Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Unity Software’s stock price surged 0.49% in intraday on Thursday and closed at $30.71.</a> </li> 
 <li> <span>2</span> <a>Unity’s share price (NYSE: U) has been on a losing streak since it failed to sustain above 50-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Unity’s share price is nearing a round level of $30.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>Unity Software’s stock price is witnessing selling pressure on the charts after it slipped below the 200-day EMA. The bears have regained control at the upper levels and made continuous efforts to drag the price back the the previous volatile zone.<br><br>The last quarter saw a reversal in the Unity stock that turned the price trend in favor of buyers and the price surge from a low of $25 to a high of $50 thus gaining a 100% return in a single quarter. The U share price surged breaking above the 50-day and 200-day EMA.<br><br>The current quarterly earnings stood as a surprise of 189% and the revenues were also better than expected. However, the stock tumbled down for profit booking despite the good results.&nbsp;</p> 
<p>The current quarter is witnessing a bearish trend at the moment as U’s price slipped below the 200-EMA. Thereafter, bulls tried to recover but ended up after the retest of the 200-day EMA.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="548" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-1024x548.png" alt="Is Unity A Buy At Dip For October Month, U Stock Forecast?" class="wp-image-172146" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985-1140x610.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-985.png 1453w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/19/unity-stock-fell-8-next-phase-of-decline-begins-in-u-stock/" target="_blank" rel="noopener noreferrer nofollow">Unity stock</a> derivatives data analysis states that the current implied volatility in the market is 56.77% with an increment of 2.44% in the last trading session. The at-the-money strike price has 931 open contracts on the put side and 205 open contracts on the call side indicating the dominance of buyers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-unity-stock-price-nearing-a-round-level-of-30-strong"><strong>Unity Stock Price Nearing A Round Level of $30</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-1024x456.png" alt="Is Unity A Buy At Dip For October Month, U Stock Forecast?" class="wp-image-172145" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-984.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: U 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingUiew</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Unity stock currently trades at $30.71 with a surge of 0.49% in the last session. The U share price has wiped out more than 5% in the last week. The stock price has reached a 6-month low and round level of $30 after which it might get the buyer’s support.&nbsp;</p> 
<p>&nbsp;The recent decline has again dragged the stock to the previous volatile zone below the $40 level. The price trend has gone sideways and directionless at the moment. The price may hover in the range of $25 to $39 until it decides on a clear trend.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-signal-a-bearish-outlook-in-the-short-term-strong"><strong>Technical Indicators Signal A Bearish Outlook In The Short-Term</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-1024x456.png" alt="Is Unity A Buy At Dip For October Month, U Stock Forecast?" class="wp-image-172144" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-983.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: U 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The overall technical indicators including RSI and MACD opinion rating for the stock is a 24% sell with a weakest short-term outlook on maintaining the current trend.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/19/unity-stock-fell-8-next-phase-of-decline-begins-in-u-stock/" target="_blank" rel="noopener noreferrer nofollow">Unity Software’</a>s stock price is facing selling pressure after falling below the 200-day EMA. The price had surged by 100% in the last quarter, breaking above the 50-day and 200-day EMA, but dropped after the earnings report. The current quarter is bearish as the price slipped below the 200-day EMA again and reached a 6-month low of $30.71. The stock is now in a volatile zone and may trade sideways in the range of $25 to $39 until a clear trend emerges.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $29.10 and $26.75.</li> 
 <li><strong>Resistance levels:</strong> $33.75 and $39.42.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Is Unity A Buy At Dip For October Month, U Stock Forecast?

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