UPST - at a key supportlosing all daily moving averages on volume...needs a lot of fireworks above current level to justify long position.
break below could test January low at 77.
I am bullish LT, but price is otherwise right now.
Upstart
UPST - Day Trade Opportunity to go SHORTI am really liking a Day Trade Opportunity on UpStart
Looking at purchasing PUT OPTIONS on this one.
Ideal set up is for us to get a little buying activity to retrace back to structure in the 137-140
Target is 105. Looking at a 2-3 Week Contract for this move, however expecting the full move to happen in 6-8 days.
UPST - Bearflag BUT showing signs of bottomRallied 50% from the recent low...and pulled back from the supply.
Bearflag should have pushed price further down today, but it recovered well.
Price action is not all that bearish right now, so bears need to be careful if THIS can manage to stay above 91..
Targets, below 91, 75 (double bottom?), 54
Above 91: 105, 128, 154
Upstart: Further Losses Ahead? Upstart Holdings - Short Term - We look to Sell at 91.86 (stop at 110.36)
Bespoke resistance is located at 120.00. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Previous support located at 45.00. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 45.80 and 37.10
Resistance: 120.00 / 130.00 / 150.00
Support : 80.00 / 65.00 / 50.00
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UPST - Presented without commentVWAP Profile shows some important levels
168 - This number seems to coincide for multiple indicators. I have a feeling that we will see that sooner than many think.
There is still time, but then this has been up 50% from the recent low already. another 40 points is a matter of days.
UPST - Continues to lead the growth namesRallied hard from the recent low and pulled back - as expected from VWMA on 4H...I would still be long as long as it stays above 87...below there is gap to be filled around 60.
$UPST - Prime Short CandidateBased on overnight futures action, we may experience a gap down tomorrow.
The chart for $UPST looks awful with the stock losing many key levels of support. We're currently at our last level of support before huge downside.
If we break through 106.5, it's extremely likely we see 91 over the coming days. Will enter a short in the morning if my thesis plays out.
Upstart crumbles making new lows. Will it bounce?Hi everyone,
Today I will demonstrate another example of a catastrophic dump in growth technology stock. This time we are taking a look at Upstart NASDAQ:UPST .
The stock IPOed in December 2020 and I still remember the hype created around it. In August 2021 it started goind parabolic. Classic growth IPO stock.
The entirety of fintwit community seemed to hold this stock in their portfolios. Everyone was boasting how their YTD return is 80% thanks to Upstart performance.
That's when you know it's time to get out.
NASDAQ:UPST topped in October 15. The stock was valued at 420 times earnings.
It's price fell 72% in three months. From 401 all the way down to 111 .
Even after 72% fall TTM P/E ratio of the stock is 113.
Now, the question is will it bounce ?
The stock currently is in a very steep downtrend, which will be broken easily, once determined buyers step in. Thus far, they are nowhere in sight.
Since the IPO by far the largest portion of volume traded occurred in 122-137 price range. In order to rebound we need to see acceptence in this area.
Otherwise, look out for these levels below:
103, 81, 43.
Please let me know what are your thoughts on a current state of the tech sector.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
UPST Looks Pretttttttty good...UPST lo
Looks like it could be a big mover.. We will see. It's always great to have ones like these to have fun with!
Check out historically the performance of the stock price when certain conditions are met. Right now we are seeing a bullish trend and possibly break out of a brutal downtrend.
Gap Fills To be honest I'm a bit confused on the direction of the stock. I do believe that this bearish trend isn't over like block and paypal however the lower gap on the daily seems pretty enticing for shorts. i'm currently down because i bought a stupid call contract but I'll be selling it at market open.
