UPSTD trade ideas
UPST ready for growth?Looks like UPST is breaking out of the trend and ready to show some growth over the coming months. Looks like the 2023 earnings will be the worst and then more positive earnings for 2024 based upon analyst models. The RSI is at 40 for this company and volume is a 5,879,439. The stock is consolidating on support of the 200 ma a moving into a new trend. There is a gap to fill from its drop in August 2023.
Monitor for entry - #UAW #AUTO
NASDAQ:UPST Monitor for entry
Picture yourself in that showroom, eyeing that sleek new Ram or Ford truck. You may work for a big corporation, or perhaps you're one of the many self-employed folks out there. And there's that finance guy, wearing a friendly smile, ready to talk numbers.
When it comes to making that big purchase, financing often becomes a crucial part of the equation.
UPST ready to run higherUPST on the daily chart is 65% below its highs of March 22 . It rose above the long term POC
line of the volume profile two months ago after a favorable earnings report. Another earnings
will report in a month. There has been very little trading above the current price in the visible
range. This means there is little volume resistance to price rise. Price is presently at the
longterm mean VWAP anchored 16 months in the past and got there by rising from the support
of the line one standard deviation below the mean aVWAP. On the zero-lag MACD, the lines
have first crossed under the histogram and then ascended in parallel above the zero line in
yet another sign of bullish momentum. Lastly, the three in one indicator including money
flow is all green.
I readily conclude that UPST is set up well for a long swing trade targetting just below the
mentioned swing highs and so $160 or so. This would be about 200% while setting a stop loss
at $50. I believe the trade offers a great potential reward to risk and so will open this
position while identifying an entry on the 15-30 minute chart looking for a pivot low.
UPST's Current Correction Offers a Second Chance Buy OpportunityUPST had a strong bullish rally from May 1 to July 31 with the stock price rising from $13 to $74 (marked by the green and red arrows).
However, economic conditions are hurting the lending market and UPST reported lower forecasts for the current quarter. This has led to a strong selloff at $74 that has dropped UPST down below $30.
I think that this dip is worth monitoring to profit from UPST's next rally. I'm keeping an eye on the two yellow trendlines as key support levels for a potential bounce. UPST has dropped below the $29.19 support level already and I have my eyes on the lower yellow support level at $24.10 for a bounce somewhere between these two yellow trendlines. I'm monitoring the price action to look for a sign of reversal here, and I will post an update when UPST presents a buy opportunity.
When UPST does have a bounce I would keep an eye on the blue trend line as a short-term price target at $38.37.
Will UPST present an long opportunity in next two weeks?UPST retraced almost 60% from the top on August 4th 2023. I think it is at stage where it gets some stability this month.
$24.75-$27.35 might present an entry point, If it doesn't hold at these levels then $21.61 might be a support area.
Upside targets are $34 and $37.
new long trigger for UPST🚀🟢boost and follow for more...thanks 💜 June 1st I said "We called the triple bottom bounce, trend breakout and even gave long trigger at 22 if you missed the dip entry 🔥,After 35 a rally to 50 is possible "
lovely 200%+ rally from my long trigger, congrats to longs! (200% on shares, options probably did 1000-2000%) 💰
Currently in consolidation above important pivot level, and RSI is now at oversold levels.💪
I'm setting a new long trigger at 36.5, if we break higher from consolidation it should be explosive and I expect a quick push to 41-51-70 shortly after 🎯
Short Trade in UPSTTalk about a fall from grace…
After rallying 460% from May to August, the high-tech automotive finance company fell 57% in a week!
The stock was murdered.
Yet, even at half off, investors are not enticed to buy. UPST cannot rally – a clear sign that institutions have no interest in the stock.
This is Stage 3 action (heavy institutional selling), and I would be shocked if the stock did not continue lower in a prolonged Stage 4 decline.
$UPST - potential Buy stockNASDAQ:UPST announced its earnings on 8 August, 2023.
About Company
Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit.
Fundamental analysis:
The company beat expectations by 900.00% while revenue fell 40.50% compared to the same quarter a year ago.
Technical analysis:
$28-$30 area is decent support zone.
UPST Short Squeeze Could be a dead cat. But the RR is great. UPST is currently under attack my shorts, and they have been BURNED by this stock. Nevertheless, they'll need to take profits soon, after UPST is in a clear panic sale. This bubble stock has high volatility, so trade accordingly. NASDAQ:UPST
UPSTART Stock Chart Fibonacci Analysis 081423 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 31.1/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$UPST relief rally?NASDAQ:UPST price action indicates that there might be a relief rally coming soon.
