A very strong day for Upstart Holdings Inc stock price on Thursday

The Upstart Holdings Inc stock price gained 10.09% on the last trading day (Thursday, 14th Oct 2021), rising from $344.89 to $379.68. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 9.39% from a day low at $347.57 to a day high of $380.22. The price has risen in 6 of the last 10 days and is up by 19.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $2.55 billion.

On Sep 20, 2021 "Barclays" gave "$230.00 - $345.00" rating for UPST. The price target was set to $303.32+3.4%.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 196.43% during the next 3 months and, with a 90% probability hold a price between $956.73 and $1 180.33 at the end of this 3-month period.

The Upstart Holdings Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $327.84 and $290.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 04, 2021, and so far it has risen 31.03%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $320.77 and $303.32.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Upstart Holdings Inc finds support just below today's level at $320.77. If this is broken, then the next support from accumulated volume will be at $303.32 and $289.60.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $32.65 between high and low, or 9.39%. For the last week, the stock has had a daily average volatility of 6.29%.

Upstart Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.