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

Upstart Holdings, Inc.

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UPST trade ideas

securing half my UPST for about 84% in gains 💙Like I mentioned in last post, this is one of the few positions I actually held long for a swing. We called the triple bottom bounce, trend breakout and even gave long trigger at 22 if you missed the dip entry 🔥 I will sell more of my shares either at 35 or if it goes to breakeven for some reason After 35 a rally to 50 is possible, but we need some very very good news for that to happen. boost and follow for more. thanks 💙
NASDAQ:UPSTLong
by Vibranium_Capital
3
UPST - will it succeed in breaking up?UPST formed a double bottom base over the last 6 months with a horizontal neckline at 26 The odds of a successful breakup has increased this time owing to the overall market strength. A daily CLOSE above could be significant as it has not been able to so for the past 6 months. Other factors increasing optimism (of a successful break in the near future) is some strong volume accumulation since it's earnings beat on 10th May, gapping up strongly and only partially filled before propelling higher. Most likely this is a breakaway gap - signifying trend reversal (ie, from down to up) that will not be filled anytime soon. Also, it's 200 day moving average has already flattened out and the stock is now trading well above it. Bear in mind that stocks priced below $50 could have a lot more volatility on it's daily movement (both ways) and trailing stops need to cater for that. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:UPSTLong
by Juliac
Watchlist 2023-05-11 $SPY $MGNI $UPST $RIOT $TWLO AMEX:SPY Futures are seeing a slight uptick, bolstered by positive inflation data this morning. The QQQ index ended Wednesday at its highest level in over eight months, driven by large-cap tech stocks and falling Treasury yields. SPY is looking relatively flat, but is showing signs of rejecting the 413 level that we blasted to late is prior days session. For further confirmation of a trend day, watch for: USI:ADD pinned near +\-2000 USI:VOLD ratio over +/- 3 USI:TICK cumulating past 0 wicking to +/-900 NASDAQ:MGNI - Magnite Says Continue To Expect Adjusted EBITDA Margin Will Improve Meaningfully In Second Half Of 2023. RVOL is 1.2 atm but if it picks up there is plenty of room to run as it's breaking out of the multi month range from 9.50. Support 9.75 Resistance 11.50 Inflection 10.30 NASDAQ:UPST - soars 40% after upbeat earnings outlook PD. This has the highest short float in large cap stocks at 35%. This is finally a reason for shorts to get out of this positions. The longer is stays at these elevate levels the more shorts will panic into a squeeze. Day 2 continuation over the intraday resistance at 18.30. Support 18.50 Resistance 20.50 Inflection 19.50 NASDAQ:RIOT - Surpasses Q1 Earnings Estimates by 128% from a Quarterly loss to a profit of 0.04$ per share. I'd like some intraday levels to develop first as the isn't a clear BO level that isn't too close to PD high at 13.00. Let the levels for and hopefully buy a pullback after the opening range high is broken. NYSE:TWLO -keeping T on watch, could be a day 2 continuation to the upside as it couldn't get below the PM low yesterday. Let me know what you guys are looking at in the comments!
NASDAQ:UPST
by UnclePennybagss
$UPST Was Its Run An Overreaction?Most fintech companies have been suffering as of late due to the rise in interest rates over the last year, coupled with the failure of multiple banks during recent months. Upstart Holdings, Inc. (NASDAQ: UPST) is a fintech that recently unveiled its earnings report and rallied by as much as 40%. The rise in interest rates has affected fintech companies in different ways, but with a potential interest rate hike pause, the fintech space could have some breathing room moving forward. UPST Fundamentals After beating its Q1 2023 estimates, UPST stock price soared 40% pre-market. UPST reported $102.9 million in revenues beating its estimate of $99.7 million by 3.21% and an EPS of -0.47 beating its estimate of -0.82 by 43.11%. UPST has been affected by the looming recession in the US and the continuous rise in interest rates by the Fed throughout 2022, which has affected the number of people getting loans. As a result, UPST revenues declined from $310.1 million to $102.9 million due to the low demand for loans. However, the Fed might have hinted that it won’t raise interest rates any further, which indicates that the decline in UPST’s revenues could slow down moving forward, yet it still might not recover as the current interest rates are still high. Nevertheless, UPST could still face a near-term risk due to its dependency on Cross River Bank which recently entered a consent order with the FDIC to resolve charges that the bank engaged in unsafe practices related to its fair lending compliance. One of the main key provisions is that the bank is required to develop fair lending internal controls that must be reviewed periodically on a risk basis but not less than annually and adjusted appropriately. This consent order could be considered a warning to partners of Cross River Bank that might face scrutiny in the future. UPST could be a prime candidate for this, as Cross River Bank formed 51% of the loans processed through UPST’s platform while receiving fees from the bank that accounted for 45% of UPST’s total revenues in 2022. Furthermore, Cross River Bank is the biggest buyer of UPST’s loans and accounted for 17% of all loan