Home
News
- 1 UPST stock price is facing rejection from the 200-day EMA and took support on the 50 EMA.
- 2 Upstart Holdings, Inc.’s earnings report will be released on November 07, 2023.
UPST stock price slipped 3.36% on the eve of the earnings release. The estimated earnings are -$0.019 per share and the estimated revenue of 139.743 Million.
The earnings report is expected to strongly influence price movement. If the earnings numbers are better than expectations, then the stock price will surge sharply, but if the company misses the expectations, then the stock might see new lows.
Upstart stock price is halted near the value of $72.76, breaking below the key moving averages and reaching the lower price of $22.36. However, the price took a reversal from the lower level of $22.36, breaking above the 50 and 100 EMA, showing the buyer’s presence in the stock.
Moreover, in the last trading session, the price took a rejection from the 200 EMA level and is currently taking support on the 50 EMA level. The reason behind the rejection is panic created between the investors and traders due to the scheduled earnings report.
In the last trading session, the UPST stock price opened at $31.00, made a high of $31.43, a low of $28.34, and closed at $29.30. The total change in the stock price is 3.36%, with a volume of 8.395 Million.
The UPST stock price is trading at $29.49, with an intraday rise of 0.65%. The intraday trading volume of the stock is 8.395 Million, and the average trading volume is 5.023 Million, with a market cap of 2.458 Billion.
Technical Analysis of Upstart Stock Price in 1-D Time Frame
Currently, Upstart stock (NYSE: UPST) is trading above the 50-day EMAs (Exponential moving averages), which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Upstart price is expected to move upward, giving bullish views over the daily time frame chart.
The current value of RSI is 58.56 points. The 14 SMA is above the median line at 40.65 points, which indicates that the Upstart stock is bullish.
The MACD line at -0.4166 and the signal line at -1.16 are below the zero line. A bullish crossover is observed in the MACD indicator, which signals strength in the momentum of the UPST stock price.
Short-Time Horizon Analysis
Upstart stock has shown sellers’ strength, and profit booking was noted on the short-term charts. Moreover, the price is below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 38, and a negative outlook was noted, suggesting bearishness. The MACD persisted to form red bars, and a bearish crossover was noted, which signals corrective moves.
Summary
Upstart stock (NYSE: UPST) technical oscillators also support the bullish trend. MACD, RSI, and EMAs are giving positive signals, suggesting that the uptrend is likely to continue. On the 1-day time frame, price action suggests investors and traders are bullish. There is a bullish perspective reflected in the price action.
Technical Levels
Support Levels: $24.98 and $22.31.
Resistance Levels: $31.67 and $35.51.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
