QuickTrade n. 65 : UPSTLong : Looking for a new test on the 250h (yellow)
Short : looking for new record lows.
UPST trade ideas
UPST Gartley + island reversalish pattern UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL!
No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.
$UPST Bullish IndicatorsWith dominant green volume candles over the last month, a bullish crossover on the MACD, and bullish divergence on the RSI, $UPST looks like its posed for a breakout. Playing some Oct21 $40 calls with this one!
UPST to $30! Major Market Wipeout coming.. Look out!UPST or UPSTART is still extremely bearish.
Today we are looking at UPST on the Monthly Chart. Previously we offered a quick short day trade opportunity that worked out amazing. See related ideas.
However today we want to take a look at the MACRO picture of the stock.
Most Notable we made a higher high on LESS Volume or Participation. This is an indication for us that the market is possibly looking to reverse.
Secondly we consolidated and broke down from key structure int he 150 range. in Face we formed a Bearish Flag
As we evaluate Structure. We are estimating a 80% minimum drop from the high of the corrective move. Doing so would get us into the $30 range on UPST.
Much like most of the market and cryptocurrencies we just see big bearish patterns and indicators everywhere. Not only do we thing the bottom is NOT in.. we think the selling has really just begun.
UPSTUpstart has a 7price target from myself In the future. Maybe a good buying spot..
Look at names like FSLY to compare
UPST AnalysisPrice is on a downtrend. Price took liquidity at 36.25 and is unable to close above. Price is now breaking market structure to the downside. Target for this downtrend could be the lows at 22.42. I'm expecting this lows to be taken out.
Upst is going up?Curious about your opinion.
What is you're analysis?
What I see:
- support on the volume shelf (daily chart)
- Volume is rising (daily chart)
- support on the moving averages (daily chart)
- higher high (daily chart)
- moving averages are rolling over
- broke the 4 sma on the weekly
- support at the all time low on the montly
- higher highs, higher lows on the 4 h chart
- rising trendline on the 4 h chart
- trading at the bottom of the channel that started 26-july, could serve as support
- soared 42% over 15 days so it could be an overbought situation
What is your opinion?
This is no financial advice.
NASDAQ:UPST
$UPST NOT LOOKING GOOD. FURTHER DOWNSIDE POTENTIAL🔸️Ticker Symbol: $UPST 🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Stratey: Short
TECHNICAL ANALYSIS: Upstart after having a massive rally earlier in the year has been beaten down month after month. We are currently trading in a bear regression trend, our money momentum is shifting out of the market and we have a red EMA crossover to the downside. I do think we could potentially see a further push lower to around the $31 level and even possibly $28.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover To Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Small RectangleUPST has touched the bottom trendline on several occasions which could be called multiple bottoms.
Very small rectangle so it was difficult to calculate targets.
Original IPO price was 22.61. Most recent bottom was 22.42.
If one were long and price creeps below 22.42, then there is no established support to catch this.
Support would need to form again.
No recommendation.
Short interest is around 35% depending on where you look. Many would consider this on the "very high" side.
UPST a long road aheadUPST has started to find a bid the last few days but the road ahead is filled with heavy bags. If the market continues higher the gap fill overhead is a decent target. Beyond that however UPST will run into near endless supply of trapped longs who jumped in on the growth mania. New money may enter with earnings this week but the slightest hint of problems and the lows are on deck.
UPST Long -- Good expecting for ER Expecting a pull-back to retest pivot low @ $26-28, then spoke towards $36-38.80 target.
Great Opportunity To BUY Upstart Holdings Shares!Price touching December 2020 low and rejected, UPST shares look like a great opportunity for a good profit. However, price needs to rally above 31.18 with a pullback creating possible Higher-Low, else price likely to be going down further...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
New marketsNow that #ups is not making enough deals with traditional consumer loans they should concentrate on things that needs to be sold, like houses. When the housing market crashes they need a quick but accurate decision when it comes to loans. Especially with higher interest rates.
