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Upstart Holdings, Inc.Upstart Holdings, Inc.Upstart Holdings, Inc.

Upstart Holdings, Inc.

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UPST trade ideas

Trade Review - UPST Added UPST to the watchlist on October 27 due to a bullish continuation pattern on the daily chart. A quick look at the higher timeframe showed that the price was near the upper extreme of its range, with an earnings report date approaching as a precaution. I closed the position within the measured move range (based on the assumption that the stock would maintain a similar range and volatility). However, expect that events or shifts in market behavior can move prices short of / outside this projection. Trade Overview • Structure: Bullish Continuation (D) / Range (W) • Position: Near Mean (D) / Inside Range (W) • Entry Trigger: Failed Breakdown (BIR) at EOD Entry Details • Entry Price: 50.26 • Stop Price: 45.41 (1.7 ATR) • Target Price: 72.24 • Expected Risk/Reward: 4.55 R Exit Strategy • Exit Price: Closed 80% at 1R and rest into 72.24. Precaution into ER.
NASDAQ:UPSTLong
by Trader-Shah
$UPST Bullish Flag can Test August '23 HighIn my search for technically sound swing trade ideas I stumbled on $UPST. What we are looking at is almost a perfect technical setup of a bullish continuation flag. We have a nice breakout or "flag pole" on high volume followed by a generally controlled flag pattern down with low volume. What I really like about this setup is it is measuring to test its August '23 high almost perfectly. According to technical analysis, "flags fly at half mast" meaning they form at the midway point of the move. In order to measure the following move precisely you can measure the distance of the preceding breakout point. In this case, the breakthrough of the lower level resistance. Measuring this, I found that the following move could be around $12, putting it at $60 a share and right at the upper level resistance. Invalidation would occur with a daily close below the lower trendline of the flag. I think we could see the start of a large upside move within the next week or two. Unfortunately, we also have the election next week which does all sorts of weird things to the market as a whole. If this setup invalidates but bounces off the lower (previous) line of resistance- I will take another look.
NASDAQ:UPSTLong
by sbridger33
Upstart Holdings, Inc. (UPST) on a weekly timeframe.Upstart Holdings, Inc. (UPST)** on a weekly timeframe. Key Price Levels: 1. Support Zones: - Around $40 to $42: This green-shaded area represents a prior consolidation zone that now acts as a key support. A retest of this area would offer a lower-risk entry. - $28 to $30: Below the current price, this is a secondary strong support zone where the stock previously based, as indicated by the consolidation in early 2023. 2. **Resistance Zones:** - $55 to $58: The stock is approaching resistance here, where it faced prior selling pressure. - $70 to $72: This is the next resistance if it clears the $55-$58 zone. Projection and Pattern Analysis: - The chart shows a breakout from consolidation with a sharp upward movement, suggesting bullish momentum. - The white line drawn on the chart represents a price projection potentially reaching $65 to $72, implying a continuation of the trend if the stock breaks out of the current resistance zone. Optimal Entry Points (Risk Zones): - $40 to $42: Ideal lower-risk entry on a pullback, as it aligns with a support zone and prior consolidation. - $46 to $48: This zone could also act as an entry, but risk increases here since it's closer to current resistance. Exit/Profit Targets: - First exit target**: Around $58, which is near current resistance. - Second exit target: Around $70 to $72, where strong historical resistance exists. Stop Loss Consideration: - A stop loss should be placed below the $40 support zone (around $38), as a breakdown below this level would indicate a potential reversal in the trend. Summary: - Entry zones: Ideal entries are in the $40 to $42 range or on a pullback near $46 to $48. - First exit target: Near $58. - Second exit target: $70 to $72. - Stop loss: Below $38 to protect capital if the trend fails. This setup looks bullish in the short term, with the potential for further upside if resistance levels break.
NASDAQ:UPSTLong
by BrothersInBitcoin
UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade) A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit. Key Levels Entry: 51.67 – The short position was initiated after identifying strong bearish momentum. Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals. Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds. Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases. Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target. Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move. Trend Analysis The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum. The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
NASDAQ:UPSTShort
by ProfitsNinja
2
UPST Cup and Handle Formation: The chart clearly displays a rounded "cup" pattern from November 2023 to around September 2024. The "handle" appears to have formed in late September and early October 2024. This formation is a bullish signal, often indicating a continuation of the upward trend if the price breaks out above the handle. Key Resistance and Support Levels: There is a resistance level around $54.52, which corresponds to a previous high in December 2023. Another, more distant resistance level is at $72.19, which is highlighted as a potential target if the price breaks out of the handle formation. The support zone is marked between $36 and $44, where the price consolidated during the handle formation. Potential Target: Based on the height of the "cup," if the price breaks the $54.52 resistance, there is a potential upward move towards the $72.19 level. The green dashed line indicates the projection of this bullish move, suggesting a strong upward trend could follow the breakout. Current Situation: The price is currently trading around $47.02, which is above the handle. A breakout above $54.52 would confirm the bullish move. However, if the price falls below the support zone, it could invalidate the bullish scenario and lead to a correction. Suggested TradingView Description: The Upstart Holdings, Inc. (UPST) chart displays a textbook "Cup and Handle" pattern. A breakout above the $54.52 resistance could signal a continuation of the uptrend with a potential target around $72.19. The current support zone is in the $36 - $44 range, with a bullish breakout confirmation needed for further gains.
