Unity Software U potential head and shoulders Lets watch out for unity this week for a potential reversal to short it. Great risk to reward ratio here.
U trade ideas
U LongUnity Software, Inc. develops video gaming software. It provides software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices.
Unity lets anyone be creative.
Unity Software Inc. (U) closed at $145.99 in the latest trading session, marking a +1.49% move from the prior day. This change outpaced the S&P 500's 0.48% gain on the day.
42.67 (41.30%) Up in the past 3 months
Bobby's Homework Assignment10.19.21 U and Natural Gas: Bobby's Homework Assignment : the importance of not only knowing what the market is doing, but what it is NOT doing.
Unity Software10.19.21 Bobby's Homework Assignment : U Draw the lines on the chart. There are not very many. Listen to my description and then try to describe what I said once or twice. Make sure that you make distinctions as it relates to the PRESS. Make sure you mention the double bottom. Make sure you understand how to use the extensions to find the trade entry, and also to find the target. Do not forget the concept of RUNNING the stops. The next day review the chart that you have drawn and try to talk through the chart as if you were teaching somebody and mention all the points that you can remember, and then go back and see if you missed anything when you look at your notes from the previous day. Better yet, I would suggest that you find the prettiest girl that smiles at you and ask her if she wants to get together with you to look for stock picks. And then explain to her some your ideas about a good stock for your portfolios. There is nothing like learning something and then showing what you learn to other people.
U10.6.21 U Unity Software Bobby's Homework Assignment ( I ran out of time at the end...and I may have discussed more than what was needed >>>don't freak-out..it will become more clear. )
Cup and HandleThis is an intra-year C&H pattern and there is plenty of resistance overhead. At cup break out, there will be a gap to encounter with possible resistance at the top of that gap.
Negative volume is high on this one. Short interest 6.26% possibly due to the resistance overhead or anticipation of the next "buy stocks on sale" market day.
Yearly high is 174.94. U came off the bottom with an inverse head and shoulders pattern and has broken neckline a while back.
The 50 has crossed up and through the 200 SMA. The 200 a bit flat today but the 50 is sloping up as is the 100.
no recommendation
UPDATE. Unity stock trading plan $UHi everyone!
Today I decided to post an update on my initial NYSE:U prediction made a month ago.
Here is what happened:
Price broke out of the long-term downward trend sooner than I expected.
Trend line got softly backtested and held.
Supply level at 139 level was reached.
Return to strong 128 demand level.
As much as I love this stock I do not believe it will keep the pace on the way up.
I expect it to hard backtest the red trendline.
If that holds, Scenario #1 will still be intact.
It is also clear now that Scenario #2 did not play out, which is obviously good.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$UUnity is a platform that provides two sets of solutions: Create Solutions and Operate Solutions. Create Solutions provides a comprehensive portfolio of software solutions for developers to create 2D and 3D content that can be deployed on more than twenty platforms, including Microsoft Windows and Apple.
Unity’s Operate Solutions offers app developers a set of solutions to grow and monetize their end-user base. The company competes with AppLovin through the Operate Solutions business.
Interestingly, Unity is also one of APP’s partners and enterprise client.
In Q2, Unity posted revenues of $273.6 million, a jump of 48% year-over-year, surpassing the Street’s estimates of $243.07 million. Revenue from Operate Solutions grew 63% year-over-year to $182.9 million
But moving away from the fundamentals and moving onto the technical side of things.
Unity Software has been forming an falling wedge since the 26th of June.
If this patterns plays out correctly price should fill the gap before falling.
MACD flat.
RSI flat with the 50MA looking really to break above the 200MA.
Keep this on your watchlist.
- Factor Four
unity Long options octGap fill, uptrend
Should fly soon enough to 150 or more, maybe a pullback to the 129$ before the big run
Unity Software in a bullish channel Unity Software is trading in a bullish channel. It has already completed 3 waves and should retrace to around $115, before it resumes its uptrend to $170-$180.
We are currently trading inside an ending diagonal of a fifth wave, which means we will have to retrace deep. TRIX , which is basically a modified MACD histogram, is flashing bearish divergence.
