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UNITY SOFTWRDRN

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U2ST34 trade ideas

$U good opening w/ volume and stochastic buy signFirst on this 30min chart please note the white arrow marking a bullish %K stochastic sign. When %K moves from below 20 to above 80 in 2-3 candles (using custom period settings), it gives a high probability sign that more upside is coming. Often a pullback happens first, and thus far the opening move has reversed down but on lighter volume. There may be a retest of Friday's lows or a move lower and then a strong move higher. This reversal after the %K sign offers a low risk entry for call options, and options prices are also cheaper since price has flipped down. The green lines on RSI and stochastic show bullish divergence with price (red line). The dashed green line is a daily support line that broke to retest lows. I am looking for price to move back over this line within two days. Volume shelf price targets are provided on the right.
NYSE:ULong
by OptionsRising
BEST BULLISH SET UP OF THE WEEKStumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart VOLUME VOLUME VOLUME that's what I want to see as a bull. Appears to be some clear-cut textbook accumulation complete with a nice retest. That green doji to end the week is sexy. If it opens red tomorrow or turns red this is the play of the week IMO especially if the rest of the market is holding up. As always not financial advice just some opinions.
NYSE:ULong
by EZmoney24
1
Back in the Channel AgainU is back in the horizontal trading channel again. There is also a Bearish Crab inside that Rectangle which managed to break through the resistance line of the Rectangle. The Crab ends at the 1.618 or close. It is a reversal pattern as well as an extension pattern as the end of this pattern is above X (bearish) or below X (bullish). The bullish version looks like a crooked M and the bearish version looks like a crooked W. Valley 2 is higher than valley 1. Price has reached T1 of the Bearish Crab pattern which is the hump in the crooked W for this particular crab. This is support until broken. It will be resistance when price falls under it. A Rectangle is a neutral pattern until the support line is broken. If it is, then watch out below as there is no support below 29.09. Some would wait for the lower level (29.09) for ES (entry short). We are all different and some are more cautious than others. Also, some folks may want to swing trade inside the Rectangle. No recommendation. Possible "short" to lower trendline of Rectangle and I plan re-evaluate when price approaches this level as I am short. My alert is set.
NYSE:UShort
by lauralea
Earnings AMC//RectangleU appears to be in a horizontal trading channel. EL would be top of the rectangle with an uptrend and ES would be a break of the rectangle with a downtrend. Some would trade inside the rectangle as the bottom trendline can be support until broken and the top is resistance and was slightly broken this am. No clear uptrend was established. High today is 53.27. I do not see many analysts expecting a beat, but who knows? Trading near earnings is risky. No recommendation Short interest is approximately 18.34% to 18.55% depending on where you look. A short squeeze occurs when a stock moves higher and short sellers decide to cover their short positions or are forced to do so via margin calls. As these short sellers buy the stock, the price rises, potentially creating a situation in which more shorts have to cover. This can cause price to pop to the upside. EPS (FWD) -0.34 PE - Div Rate (FWD) - Yield (FWD) - Short Interest 18.34% Market Cap $14.83B
NYSE:U
by lauralea
U - breakout soon?After hitting the low on 11 May, U traded in a sideway range between 32-48 for almost 3 months now, forming a possible base. The higher volume during this period suggest there could be some accumulation going on. However with earnings expected out tomorrow, there is a always risk of a nasty surprise. Hence to be conservative, wait for results to be out. Should the stock rise after earnings, buy near the break or wait for the first pullback. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:U
by Juliac
U - 2nd AttemptUPDATE ON LAST IDEA: - So the last failed completely, but I did mention it was completely dependent on market strength. - This green range that's formed on top of the high that made the lowest low is a really really nice area for it to build strength and push out from. - Below 31.74 out and wait for a better set up - Nice knife that formed the range but not getting enough sellers to enter the purple bottom range/base. - Market strong and this has catching up to do
NYSE:ULong
by SlapAsksLiftOffers
United we stand!Unity Software Short Term We look to Buy at 32.33 (stop at 29.76) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Dip buying offers good risk/reward. Our profit targets will be 40.85 and 47.19 Resistance: 41.00 / 46.50 / 78.00 Support: 32.00 / 30.00 / 20.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:ULong
by Saxo
Unity (U) - Looks like its setting up but all depending- Not much to say about this - Love this company like Spotify, in that competitors are nowhere near. At least that was the case last time I was on this, when I still got wrecked. - Pure market play relying on enough people still betting on the downside on the market as a whole. - This consolidation is nice though but at the same time a lot of resistance above and relying on broad market strength. - That being said, I see it filling that gap and taking the high on the way. After that you're better off waiting for a consolidation and show of strength to take it higher. Pretty easy above there though.
NYSE:ULong
by SlapAsksLiftOffers