Unity Software Inc. (U US) A long position could be considered with an entry point at 22.50

Unity Software Inc. (U US)

• Current Price Movement: Shares of Unity Software have closed at their highest point since May 2024. The stock is now trading above the 200-day Exponential Moving Average (EMA), suggesting a potential shift from a bearish to a more bullish trend.
• Indicators:
  • MACD (Moving Average Convergence Divergence): Positive, indicating increasing bullish momentum.
  • RSI (Relative Strength Index): At overbought levels, which could suggest some caution for potential pullbacks or consolidation before continuing its upward trajectory.
• Trading Strategy: A long position could be considered with an entry point at 22.50, targeting a price of 25.50 with a stop loss at 21.0 to manage risk.