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mid-cap

One NYSE-Listed Technology Stock at Resistance Level: Unity Software Inc

Sep 25, 2024 | Team Kalkine
One NYSE-Listed Technology Stock at Resistance Level: Unity Software Inc

U:NYSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (US$)

Unity Software Inc

Company Overview: Unity Software Inc. (Unity) (NYSE: U) provides a platform for content creators. The Company's platform provides real-time three-dimensional (RT3D) development tools and services for creating interactive, two-dimensional (2D), 3D, augmented and virtual reality experiences across all major platforms and device endpoints. The Company has two complementary and interconnected solutions: Create Solutions and Grow Solutions.

As per our previous US Diversified Opportunities Report published on ‘U’ on 27th June 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 16.46 based on decent fundamentals, price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysisand the stock price has now moved by ~39.31% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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