I have outlined the risk and reward for you on the chart. The yellow box is the end of the 4th wave and our target. Once our target to the down side gets hit, we should see run up to the blue box on top of the chart.
Good luck.
$UChart pattern:
Breakout, retest and breakout again on $130 with great volume, now resting around $135
Entry @ $135
Target $166 then $175
Stop Loss when breaking uptrend or 8/21 ema on daily
UIt is necessary to hold the 0.618 zone and the probability of a b wave goes down to a minimum. And the possibility of a test is hinted at by multiple divergences, in particular on RSI, MFI.
8/31/21 Macquarie Initiates Coverage On Outperform 152.0
8/11/21 Goldman Sachs Initiates Coverage On Buy 135.0
8/11/21 Stifel Maintains Buy 135.0
8/11/21 Piper Sandler Maintains Overweight 152.0
Unity Software Inc. Is a technology company that operates one of the leading platforms for creating and managing interactive 3D content in real time.
Key points
Unity is growing much faster than the video game industry. Unity's subscription-based business model is far less risky than the game-making business.
Its subscription-based business is delivering more consistent growth than the hit-and-miss market.
The investment in Unity is a bet on the continued intense competition in the video game industry, which is a good bet. While the overall revenues of the video game industry have barely changed, Unity's revenues are growing significantly. Plus, since a portion of Unity's revenue comes from subscriptions, it generates much smoother results, avoiding some of the top-tier lumpiness that game makers can pursue. Revenue rose 48% year-on-year in the 2nd quarter, the 11th consecutive quarter of the company's growth of 30% or more. Management has also increased its guidance. He now expects revenues to increase 35-37% for the full year. Unity had 888 customers at the end of Q2, generating over $ 100,000 in annual revenue, up from 716 in the previous year's quarter.
Unity benefits from widespread gaming participation across the industry. Developers subscribe to the company's industry-leading game engine to create video games on all major platforms: mobile, PC and consoles. Subscription revenue is represented in the “solution creation” segment, which grew 31% year-on-year to $ 72.4 million in the second quarter.
Unity competes with Fortnite creator Epic Games and its Unreal Engine. Unity and Unreal Engine are the two most used game development platforms in the industry, but Unity seems to lead the market. Competition in the video game industry will continue to grow, which should mean more growth for Unity. The development of the virtual reality metaverse will open up new channels for game developers to engage players.
Another head & shoulders to look atNYSE:U is probably making the comback. With this head & shoulders I would buy the breakout above $115. Also the price is making a bullish divergence with the MACD but the price is still below the 200 day MA. I think it needs to break that level to actually start a good bull run. I'll be waiting.
$U closes above $129 and goes to fill the gap of 2/21$U closes above $129 and goes to fill the gap of 2/21
Videogaming has a strong future and therefore...Must break above 135 if the bulls want to continue the short term uptrend.
$U is a great long term bet regardless.
Good luck all.
Reactive analysis $ U daily Reactive analysis: possible levels of inflection and interaction around support and resistance with some additional wick study as supply and demand zones
Unity Ready for a Mini to Large Breakout50MA is about to catch the 200MA, and if Unity breaks 130, should be able to confirm uptrend to fill the gap above.
Unity made a higher low last Thursday before regaining momentum upwards.
RSI is holding above 50, still in an uptrend
MACD is positive still
4H chart shows hidden bullish divergence
Boxes strategy. $U stock analysis. My plan.Here is my technical analysis of NYSE:U stock using my boxes strategy.
NYSE:U price has broken out of the box recently on great earnings news.
In 2 days it hit a long-term resistance and reversed down.
Price has bounced off of the box ceiling that has become support now.
I see two scenarious for further stock movement.
Scenario #1.
1. Price breaks the long-term resistence level.
2. It comes back to a strong demand zone (preferrably where box level meets the trend line).
3. Then we move higher.
Scenario #2.
1. Price does not break the long-term resistence level.
2. Stock price goes down and misses the demand zone.
3. We continue to move inside the box.
Remember, action at the demand zone of 115.50 is a crucial point to watch.
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Disclaimer!!!
This is not financial advise.
