Laction Unity a chuté de 12 % ; Les bénéfices entraînent une chute des actions U
Unity stock price fell 8.68% this week and bears dragged the price to the YTD lows. The stock price seems to be in a correction phase and is forming a bearish pattern. The U stock price is in a downtrend and trading below the 50-day and 200-day EMA. However, the current price looks oversold and has gone far away from the EMA. So, a short-term pullback rally may trigger any time from the lows. In mid-September, Unity stock price broke down the $32.00 crucial support which triggered the panic sell-off. Later, gradually, the price continues the downfall and erodes the gains of 2023. For the past few days, Unity shares have consolidated near the $25.00 level and buyers are trying to halt the downfall. The quarterly earnings of Unity Software Inc. were released on November 9, 2023. It reported an EPS of $0.322 vs estimates of $0.171. The reported revenue is $544.21 Million vs $554.171 Million. The company beat the EPS estimates by 88.87% but missed the revenue by 1.80%. The earnings were quite good. Despite that, the U stock price reacted negatively and collapsed 12% in the after-hours session. Will Unity Stock Price Hold the $21 Support？ Source: NYSE: U stock daily chart by Tradingview Unity stock