UPST - Does lending get tougher with rates increase?
UPST has a better AI lending models than FICO and has gained a lot of partnerships with many small banks, like credit unions. The company claims to be able to improve loan default rates at banks by 75%. I see decent near term potentials. The stock peaked at 400 in 2021, and crashed as low as 25$ in May despite 150% YoY earning growth.
Will they be able to profit and continue to grow in this tough economy and high interest rate? Let's find out on August's earnings.
This is an interesting play. Aside from the fundamentals, here's my TPs for the near term.
UPST building momentum to the upside Contrary to popular belief,
this is accumulating by whales for a move to upside.
Capitulation is complete
We can see here, divergences on multiple indicators, option delta increasingly positive
Whale momentum building to the upside
NASDAQ:UPST
UPST - Stratus Review 6/29/22NASDAQ:UPST showing some weakness after breaking down from a symmetrical triangle pattern.
Stratus Squeeze shows bearish momentum coming in.
All time lows are likely to be retest.
Redemption I played this long into earnings in a post back then I had target over 100 (green boxes back around earnings), risk to 35 (red box where it has been trading post earnings). I noted I was hedging the ER and that worked out but I was completely wrong thinking the play was long.
Well now UPST shorts are in trouble with a close over 36 it should see explosive upside off the recently formed Navarro 200 harmonic to pt 1 55, pt2 69.. I'd expect continuation if it makes it makes it to pt2. We have seen what UPST is capable of when the ball gets rolling. The explosive upside from here will begin this week when RSI crosses above its moving average, RSI crosses have captured its performance since IPO better than any other indicator and on average UPST has a 64% upside move following RSI cross above. 64% here is approx. pt1 (this is also the 1.00 of the harmonic, pt 2 is the 1.618 and the gap fill.. so decent confluence pointing to these levels).
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Head and Shoulders Large structure and price is well below the neckline. zprice recently broke the bottom trendline of a triangle.
Short percent is right at 35%. This is very high and can cause an issue with a squeeze with a short term bounce to the upside at times.
ATL 22.61.
No recommendation, but if UPST goes below the all time low, be safe if you are long as there is no support under that price.
No recommendation.
UPST Gap fill or back down?NYSE:RBLX
Bearish Flag Pattern forming with a $55 resistance. I want to see if it can break 55 for an upside move, filling the gap to 72 or break down from here.
UPSTwe notice the end of the correction phases,so the market will keep his higher up mouvement a pull back is expected also
$UPST Gap fill or sub 20Upstart - not really sure what they do ;0 - but the stock is up 15% today so someone is buying here
Bull case - Nice close above 10day MA , is a start to possible upleg for the 76.23 gap fill , currently trading around $50 implying a $26 dollar move.
Bear case - a new high is not made and upon rejection lower lows targeting $20 zone or less, implying around a -30$ move
With the giant gap above I think it's important to remember supply and demand here - most holders who didn't sell are sitting higher above (supply), seeing their ticker have +15% days is very promising! As such they are holding (bag holders), until break even at least or more, hence there will be heavy supply once ticker gets to this zone but not much until then, for those people already sold. And now we have demand/ buyers with bottom fishing who are currently up depending on entry. They will sell along the way causing dips, however many who bought in 30's and even 40's are green and holding for more.
Hence under the above, Demand should outweigh supply until gap fill zone...
Trade idea for bull case - Calls are expensive and I want time here, so JUL 60/80 debit spread, as given the supply area will most likely IMO overwhelm demand after gap fill .
Trade idea for bear case - bear call spreads for less risk or naked puts a few months out with $37 being first target.
My bias is to the upside
Cheers
finally time for some UPST rally after important bounce?UPST bouncing off last line of support mentioned in last analysis, now we should start to see the relief rally I was talking about.
targeting 44.6-49.2-53.7