Upstart's Next RallyElliot Wave Analysis on $UPST:
1- Corrective Wave 2 should most likely be completed somewhere in the zone depicted on the chart
2- Wave 2 may not be complete before 17 Mar 2022
3- Wave A, the first leg down of Wave 2, is already stretched enough so the price should reverse to the upside sooner than later
4- Wave 3, which is usually the longest and strongest of all waves has a price target of $750 to $1130. A more accurate target can be estimated once Wave 2 is complete
5- A very rough estimate shows us that Wave 3 should be completed around mid-2024 yielding 5x to 8x if $UPST is purchased at today's price around $140
This is not financial advice, DYODD
UPST Potential Divergence TradeNASDAQ:MARA
Share Price Lower Low, FiFT Pro Higher Low. Divergence Trade
Is $UPST Ready for breakout?$UPST after a beautiful bull run now is is getting correction and need to breakout the falling wedge for reversal. Mentioned points in chart about reversal met the support $206 want here to create a base for reversal if it misses to hold next big level will be on $191 support level. Good earnings and good growth to be hold for long term but don’t chase it let it settles down and start making reversal.
$UPST Analysis$UPST analysis
Looks like we might be nearing the W4 bottom. Could be worth a try with a tight SL below 228 and a PT of 300+
35% upside vs 3.5% risk. Shares over calls since they're expensive AF
Upstart ~ $UPSTUpst might be able to find some support here near 244, if it doesn't this would be a huge break to the downside and I'd enable to open puts in this name... AFRM looks like it's on thin lining as well.
UPST to $420, LET'S GO!UPST chart
Looks great, I would buy under $315 on Nov 2nd or 3rd.
If trend breaks, wait for the HH to enter.
$UPST - Is this just the start?!?!This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible.
1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3 takes us to a mind boggling value of 550-600 (white dotted line)....I don't wanna get ahead of myself, but a full completion of this count takes us to 800+, and more likely closer to $900+. This hyper bullish scenario could play out if Upstart is truly the disruptor it claims to be.
OR
2) We are in a triple nest which is currently playing out with cycle wave 3 (yellow count, but 3/4/5 are not complete yet), a primary wave 3 (red count, w3 not complete yet, targeting ~400) and an intermediate wave 3 (pink count) which just reached its 161.8% target of ~290. From here we could see a retrace for primary W4 to around 235-210, before we reverse for a intermediate wave 5 and head back to ~400 to reach the primary W3 target (red count). The interesting thing about this is, when you take the red count to its final wave 5 target, you end up at 560-600! this is the same range as W3 target of scenario 1.
Regardless of how you count is, you end up at 400, then 600 then 900. The key is, do we hold 235-210, confirming that we are in the triple nest, OR do we fall below 200 and back down to 135-84, confirming that we have just completed cycle wave 1 at 300.
Basically, this is looking like a massive opportunity with buy zones at 235-210 and 135-84. Give this name a couple of years and see where we end up!
BTFD
It's Time. Round 2 baby.UPST took my beer money but it's time for the redemption arc. Retest of $200 coming very soon and it will sky drop past every resistance level into oblivion. Weak momentum and True Bearish Divergence spotted. Overvalued? More like Overflowing Beer Money. Let's get this bread by shorting this bread
Re-tracement study with Weekly Fibs, Volume profile AVwapWeekly chart with Fibs distribution rally retracement metrics combined to compared to the Volume profile and POC and the anchored Vwap off each rally high
Of note the continuity of the retracement area on each rally in the fibs
Small Correction possible at $UPSTI think UPST will go up in long term, but in short term i am expecting a correction as it is currently at resistance levels. So i think selling now and buying at lower levels (around 200) can be a great idea.
UPST: 3 for 3 on 30% Pullback? - Standing by for entryWith this analysis I notice that UPST always seems to top out as indicated in the upper trend line in orange. Looking for a bounce off the fib line around 218 to start it's quick journey lower. On average we see about a 30% drop when this occurs. Watching this closely for entry as it's been getting a lot of positive headlines and they recently increased guidance. I think the valuation is quite rich though and a pull back is needed to continue higher. Will look to enter puts on confirmation.
It's time !Weak momentum upwards hit previous tops, bearish divergence formed. Need to test previous levels as momentum heads downwards. Price will move faster if overall market sentiment is bearish
positions : upst 185p
