(Finance) – Lively session today for UnitySoftwarewhich boasts a 2.29% gain on the NYSE, after Morgan Stanley upgraded it to overweight from its previous equal weight. For analysts at the US investment bank, the stock has heavily underperformed the S&P 500 and has lagged by about 80%.
Weekly analysis of the stock compared to theS&P-500 shows a weakening compared to the index in terms of relative strength of UnitySoftwarewhich is doing worse than the reference market.
The medium-term status reaffirms the positive phase of UnitySoftware. However, if analyzed in the short term, UnitySoftware shows a less intense trend of the bullish trend at the test of the top 17.71 USD. First support at 16.25. The technical implications lean towards a bearish development in the short term towards the imminent bottom estimated at 15.75.