Score 7.7 (out of 10): UNITY SOFTWARE INC sets up for +24.7% rally in 1 month

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What’s Going On Here?

UNITY SOFTWARE is a video game software development company. Gaming is poised to continue accelerated growth according to Unity Gaming Report 2022. Wallstreet sees +86% upside.

Why Now?

UNITY SOFTWARE INC has triggered a new high volatility signal (3 month). During similar occasions, UNITY SOFTWARE INC shares had a median return of +24.7%, over the following 1 month – based on 3 historical occasions with 2 of those showing positive returns (67%). This buy signal for UNITY SOFTWARE INC received a high score of 7.7 (out of 10). This insight was generated on 2022-March- 16 with last price of 87.73.

What’s This Company About?

UNITY SOFTWARE INC is in the Entertainment Software business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth +86% (average). Ticker symbol: U US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 109.42 (+24.7%) has been reached. Based on UNITY SOFTWARE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 76.23 (last price at 87.73), which is equivalent to a -13.1% decline.

Historical Chart:

Summary:

NameUNITY SOFTWARE INC
ViewUp
Star (1 to 10)7.7
Target+24.7%
Time1 month
Hit Rate67%

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