1. Inverted hammer on daily
2. Two candles outside the lower end of BB
3. Bullish divergence on daily and 4h
I could see this testing the 28-30 levels but should see a decent pump form here. I would wait few more days to consolidate/form the bottom
$UPST - Possible mega gapperI have only 1 day's worth of DD on this symbol on my belt so i'd consider this to be more of a gamble than anything.
My data shows a Wykcoff distribution towards the last leg where the distribution would start to move downwards. If it's correct, tomorrow we'll see a really big gapper down on UPST around the $23-$33 range
Honestly i'm really skeptical of this trade but i have thrown a part of this month's salary on it by being long short UPST. This trade doesn't make a lot of sense and is likely to go extremely wrong for me, but i'm in and i'm going to try it simply because i need to test my theory based on my own data.
The best way to test a hypothesis is to just test it... I have skin in the game now... let's see how this goes.
I wouldn't follow me into this trade. This is just an idea based on very little data i've looked at and DD i've done. Basically, the company's fundamentals are in a really bad spot which is a perfect time for the company to suddenly announce something silly like debt restructuring which would make it's price go up a lot when everyone else expects it to go down.
E.g i think my short will be blown up by "Unforseen circumstances", but alas, let's see...
UpstartHoldings' stock has reached its low point in January 2022UpstartHoldings' stock has reached its low point in January 2022
This chart shows the weekly candle chart of UpstartHoldings' stocks in the past six months. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high point of UpstartHoldings' stock has reached its low point in January 2022, but it has not given it the 2.382 gold split in the figure! The stocks of UpstartHoldings are currently in the second small band of accelerated growth after a double dip, and there is still a lot of upside space in the later stage! In the future, it is likely to continue to strengthen after retreating from the 1.382 position of the golden section in the chart!
This AI Startup has lots of potential!Upstart is a Loan Provider that uses AI to automate the Process of giving out Loans, this reduces the costs drastically, so they are much cheaper and a lot more profitable . The Stock went from 400 Dollars to only 10 Dollars, but the AI-Hype pushed the Stock back up to 70 Dollars. Upstart has risen 600% in the last 3 months! The Stock formed a rising Channel but broke down a few days ago and is now retesting the Parabolic Curve. If Upstart goes below the Curve it will probably go down to a Range between 20-30 Dollars . On August 8th the Quarter Results will be published and they will probably be negative. I will update you!
Have a nice Day!
Pre-Earnings Run in $UPSTNASDAQ:UPST has been running up speculatively after completing its bottom. It has mostly retail groups and smaller funds holding so that is why the stock has up and down days in an irrational trend pattern often. HFTs are in the mix regularly inspiring the speculation.
The company reports Monday of next week. Looks like Pro Traders used a swing trading earnings strategy and some took profits ahead of the report.
The stock has a low percentage of the shares held by institutions, so emotional trading candlestick patterns are problematic at times. It's important to buy and sell with the Pro Trader patterns in speculative stocks.
UPST mid-term VIEW Pre Earning LONGUPST on the daily chart with 2022-2023 in range shows a downtrend of more than 70% and
now a round bottom reversal. The volume profile shows the high volumes of the high volume
area which is relatively thin and mostly below the current price. That is to say, UPST has a
lot of volume voids to fill on its way back to $162 . The Triple EMA ( 200,100,50) shows
a convergence over a long interval followed by the reversal and now divergence. The
MACD indicator is upgoing as are the trends of the dual RS lines of the RSI indicator. I see
this as a long swing trade or investment while UPST is awaiting earnings next month.
For targets, I plan the red lines generated by the volume profite and so $94 and $161.
UPST is on my current favorite stock list. My current holding includes an option striking $51
for 8/4. I will roll that option over about 8/2 to avoid time decay. Additionally,
I will buy another option striking $75 and expiring on 9/15 costing about $950 at the
market price with the bid/ask spread of about 4%. I expect the combined two call optins
will yield on average 5-7% per trading day and may hold them through the earnings period.
The only downside risk is that an earnings beat is somehow already priced into UPST
and that the momentum will decelerate and fade. Buying the contact cheap and out of
the money seeks to manage that risk.
