Unity: Trend Line Resistance SellUnity Software - Intraday - We look to Sell at 104.06 (stop at 111.92)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. The primary trend remains bearish. Further downside is expected although we prefer to sell into rallies close to the 100.00 level.
Our profit targets will be 78.95 and 68.20
Resistance: 95.00 / 100.00 / 120.00
Support: 85.00 / 80.00 / 70.00
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UNITY
U Unity Software short term price targetUnity Software`s game engine is used to create more than half of the world's mobile, console, and PC games.
They recently bought Weta Digital, which created the special effects for The Lord of the Rings and Game of Thrones.
I see a short term price target of $113 and a buy area if it will be the case when the interest rates will go higher at $90 - $95.
Morgan Stanley has a price target of $185 for Unity Software, U.
Looking forward to read your opinion about it.
$U / Unity Software - Long Term PlayI think the chart is looking very simlar to the previous waves we have seen since the launch of Unity Stock.
RSI and MACD looking fresh for a reversal, while we still have some way to go to catch up to the higher timeframe moving averages, I think we will get there.
With an estimated 170% return on Investment per the two previous cycles of the chart, I think we could possibly see a third wave which matches with the over-head long term Resistance.
$U has delivered an approximate of 30%-40% growth per quarter for the last two years, and the forcasted market share of the company is only estimated to grow.
From 1.1 billion USD in revenuee for 2021, the company is estimating a growth up to 1.5 billion USD revenuee for 2022.
With 50-60% of all Apple Store games being developed on the Unity Platform, and the demand for Unity Software in game making, video producing, engineering solutions, architect solutions and more, I think the exponential growth is yet to come in terms of adoption.
The catalyst for further Unity Adoption is in my opinion the launch of future hardware releases in the VR/AR- Space.
Unity has the solutions for creating AR/VR products ready to go, and as soon as the demand steps through the door. I think we will see expontential growth for this company.
Apple is rumored to launch their AR/VR glasses respectively in 2022/2023, and Im 99% sure that such event will fuel the needs for most product solutions Unity Software has to offer these products.
Im long from 104.
Unity SW (NYSE: $U) Gains Momentum On Strong Revenue Growth! 📈Unity Software Inc. operates a real-time 3D development platform. Its platform 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. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide. The company was founded in 2004 and is headquartered in San Francisco, California.
$MSFT $U $TWTR $COIN I OptionsSwing WatchlistMSFT 2H I MSFT is breaking from a downtrend on the 2H time frame. Held the $295 level after reporting earnings. Resistance near $315 and support near $300.
U 1W I U on the weekly chart is bouncing at its trend line coming from last year. It will report earnings on 02/03 and we'll know if MMs approve of it and if the trend holds.
TWTR 4H I TWTR is forming and ascending triangle on the 4H time frame. Needs a breakout above $35.50 and it could see $37.50+ before earnings.
COIN 4H I COIN seems to be possibly making a double bottom near $165. It bounced nearly 10% on Friday and could move to $200 before earnings on 03/24.
Unity stock is on sale...time to Unite and buy!Hi everyone,
Wow, what a start of the year! Stock market is beaten up badly. But you know what that means for an intelligent investor. Many great opportUNITYies to buy favorite stocks at discounts.
Today we are revising my NYSE:U stock analysis.
The stock is currently down more than 50% from the Nov tops (big ooph).
We have just entered the highest volume zone, established last year.
And we are rapidly approaching the Golden buy zone.
All indicators point at a magical number of 100 .
Just look at the chart!
All stars allign perfectly at a price zone of 100 .
POC, HVN, 2 long-term support lines, all point to 100 .
I bet algos know about that zone too. So there are LOTS of resting buy orders.
Therefore, I will add massively to my NYSE:U holdings at the next open.
Let me know if you like this stock.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
UNITY - Great Entry Level into the MultiversesUNITY has been on the Radar for a while now and it's time to get in there right on SUPPORT!
Not just any support..The biggest one.
Want a Piece of the Metaverse?
If your goal is to capture as much of the potential upside in this area as possible, Unity Software could be a big winner in 2022.
SERVICES:
Unity Pro
The complete solution for professionals to create and operate real-time 3D experiences. Put the power of an entire ecosystem of tools, support, and community in your team’s hands to achieve better results, faster.
Unity Gaming Services
Wherever you are in your development lifecycle, Unity Gaming Services takes your game to the next level. Bring your vision to life and leverage our tools to run your online game, grow revenue, discover player insights, and more.
Unity is so much more than the world’s best real-time development platform – it’s also a robust ecosystem designed to enable your success.
Unlike Manchester United, this UNITY will make us some money in 2022.
Just my humble opinion / dyor
the FXPROFESSOR
PS. the markets might be entering a period of correction but regardless, I look and decide from what i see on the chart
$U Unity Potential OutlookHere we see a 12345 Impulse Wave followed by what looks to be an ABC Corrective wave. If market conditions stabilize and $Unity finds support near the C wave down, this should be the reversal point.
It's important to note that this C wave has two potential targets;
Target 1- $126
Target 2- $112
The best-case scenario is price stabilizes here and retakes the broken trendline, and the worst-case scenario is the targets above.
11/28/21 UUnity Software Inc. ( NYSE:U )
Sector: Technology Services (Packaged Software)
Current Price: $179.89
Breakout price trigger: $181.00
Buy Zone (Top/Bottom Range): $179.00-$171.50
Price Target: $232.00-$236.50
Estimated Duration to Target: 68-70d
Contract of Interest: $U 2/18/22 200c
Trade price as of publish date: $14.50/contract
Unity TechnologiesA spike in consumer spending in the online gaming industry is expected to have driven Unity’s real-time 3D technology adoption among gaming companies.
Unity has been developing its platform by introducing product capabilities, which are likely to have been a major growth driver.
The constant demand for interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, and virtual reality devices is likely to have aided the company’s top line.
I like the U chart. We wait for the growth to the pointed Fibonacci levels above.
Best regards,
EXCAVO
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.
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.
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.
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.