UNIT Should I Buy

Not a good buy right now. UNIT is in a strong short-term uptrend, but it’s also technically overbought after a sharp +10.64% regular-session jump and is trading just below key resistance (R1 ~8.34). With no supportive news catalyst, mixed/cautious Wall Street stance (including an Underperform), and elevated leverage/EBITDA concerns still central to the bear case, the current setup looks more like “chase risk” than a clean entry for an impatient buyer. I would avoid initiating new longs at this level and only reconsider on a pullback toward ~7.75 support or a clean breakout above ~8.34 with follow-through.

Trend is bullish but stretched. Moving averages are aligned positively (SMA_5 > SMA_20 > SMA_200), and MACD histogram is above zero and expanding (0.0126), confirming upside momentum. However, RSI(6) is 81.1 (overbought), increasing the odds of a near-term pause/pullback after today’s surge. Key levels: Pivot 7.752 (important near-term support), S1 7.164, S2 6.8; Resistance R1 8.34 then R2 8.704. Price is currently near resistance, making the risk/reward for a fresh entry less attractive. Pattern-based short-horizon expectation is modest: ~60% chance of ~+0.76% next day, ~-0.43% next week, ~+1.8% next month. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.