenario, John Riccitiello, the CEO of Unity Engine, sold shares at $40. He then made a questionable decision, announcing plans to charge customers for every new installation of their game after a certain threshold. Unity would track these installations of its software, causing the price to drop below the $30 resistance mark, reaching a low of $25. Many developers are now migrating from Unity to Unreal, citing a lack of trust in the CEO and issues with unfinished, buggy products. This could result in lower earnings for Unity by the end of 2023. However, implementing the new contract in 2024, which charges $0.20 per installation and constant new users, may boost Unity's revenue.
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 is now recovering from a paradoxicalearnings beat of 189% selloff. On the 4H chart the trend down has reversed
and the ZL MACD is confirmatory. Price has bounced off the lower Bollinger
bands as confirmed by the BB Oscillator. I will take a long trade here targeting
the 0.5 fib level in a retracement of the trend down ( 39.95) with the stop loss
at the pivot low of the Friday morning open. U could easily bounce back up to
its per-earnings trading range in the upcoming week. ( See also PANW)
Bearish setup on UnityWhere I was previously bullish, U is set to be hit very hard due to terrible EPS and financials among the tech sector which was clearly overheated. I believe we have been in a recession for months, and Apple having slowed growth is a key sign that SPY is headed to 430 or lower.
$U Unity Software, Cypher Hey guys, watching this pullback on U$, Cypher can trade imo, always watch 618 level for price action. I would love to see 786 trigger tested with a wick off that level. Any low tf harmonic in highlighted box is worth a try imo, will update when I see something. Price action to look out for and targets are the same on every play, I will update those as well if offered. Goodluck guys :) Please share your thoughts on NYSE:U >