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UNITY SOFTWARE INCUNITY SOFTWARE INCUNITY SOFTWARE INC

UNITY SOFTWARE INC

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U trade ideas

Unity - The Planned Sideways MovesUnity has recently had a significant pullback after finishing a solid 1-5 impulse set. This is purely a technical play, trend lines were hard to find here for this due to the ongoing sideways nature over the past year of this stock. I will be making a separate post in the coming weeks about Unity detailing the structural schematic appearing to be an accumulation setup (Referencing Wyckoff accumulation Schematic). Technical Notes: The B Wave's height/pullback expected is not known, just made a base assumption off of the top VWAP resistance. The micro-wave count for the C wave is highly speculative. Looking for this to play out over the next few weeks.
NYSE:U
by ThePennyMan
another pullback maybeafter showing weakness at an old resistance level, unity pulled back on low volume to a buying area, went oversold, formed a hidden bullish divergence, and printed a tight candle. unity seems more likely to break the level this time with the moving averages showing more contraction and the 200 ma losing relevance as resistance. also, the structure down here resembles an aged wyckoff accumulation zone poised to breakout. there's more of a fundamental excuse this time too: the partnership with apple, unity's closure of the ironSource deal, restructuring to improve their earnings reports, the director not being sued for mismanagement (lol), and the generally improving market conditions. the bearish case is that the partnership with apple is overhyped, there has been mass insider selling over the past month, institutional ownership is high, the market is overextended, there's a possible head and shoulders pattern playing out on unity's chart (which means we may be in wave a in elliott wave terms), unity needs to retest the 200 ma break first, and finally, to phrase it expressively: today's bullish divergence is tomorrow's bearish divergence. overall, i favor the bull case more than the bear case, which i may live to regret. i'm in $1,500.00 at $39.79 average cost. target is $55; lot of people ready to sell at that zone. my stop loss isn't set but rather a guide pending developments.
NYSE:ULong
by Slappers
Unity Options Short StranglePrices are caught in this trading range with low volitility, while many tech stocks like NVIDA, TSLA, META, etc are mooning at the moment. This shows that not many traders are interested in this stock, price should continue to move sideways with low volitility so a short strangle here makes sense to collect some free premiums. Premiums are low but a profit is a profit. Expiry is set to the next friday, not too far out to prevent unexpected moves, as the chances of volitility increasing is higher the longer we wait. I did not pick this friday as most premiums this friday are pretty much already near worthless. short put and call are placed at the 2 purple lines
NYSE:U
by zongwei
U - buy the dipsSince last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement and although the stock started to sell off by the next day, it eventually found support at the 38.2% fibonacci retracemnt of it's most recent AB upswing. This forms the near term pviot which is a good place to place an initial stop (at least 50cts below) for those initiating a long trade now. While the 42-43 might still pose some headwinds in the near term, I suspect that the next retracement from there will be "shallow" and not going to bring it right back to the range low at 24+ (as had happened several times in the last 7 months. This is because dynamics of the overall market sentiment has been changing to more bullish now. However, a trailing stop will help if this speculation is wrong. p/s with FOMC round the corner, the market could sell off after, and if it does, it could provide a much needed breather before trend resumption. Hence I would view any near term pullback as opportunity to long stocks that are looking technically attractive. 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:ULong
by Juliac
$U One for the WatchlistUnity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said NYSE:U has been steadily increasing revenue and finally made a .01 cent profit last quarter (Hey, it’s profit). I have drawn in a blue line that seems to be an area of resistance since Sept 2022. There is also a green line on the chart which is an 18-month AVWAP. Coincidentally, they seem to be merging right now. That to me is important because “if” price can get and stay over both areas most of the resistance will be gone and it might be free to rise in value. All TBD. The other good news is that it is above the 40-week MA (white and all other shorter-term MAs). And finally, this is a nice long base, the longer the base the higher the move, or so it is said. I have this on my watchlist with an alert set at 42.50 so that it brings my eyes back to this and I do not need to watch it every day. Ideas, not investing / trading advice. Thanks for looking. Constructive comments always welcome.
NYSE:U
by jaxdog
Unity shares surge over 20% on Apple partnershipNYSE:U Unity Software Inc.'s shares jumped on Monday, rising over 20%, after Apple Inc. revealed it will be partnering with the video game software development company for its latest Apple Vision Pro headset. "We know there is a community of developers who have been building incredible 3D apps for years. 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 VisionOS features," Vice President of Enterprise and Education Marketing at Apple Susan Prescott said during the tech giant's conference. Unity's stock skyrocketed 21.42% at 3:21 pm ET, going for $37.64 apiece. Baha Breaking News (BBN) / AY
NYSE:ULong
by DynamicCapital-FX
Bet on metaverse now? 📲 Unity - company provides its own engine for creating games with virtual reality support. For example, almost all multiplayer cryptocurrency games are made on the Unity engine: BINANCE:SANDUSDT , BINANCE:AXSUSDT , DAR, MANA and others. Also, a huge number of games without the use of blockchain technologies. This tells us about the growing demand for services of this company. From the historical maximum, the stock has already fallen by -85%! The company is currently unprofitable, but revenue is growing at a good pace. Company's P/S multiplier is normal: P/S~7. The company is expected to reach net income next year: Forward P/e ~33. Should you buy Unity stock now? According to technical analysis, stock has been moving sideways for a year now. During this time, volumes of paper have grown, which means that investors are accumulating shares. However, there are no insider buying yet, which means we haven't seen great prices yet. 📊 Outcome: According to fundamental analysis, the business still looks bad, but the Unity direction is very promising. According to technical analysis, the paper looks attractive for long-term purchases, but we can still see a lower price. Ticker: NYSE:U ❇️ Forecast "optimistic in long term" 💵 Recommended buy prices: $25, $21, $16 💰 Volume per idea: up to 1.5% of the deposit 🎯 Goals: $45, $58, $76 📈 Growth potential up: to 150% by the end of 2023. 📉 Potential to drop up: to 50% by the end of summer. Write in the comments on what other assets you want to get an analysis 🔍 If you are interested in receiving promising ideas on market, dont forget subscribe to channel! In profile you will find a lot of interesting things.
NYSE:ULong
by Dorado_Crypto