NASDAQ:UPSTLong
by SOKAKIARISChrisbar
Upstart Holdings Inc. Announce Convertible Senior Notes OfferingUpstart Holdings, Inc. (NASDAQ: UPST) recently made headlines with the announcement of a $300 million private offering of Convertible Senior Notes due 2029, with an additional $45 million option granted to initial purchasers. This comes at a pivotal time as Upstart (NASDAQ: NASDAQ:UPST ) aims to use a portion of the proceeds for general corporate purposes and repurchase part of its outstanding 0.25% Convertible Senior Notes due 2026. The notes, senior and unsecured, bear interest and are convertible into cash, shares of Upstart's common stock, or a combination thereof, at Upstart's discretion. The company also announced the intention to use the net proceeds to enter into capped call transactions, offsetting potential dilution in stock value. As this activity ramps up, analysts are closely watching the movement of NASDAQ:UPST , particularly its recent price action and trading indicators. Technical Outlook From a technical perspective, NASDAQ:UPST stock has been facing some headwinds. The stock is currently down 4.65% in Monday's session, a notable dip following the news. However, despite this downturn, there are some encouraging signs on the horizon. 1. RSI at 57: The Relative Strength Index (RSI) shows the stock is not yet oversold, hovering around 57. This indicates that, despite the price dip, there is still potential for upward momentum, especially if the stock enters oversold territory (below 30 on the RSI). 2. Moving Averages: NASDAQ:UPST remains above its key moving averages, offering a glimpse of support levels that could serve as a cushion against further drops. These technical levels suggest that the stock has not yet hit a bottom, but there may be opportunities for bullish investors looking to re-enter at a favorable price point. 3. Volume: Trading volume is likely to increase as the market reacts to the offering news and convertible note transactions. Historically, NASDAQ:UPST has seen higher volatility around such announcements, which could lead to short-term price swings before settling into a more stable trading range. Further Explaining The convertible senior notes offering shows Upstart’s focus on long-term strategic funding. The company plans to use part of the proceeds for general corporate purposes and to pay for capped call transactions, which are designed to reduce potential dilution in common stock upon note conversion. Upstart's leadership in AI-driven lending and its continuous efforts to innovate in financial services support its potential for long-term growth. However, in the near term, the market will be watching closely how the convertible note offering plays out and whether Upstart (NASDAQ: NASDAQ:UPST ) can maintain its momentum amidst potential stock dilution concerns. The company has proven itself capable of raising capital in challenging environments, and this offering could set the stage for future innovation and growth. Investor Consideration For investors, the convertible note offering provides an intriguing angle. Those looking for high-risk, high-reward plays might find value in NASDAQ:UPST , as the stock is trading above key support levels. However, the stock's volatility and recent dip serve as a cautionary signal. It's also worth noting that while the RSI remains hopeful, investors should watch closely for any further breakdowns in price, which could signal more bearish momentum. As Upstart (NASDAQ: NASDAQ:UPST ) continues to innovate with AI-powered lending and shifts in its debt structure, the stock will likely experience fluctuations. A long-term bullish outlook might remain intact if the company successfully manages this capital raise and the accompanying capped call transactions. In conclusion, Upstart (NASDAQ: NASDAQ:UPST ) offers an intriguing mix of short-term uncertainty and long-term potential, particularly with its convertible note offering and strategic maneuvers in the financial sector. Investors should weigh these factors carefully while considering their positions in the stock.
