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UPWORK INC DRNUPWORK INC DRNUPWORK INC DRN

UPWORK INC DRN

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U2PW34 trade ideas

UPWORK PlanHey traders, UPWORK is in a bullish momentum with a large buying volume. It is located on a strong bullish support trend, the TIMEFRAME 1 Min an attempt to continue the sellers in progress. Which is heading towards its last precedent lower and still leaving in its rise. Strong possibility of breaking out the consolidation zone to arrive in a new zone. And go to the next high if the buyers have an appetite, we can get to the top of the consolidation zone, which is strong support and the next high. Please LIKE & FOLLOW, thank you!
NASDAQ:UPWKShort
by stephanelibatd
Gig Economy here to stay! Buy UPWKBull Case: 1. Gig economy not ending anytime soon 2. Beat estimates on the top and bottom lines. Expects revenue in the range of $89 million to $91 million. That was ahead of analyst estimates for $85 million, according to FactSet. Up Guidance. 3. Clear consolidation around $12 and $16, forming a base on a base pattern. 4. Price holding above the 50ma. Bear Case: 1. While UPWK beat estimates, it still lost money in Q2. Trade Setup: buy $15 stop $13.34 (2xATR) target $18 $20
NASDAQ:UPWKLong
by SR618
1
Gig economy winner. $FVRR or $UPWK?FA, - Structural headwinds through gig economy, freelancing and 'escape the rat race' theme - 3Y revenue growth 22% - Improving gross margins. 70% - Recent insider purchases - Like shopify, but for talent. Online talent marketplace. -Value? Market cap half of Fiverr with revenue twice as much. TA, - Major trend reversal. Short term moving averages crossing Long term MA - Trendline support - 120MA support 4H - Higher highs and lows Concerns, - Less than expected revenue growth during lockdown. YOY growth 19% at $87.5M Main competitor Fiverr reported YoY growth of 82% at 47.1m. Growth is key. - Fiverr reporter a net loss of only -$0.1M while UPWK reported a loss of -$10M. -Freelancers prefer Fiverr over Upwork. - Fiverr better glassdoor ratings (4.3 Vs. 3.8) - Higher volume on red days Seems more like a technical trade considering the above points or a value play. Fiverr is still the better company fundamentally. Until Upwork can show above significant growth rates, the stock would not gain much momentum. 20% growth for a growth stock with people looking for jobs online is not enough in my opinion.
NASDAQ:UPWK
by ashainp
UPWK: Starting to Retrace: Next Target $18+Upwork looks like it is about to enter a continuation of previous patterns at the price entry, and I expect the positive wedge to have a current target of $18. This also has long hold profit turnover potential afterwards or you could shorten at the wave and buy the dip. I feel like the patterns are there, and the AO is just repeating itself. Also ADR, and the pivot is quite obvious. That being said, everything I am saying is on an opinion based basis. Do your own due diligence and invest at your own risk.
NASDAQ:UPWKLong
by gamer456148
UPWK a top gainer, rising +105.26%. Expect Uptrend reversalUpwork (UPWK, $14.82) was one of top quarterly gainers, jumping +105.26% to $14.82 per share. Tickeron A.I.dvisor analyzed 156 stocks in the Packaged Software Industry over the last three months, and discovered that 139 of them (89.06%) charted an Uptrend while 17 of them (10.94%) trended down. Tickeron A.I.dvisor found 25 similar cases when UPWK's price went up 15% within three months. In 25 out of those 25 cases, UPWK's price went down during the following month. Based on these historical data,Tickeron A.I. thinks the odds of an Uptrend reversal for UPWK are 90%. The Aroon Indicator entered a Downtrend today. Tickeron AI shows that in 54 of 67 cases where UPWK Aroon's Indicator entered a Downtrend, the price fell further within the following month. The odds of a continued Downtrend are 81%.
NASDAQ:UPWKShort
by tickeron
UPWK looks to retest the 13s by the end of June or early July11.85 seems to have made a very strong resistance and UPWK has been moving in right direction in the bull triangle for awhile. Price could fall back to 11.85 in the next day or 2, but this will probably only delay the move back to the 13s. Patience will be key here. Lines Legend 1. Horizontal lines: Used to mark out major resistances and support based on points with larger trading volume (buy & sell), as well as any gap(s). 2. Diagonal lines: These are trend lines to mark out the price points that would if the stock is still bullish or bearish Technical indicators used 1. VWAP 2. EMA 3. RSI FIrst post on tradingview, but I have been working with these tools and made a nice run over the last year. Let me know your thoughts :)
NASDAQ:UPWKLong
by aozh
1