U - Bag holders .. Alert !!U is moving up sharply, but we are gonna meet the bag holders from 28 level to 30's.
So many bag holders since it announced it's Apple's partnership, Trade it but dont' hold bags until this crosses 30-40 zone
U2ST34 trade ideas
Unity Software Scraps Controversial 'Runtime Fee' Pricing PolicyUnity Software Inc. (NYSE: NYSE:U ), a leading platform in game development and real-time 3D content creation, has scrapped its highly controversial "runtime fee" pricing policy after a fierce backlash from the developer community. The company is reverting to its seat-based subscription model and will introduce price increases for its Unity Pro and Unity Enterprise subscriptions, marking a strategic shift aimed at restoring trust among developers and rejuvenating its market position.
Background and Key Changes
Unity's "runtime fee" policy, announced nearly a year ago, was designed to charge game developers additional fees if their games met certain revenue and install thresholds. The announcement led to a significant revolt among developers, many of whom saw the new charges as unfair and detrimental to their business models. The backlash was so severe that Unity was forced to roll back some aspects of the policy shortly after its announcement.
In a recent blog post, Unity CEO Matt Bromberg acknowledged the community's concerns and announced a return to the "existing seat-based subscription model for all gaming customers." This move not only reverses the runtime fee structure but also comes with subscription price hikes: Unity Pro will see an 8% increase, and Unity Enterprise will rise by 25%. These changes are slated to take effect on January 1, 2025.
“We aim to revert to a more traditional cycle of considering potential price increases only on an annual basis,” said Bromberg. This more predictable approach is intended to provide stability and rebuild the trust that was eroded over the past year.
Company Reset and Cost-Cutting Measures
In addition to pricing model changes, Unity has undertaken a broader “company reset,” which included cutting 3.8% of its global workforce and closing 14 offices worldwide. This restructuring is part of Unity’s efforts to streamline operations and focus on its core mission of empowering creators.
Technical Outlook: Unity’s Stock Rebound
Following the announcement, Unity's stock (NYSE: NYSE:U ) surged 10.39% in afternoon trading, indicating positive investor sentiment. The stock has been in a recent falling wedge pattern, a technical setup often associated with potential reversals and bullish momentum.
With an RSI (Relative Strength Index) of 46.96, Unity’s stock remains in a neutral zone but shows promising signs of further upside. The RSI suggests that buying momentum is gradually building, and the stock is poised for potential growth. Breaking out of the falling wedge pattern could be a critical catalyst, providing the stock with the momentum needed to recover from previous losses.
A Strategic Turnaround
Unity’s decision to revert to a more traditional pricing model aligns with its efforts to mend relationships with the game developer community. The seat-based subscription model offers more predictability and fairness, which is likely to be well-received by developers who rely on Unity's platform for game development.
The price hikes for Unity Pro and Unity Enterprise, though significant, are structured to provide Unity with additional revenue without alienating its core user base. This pricing strategy is a calculated move that balances the need for revenue growth with the necessity of maintaining developer loyalty.
Moreover, Unity’s restructuring efforts, including workforce reductions and office closures, reflect a company that is making tough but necessary decisions to optimize its cost structure. These changes are expected to improve Unity’s financial health and position the company for long-term success.
Conclusion
Unity Software’s pivot away from the controversial runtime fee model marks a critical step in its ongoing efforts to realign with its core community of developers. The company’s renewed focus on traditional subscription pricing, coupled with strategic price hikes, aims to stabilize its business and provide a clearer path forward.
As Unity’s stock shows signs of technical recovery, the company’s fundamental shifts provide a compelling narrative of resilience and adaptation. Investors and developers alike will be closely watching how these changes unfold, as Unity navigates its path to regain trust and market strength.
Unity ReversalThis took time to play out, an old idea I had to buy Unity at the lows, classic Wycoff accumulation pattern.
And now we have bullish confirmation, price has gone up around 38% off the lows.
Refer to my old chart. Do your own research, not financial advice
Recovery in progress If you play computer games chances are Unity software had a large part in the development of the game, they have a 70% share of the market in this rapidly growing business.
The company has had problems with management turnover and is still loss making.
Morgan Stanley has just called the bottom with a $22.00 price target.
Price has started moving up this week, buy now.
U weekly chart long tradeaccording to Wyckoff accumulation, we will be targeting 23-24$
worth the risk 1:2
No brainer play hereIt’s been oversold and neglected for to long. Gap down and then fill today shows a clear bottom forming short term based on technicals!!!! $18-$19!!!
Unity Surges 14% as It Strengthens Advertising LeadershipUnity (NYSE: NYSE:U ), the leading platform for creating and growing games and interactive experiences, has made a strategic move that sent its stock soaring by 14%. The company announced the addition of Jim Payne, a heavyweight in the mobile advertising space, as the new Chief Product Officer for Advertising. Payne, the founder of MoPub, the world’s largest mobile in-app ad server, and MAX Advertising Systems, is set to join Unity on August 12, 2024, marking a significant milestone in Unity's efforts to dominate the mobile advertising sector.
Strategic Leadership for a $150 Billion Opportunity
Unity’s CEO and President, Matt Bromberg, expressed excitement over Payne’s appointment, emphasizing that his arrival underscores Unity’s commitment to accelerating its advertising business. With the global mobile advertising market expected to hit $150 billion, Unity is poised to leverage Payne’s deep expertise and innovative approach to tap into this lucrative opportunity. Payne’s previous ventures, MoPub and MAX Advertising Systems, have been instrumental in shaping the mobile ad landscape, and his experience is expected to bring substantial growth and innovation to Unity’s advertising products.