funding in 2022 and 57% of all Upstart loans that are funded by banks and retained on its balance sheets. With this in mind, UPST stock could be at risk long term despite its recent rally. UPST Financials In its Q1 2023 report, UPST reported $1.8 billion in assets including $386.9 million in cash and $982.2 million in loans. UPST witnessed a decline in its assets from $1.9 billion including a decline in its cash from $422 million and a decline in its loans from $1 billion in Q4 2022. UPST’s liabilities shrank QoQ from $1.2 billion to $1.1 billion, however, its borrowings increased from $986.3 million to $1 billion. For the three months ended March 31, UPST’s revenues declined YoY from $102.9 million to $310 million and its operating income dropped from $34.8 million to a loss of $131.8 million. Finally, UPST’s net income also dropped from $32.6 million to a net loss of $129.2 million. Technical Analysis UPST stock trend was bearish as it was trading in a downward channel, however, it recently broke out of the channel forming a large gap. Looking at the indicators, UPST is currently trading above the 21 MA, 50 MA, and 200 MA which is a bullish sign. The RSI is overbought at 81 and the MACD is bullish but is curling bearishly. Fundamentally, UPST’s most recent catalyst was its Q1 earnings. UPST doesn’t have any upcoming catalyst, however, the Cross River Bank consent order might affect UPST in the future if Cross River Bank goes under. Additionally, The Feds possibly no longer increasing interest rates while potentially cutting them in the future could bode well for the company in the future. UPST stock price is expected to drop anticipating the RSI to cool down, while also filling the gap it recently formed. A possible entry point would be at the current price as the stock is trading near the $19.26 resistance taking profits along the way on testing the $17.64 support, the $15.68 support, and the $14.06 support. UPST Forecast Despite UPST’s stock soaring, the company may witness a near-term risk due to the consent order on Cross River Bank which is UPST’s biggest loan provider forming more than half the loans processed through the company’s platform. For this reason, UPST may crumble moving forward.
NASDAQ:UPSTShort
by Penny_Stocks_Today
Upst We got a big pop I missed the entry when. Wanted it the other day. Now I’m averged in at 18.32. I do however like this 18.15 level the reason for me is last 2 times we failed to hold 18.15 as support and dropped to 17.80s. This time we are attempting to hold it as support. This is my idea. I wil place bids for a longer swing at the lows but I won’t sit and wait for it. I personally think the next rip to 20.25 we should breakout just need to give the market a bit more time to decide which way we want o break. Stoploss for me is 17.30 I would take some off the table at 20$ and 21.50. Overall target is 25$
NASDAQ:UPSTLong
by Erictaylor
1
Upstart Holdings - Reddit Is Not Your FriendI came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it. Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the description, this stock sounds like one of the many crypto ponzis, except it trades on the NYSE instead of FTX. This chart is complete only with monthly bars and a small note for a reason. Look at the monthly bars. It's already at an all time low. You really need to zoom out and understand the macro situation when you trade. Otherwise you're just gambling. Just trying to get rich quick. Trading is self cultivation and you need to take it a lot more seriously, or you'll destroy yourself. UPST isn't going to bounce. It's going to $0. Reddit is something you should stay away from. There is a heavy Marxist-Leninist faction there. Additionally, it is not a social media site. It is a social marketing and social influencing site. You think you are looking at other users organically talking to you, but you're really looking at a botnet and a public relations firm who are bringing in dead money to buy whatever bags the advertisers are paying them for. Anyways, some scary signs on this stock are: Earnings are August 8 Dip to buy was granted on July 7 Reddit posts like dude with 79,000 shares and a "2.27M bet" on UPST appear A number of other chatter appear on Reddit around the same time using reverse psychology encouraging bagholders to HODL Chatter about shortsqueezes Company had a good earnings in May and fell 35% because it "slashed its outlook." Q2 earnings were pre-released also around July 7. They're not good, which generated the dip. Week before earnings it starts to pump, which takes out short sellers Maybe you think that it will rocketship up because it's down so much Anyways. You should know that nobody on Reddit wants you to be financially secure, wealthy, happy, and rich. Instead, they seek to bankrupt you, corrupt you, and have you destroy your life while you hold their bags. For example, a few months ago, the London School of Business analyzed options trading data using OPRA codes that allowed them to pinpoint retail activity. They found retail lost $5 billion trading options during the biggest bull run in stock market history. Much of the losses were correlated with times that memestocks were being promoted on r/WallStreetBets. The promotions started when things were already up, so you'd go buy calls on HOOD, it would dump, you'd lose all your money, they'd laugh at you and then go to the strippers. Google "WallStreetBets and Gamestop Crowd Lost $5.27 Billion" and read the study yourself if you don't believe it. Be careful.
NASDAQ:UPSTShort
by LordWrymouth
11