NASDAQ:UPST
by DEXWireNews
400% extension for Upstart Holdings IncOn the above 10 day chart price action has corrected 70% since mid 2023. A number of reasons now exist for a long position, including: 1) Price action and RSI resistance breakouts. The recent rally in price action has broken the downtrend confirming past resistance as support. 2) Regular bullish divergence. 3) The falling wedge pattern has now confirmed with a 400% forecast to 130. Is it possible price action continues with the correction? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe to target: 2024 Stop loss: elsewhere
NASDAQ:UPSTLong
by without_worries
9
Upstart Holdings Surge Over 45% After Q2 Earnings Beat EstimatesUpstart Holdings Inc. (NASDAQ: NASDAQ:UPST ) has stunned investors and analysts alike with its recent financial performance, propelling its stock price to soar over 45% following the release of its second-quarter earnings report. This dramatic rise highlights a renewed confidence in the AI-driven lending platform, as the company showcases resilience and potential in a challenging economic landscape. Q2 Earnings: A Remarkable Turnaround Upstart (NASDAQ: NASDAQ:UPST ) reported a Non-GAAP EPS of -$0.17, surpassing expectations by $0.22, and revenue of $128 million, exceeding forecasts by $3.47 million. Despite a year-over-year revenue decline of 5.7%, these figures represent a significant improvement over analyst predictions. The company achieved a transaction volume of 143,900 loans, boasting a robust conversion rate of 15%, up from the previous year. However, the financial report wasn't all positive. Upstart's net income loss widened to $54.5 million from $28.2 million in the same quarter the previous year. Despite these challenges, the company's contribution profit stood at $76.1 million, with a contribution margin of 58%, painting a mixed yet promising picture of its operational health. Analyst Upgrades and Market Reaction The earnings beat has led to a substantial shift in analyst perceptions. Citi upgraded Upstart from ‘Sell/High Risk’ to ‘Neutral/High Risk,’ raising their price target from $15 to $33. Piper Sandler maintained a ‘Neutral’ rating but increased their price target to $31 from $28. These upgrades reflect an improved outlook based on enhanced conversion ratios and a reduced impact of macroeconomic variables on credit losses. Investors responded enthusiastically, with Upstart shares (NASDAQ: NASDAQ:UPST ) surging over 25% at market opening and continuing to climb, currently trading up over 45%. This rapid increase demonstrates the market's renewed optimism towards Upstart's future prospects. AI Advancements and Strategic Outlook CEO Dave Girouard attributed the strong performance to significant advancements in Upstart’s AI model and operational efficiencies. The company's AI-driven lending platform continues to attract and retain lending partners, a crucial component of its business model that leverages technology to streamline the personal loan process. Upstart (NASDAQ: NASDAQ:UPST ) has provided an optimistic financial outlook for Q3, projecting revenues of around $150 million, against a consensus of $135.33 million. This projection is supported by anticipated revenue from fees and an expected positive EBITDA in the fourth quarter, signaling confidence in sustained revenue growth and potential profitability. Market and Economic Context The positive performance comes amidst a backdrop of mixed economic indicators and a challenging macroeconomic environment. The Upstart Macro Index, which estimates macroeconomic impacts on credit losses, alongside analyst commentary, suggests cautious optimism but highlights the need for sustained positive trends before a more bullish outlook can be confidently established. Valuation and Long-Term Prospects Despite the promising outlook, some analysts have expressed valuation concerns, particularly highlighting the company’s high EBITDA multiple and substantial debt levels. Upstart’s focus on integrating AI for more precise risk assessments and better loan terms showcases its pioneering role in transforming the lending industry. However, the ongoing need to manage debt and navigate a fluctuating economic landscape poses significant challenges that could impact its long-term growth trajectory and market position. Technical Analysis and Future Trajectory From a technical perspective, Upstart's stock has experienced extreme volatility since its IPO in December 2020, surging above $400 before crashing and losing over 95% of its value by early 2023. The stock has shown resilience, finding support near the $20.60 level and resistance above $37. As the stock continues its rapid surge, investors should monitor its behavior around the $35.1 level, the 61.8% Fibonacci retracement from previous swings, and its medium-term resistance above $37. A weekly close above these levels could signal a new uptrend and provide a safer entry point for fresh long positions. Conversely, a failure to break through these resistances could see the stock fall back to the $21 level. Conclusion Upstart Holdings’ impressive Q2 performance and subsequent stock surge underscore its potential as a transformative player in the fintech sector. While challenges remain, particularly around valuation and economic conditions, the company’s advancements in AI and strong market positioning suggest a promising future. Investors should stay vigilant, monitoring key technical levels and broader market trends to navigate this volatile yet potentially rewarding stock.
NASDAQ:UPSTLong
by DEXWireNews
UPST Long PositionHi traders, Looking at Upstart Holdings (UPST), we can see that it has formed a descending triangle pattern over the past few months. Based on Upstart Holdings' recent strong performance and positive market sentiment, there are compelling reasons to consider a long position in this stock. Recent developments such as partnerships and expansion efforts highlight Upstart's potential for continued success. As the descending triangle pattern forms, there is potential for a breakout to the upside, further supported by the positive momentum in the broader market. Consideration of a long position may be warranted upon confirmation of a break above the upper trendline. 1st Take Profit: 35.83 2nd Take Profit: 48.83 Final Target: 72.05
NASDAQ:UPSTLong
by vf_investment