Assess Price Trend of Unity Software Using SMA and Parabolic SAR
$Unity Software(U.US$ have been a leading player in the world of real-time 3D development and gaming. With its powerful game engine and versatile development tools, Unity has become the go-to choice for developers and designers across various industries.
Let me share how I use Simple Moving Average (SMA) and Parabolic SAR indicators to determine if we should go longs or shorts for UnitySoftware (U.US).
Unity Software (U.US) on Simple Moving Averages (SMA)
If we look at the SMA50 and SMA200 level, currently Unity Software (U.US) is experiencing a Bear trend, but if we notice the chart and the SMA200 carefully, we can see that it might be doing reversal and starting a Bull trend soon.
As always, we do not use single indicator to determine a price trend. I will use another indicator to see how is Unity Software (U.US) doing in terms of price trend?
Unity Software (U.US) on Parabolic SAR indicators
From the chart below we can see that Unity Software (U.US) have just undergo a reversal of the price trend, currently it is on a Bull trend.
I would think to go longs and it should have a key breakout this week (20-23 June), based on Parabolic SAR indicator.
Appreciate if you could share your thoughts in the comment section whether you think Parabolic indicator would be a good for price trend analysis.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Use A.I. to pick stocks.
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