Unity Software Inc. stock price up 0.6% on Friday (Updated on April 23, 2021)
Unity Software Price
Unity Software Inc. Analyst ratings, historical stock prices, earnings estimates & actuals. U updated stock price target summary.
View the basic U option chain and compare options of Unity Software Inc. On Yahoo Finance. Unity Software Inc. Is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007.
Buy or Hold candidate since 2021-04-13
Unity Software Price Today
Gain 0.93% PDFThe Unity Software Inc. stock price gained 0.60% on the last trading day (Friday, 23rd Apr 2021), rising from $101.90 to $102.51. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.23% from a day low at $101.80 to a day high of $104.07. The price has risen in 6 of the last 10 days and is up by 5.4% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 1 million shares were bought and sold for approximately $149.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $105.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.18% during the next 3 months and, with a 90% probability hold a price between $49.46 and $70.35 at the end of this 3-month period.
Signals & Forecast
Mostly positive signals in the chart today. The Unity Software Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $100.55 and $99.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 25, 2021, and so far it has risen 12.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss
Unity Software Inc. finds support from accumulated volume at $100.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.27 between high and low, or 2.23%. For the last week, the stock has had a daily average volatility of 4.45%.
Our recommended stop-loss:$96.95(-5.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Is Unity Software Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score:1.214
Predicted Opening Price for Unity Software Inc. of Monday, April 26, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
| Fair opening price April 26, 2021 | Current price |
|---|---|
| $102.79 | $102.51(Undervalued) |
Credit Suisse Group is very positive to U and gave it a 'Outperform' rating on April 05, 2021. The price target was set to $170.00.Over the last 30 days, this security got 1 buy, 0 sell, and 0 hold ratings.
Daily Average Volatility
Very High
High
Medium
Low
Very Low
Unity Stock Price
Resistance: $110.61
Price: $102.51
Support: $100.53