Small Correction possible at $UPSTI think UPST will go up in long term, but in short term i am expecting a correction as it is currently at resistance levels. So i think selling now and buying at lower levels (around 200) can be a great idea.
UPSTD trade ideas
UPST Short position Not for the weak handedOkay so basically everything on this chart tells me to sell this bad boy short down about 20$ per share at the moment
the 4 hr time frame looks like hidden bullish divergence
but the daily looks like shes about to turn over
there is a divergence with volume and the higher highs
RSI on the daily looks like in can climb more
we just have to see where this takes us been watching for about a month
use stop losses I am currently in an airplane and dont want to pull my day trading app out live up here.....
UPST holding Upst after the results is doing well , i have traded with this stock many time in and out , last 2 month i sold it at 191 and then goldman sachs upgraded the Stock , I’ve been riding the Stock from 100 and now its 242 , still I’m holding big quantity , recently crossed the line and stock need to rest little , look at the support Area ..
This chart was made two month ago but I didn’t published anywhere , but now I’m sharing this to idea for other to understand how you can build your strategy and keep truck of your stock performance.
I’m a silent CFA analyst person certified for global market , Dont like to publish anything :)
Good luck
Price Levels for UPSTNASDAQ:UPST
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Upstart Potential ShortNASDAQ:UPST
Upstart might fall to $190 to $195,
It is Hitting its upper channel, Volume decreasing, RSI & price action indicating bearish divergence, MACD signaling bearish crossover.
Buying puts for next two weeks, depending on tomorrow's price action.
Upstart Rising Wedge - (4 HR)$UPST, 4HR, Rising Wedge break down, watching below the first purple line.
Cup and HandleUPST is sending out a few warning signs that price may pull back. Price is over the band set on an 80 SMA. Price eventually returns to the bands.
GET a Good Long Entry Level if interested (o:
Bearish divergence on RSI a while back which has most likely corrected. Possible divergence on the steep climb after earnings as the price incline is much steeper than RSI.
Lots are bullish on this but long entry level can be crucial to your psyche. There is no true handle which would require a period of consolidation> Consolidation forms a source of support and I feel a bit better when I see it somewhere under price that is close by or at least in the ball park. I placed green lines where I see support. You may see it elsewhere.
I do not see any bearish rising wedges and that could even be a flag forming up there but too soon to know. In either case a pull back may be on the horizon.
Gap under price. Earnings are an event pattern and price will usually chill out within a week or two.
A crooked W took price to the prior high on the last notable leg up before this one. I did not Fib the W out to figure out which pattern it is as it no longer matters. Most likely a bearish harmonic pattern that hit the target before coming down. But folks can trade a bearish harmonic pattern if they recognize it on every leg with a mixture of going short and going long. After all, patterns like this are not so bearish if you got in at the bottom of the last leg up of that crooked W. But they are still referred to as bearish and bullish harmonic patterns. You can get stuck in a bearish leg of a bullish harmonic pattern as well, which usually appears as a crooked M. Just need to be sure to get out in time when a bearish harmonic pattern hits the end of the final leg up (because it is coming down) or in a bullish harmonic pattern, go long when it hits the landing pad (because it is usually going up.) (o: Current high is 220.11.
No recommendation.
lets look for some downside herepotential fake out breakout of top trendline resistance, about to break back below it. RSI indicator is also hitting overbought zones on bigger timeframes. Id be very cautious if i was considering calls. under 185 support we can look for downside to 150! puts may print here. goodluck traders! :)
It will keep on goingI haven't been trading on this but looks like there is more upside to it. Wave 3 can go further up than marked here but i am being conservative.
TrendyCharts: UPST Breakout Holding up strong here with good volume. Watch for a breakout of this channel as it closed at the top. I personally would wait for a close above or retest before going long.
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.
$UPST - At major resistance level, RSI over bought$UPST - At major resistance level, RSI over bought, watch for pullback
$UPST (UPSTART)Strong ERs Report boasted price action beyond expectations.
Super High on DAILY RSI. MACD Extended.
double inside down candles on 4hr Chart should see this return to support.
Price Target on Entry
Aug 3 21 175Ps 1.20-1.50/contract.
Price Targets:
1-$195
2-$185
3-$175
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
UPST: "Is Upstart right for you?" Requested by leeterry2020A newly IPO-ed company that wasted no time in surging almost 10X in less than a year!
Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will.
With that, we can look for better entry since price is currently already near the upper channel. There's a couple of ways to go about this.
1) Wait for a pullback to $165-180 area as there's support drawn from the 1H chart.
Or
2) Wait for price to drop back to the bottom of the channel.
Either way, we will have to reevaluate again if and when it pullback.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list and 3 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$UPST - W3 of W3 of W5? Upstart needs to stay above $112.85, and cross $128 and then $135. If it can clear $135, $142 and $150 aren't a long way off.
Invalidation level is 105.58....below that level, it wave 4 would have crossed the wave 1 high invalidating this count.
My final target is ~265, but that's still a long way away i believe. The above mentioned levels are the ones to watch for the short term.
Watch for a bounce between 116-120.
TL;DR:
PT1 = 135
PT2 = 142
PT3 = 150
SL = 112.85
Inv = 105.58
A review on the bright side of the August!I have published a few analyses that need some review!:
Longs:
UPST
PLTR
SOFI
COIN
AI
Shorts:
TWTR
MRNA
NASDAQ:TSLA
NIO
The Art of Technical AnalysisI want to share my previous analysis on NASDAQ:UPST and make it public:
August 2, 2021
I do not trade stocks before earnings but risk-takers could benefit from this potential 25-47% move..!
stop-loss 18%.
UPST: Definitely a Multi-BaggerUpstart Holdings operates a cloud-based artificial intelligence (AI) lending platform. The company aggregates consumer demand for loans and connects it to its network bank partners.
Levine (1997) postulated that financial development contributes to economic growth. Financial development takes place when (1) the range of financial products broadens and (2) the accessibility of financial products improves. Upstart happens to plug this gap by increasing accessibility of loans to consumers, while at the same time reducing default rates (less people will run on the loan, less risk is taken).
The management team of Upstart is impressive, with an experienced CEO, a brilliant whiz kid and a solid operational genius. I believe that they have the drive, capacity, and the audacity to make this work. The company also has a wide moat with its unique automated lending AI model – it takes a long time to build something like this and Upstart has managed to make it work. If Upstart's algorithm is being updated and improved constantly, the company could become the Google of AI lending!
The company is obviously massively overpriced with a forward P/E of about 200 times. However, that is usually the case with most innovative multibaggers (see Facebook, Amazon, Google), they are almost always overpriced. The share price has recently retraced from its high of $191 and is consolidating along the 50-day moving average. Given that it is forming an ascending triangle pattern on lowered volume, I would buy on the break of $130 as a trade or start accumulating for a long-term position.