Unity’s Bold Move in Ad Tech
Jim Payne is not joining Unity in isolation; his arrival follows the recent hiring of Alex Blum as Senior Vice President of Corporate Development. Blum brings a wealth of experience from his time investing in and incubating numerous ad tech companies, including AdMeld, Acquisio, and Tru Optik. Together, Payne and Blum represent a powerhouse duo that will steer Unity’s advertising division toward greater market share and technological leadership.
Driving Innovation and Revenue Growth
Unity’s acquisition of CloudExchange, Payne’s latest venture focused on publisher-hosted mobile advertising, further cements its ambition to lead in the ad tech industry. CloudExchange’s innovative approach to leveraging first-party data for superior ad quality will be integrated into Unity’s platform, enhancing its value proposition to publishers and advertisers alike.
Payne’s vision aligns perfectly with Unity’s mission to provide innovative and flexible tools that drive greater revenue for publishers in gaming and beyond. His leadership is expected to spearhead new product developments that will keep Unity at the forefront of mobile advertising technology.
Technical Outlook
Unity Software (NYSE: NYSE:U ) is currently experiencing a 13% increase in its stock value as of the time of writing, while exhibiting a moderate Relative Strength Index (RSI) of 51.19. The stock had been following a bearish flag pattern, declining until a strengthened advertising campaign sparked a 14% price surge. Following a prolonged period of a falling wedge pattern, the recent surge in stock price marks a notable retest for Unity Software.
Conclusion
Unity’s strategic hires and acquisitions are clear indicators of its intent to become a dominant force in the mobile advertising arena. With Jim Payne at the helm of its advertising products, Unity is set to capitalize on the burgeoning mobile ad market, delivering cutting-edge solutions that benefit both publishers and advertisers. As the company continues to strengthen its leadership and expand its capabilities, Unity’s stock surge reflects investor confidence in its future growth and innovation potential.
U Unity Options Ahead of EarningsIf you haven`t bought Unity before the previous earnings:
Now analyzing the options chain and the chart patterns of U Unity prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.33.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Unity Software - LONG ideawww.ki-wealth.com
Unity Software is set to release its second quarter 2024 financial results on August 8, 2024, after the market closes.
The market consensus estimates for Unity’s Q2 2024 financial results are as follows:
Revenue: Expected to be between $420 million and $425 million, which represents a year-over-year decline of 6% to 7%.
Adjusted EBITDA: Projected to be in the range of $75 million to $80 million.
Unity Software is currently attractively priced: it trades at P/BV of 1.98x, P/Sales ratio of 2.94x, which is below peer group average. U’s target price of $24.8 implies attractive 51.6% upside potential for the stock.
$U - double bottom, ready to move up?At all time lows, hit the bottom twice and is looking like it wants to move up. Lots of room to move up, but that drop down to the bottom is indicative of a potential broken chart that might not recover either. In the interim, there is some movement here, so long in the short term
price target $20 by septemeber
not trade advice
#U breakout incommingtechnical pattern breakout incoming for unity? looking to test 2 levels by the APEX of the pattern if we are indeed recovering from the descent into lower liquidity pools.
$U - We could be witnessing a turnaroundNYSE:U On June 6, I stated that a drop to $15.40 was possible.
Since then, the stock has been basing around that area, with both MACD and RSI rising, suggesting we could be witnessing the beginning of a reversal. 👀🚀
5/9/24 - $u - careful here on valuation/ guide - i pref. sub $205/9/24 - vrockstar - the question for me here is more about "at what point would i buy it" - let's be honest guys it's not cheap. they have debt. they don't make much $, a lot of stock comp. RBLX on the mgn doesn't help the factor this wk. the expectation into print is defn low and guidance is all that matters - which is hard to bite on given all the other software that even if want to provide a +ve update are err'ing on the side of conservatism.
so back to the question - what to pay? let's imagine for a moment '24 really is trough EPS and we can sit on that '25 EPS of a buck as gold. what's this worth? 20-25x? well that's where we are today. 5-6x sales too and again, we have to 1) get thru this trough year and 2) hope it doesn't get worse and 3) we can all agree on 2025 (the market is just that - some agree some dont).
all in, if i owned it... i'd probably cut size if not all together and look for a better entry. i do think something just shy of 20$ is probably a decent medium term risk reward. mid to high teens, say $17-18 and i think you can expect bigger and committed buyers to come in and could size up (all things equal). pls be safe on this print.
Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference.
Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday.
"We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures."
Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio.
On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting.
Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner.
"AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
UNITY - WHALES ARE STARTING TO ACCUMULATEAfter 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.
Looking for a swing to the downside for UNITY!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
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.
Unity At Low Risk Area Taking a look at unity on the daily.
This thing looks great on the weekly as well
still time to catch it at a low risk area with some serious upside
$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.
$U ON THE DAILY POSSIBLE FORMATIONNYSE:U showed that that $25.13 is holding strong. If it stays above it will be forming the pattern. It is going to take a while (1-3 months) to complete the pattern. I believe a daily close below $25 should be your stop.
NOT A FINANCIAL ADVICE. NO POSITION CURRENTLY
$U Early Break-out?NYSE:U is a bottom fishing play for me this morning. It has both broken the downtrend line and can be considered an undercut and rally as it undercut the low of March 19 and has risen above it. My stop will be just below that March 19 low of $25.13 Giving me a nice risk reward stop.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
U - Unity Software Continuation LongWe've opened a leveraged continuation long on Unity software. Our larger setup hit it's first TP before retracing.
There is clear bullish divergence maturing, along with a falling wedge breakout on the 4h, all happening at a key level of significance.
Above this level in history, we have always gone to a minimum of 39$, hence the first TP.
The 4h set up can be seen below:
