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Green day on Monday for Upstart Holdings Inc

StockInvest.us, 1 month ago


The Upstart Holdings Inc stock price gained 1.25% on the last trading day (Monday, 27th Sep 2021), rising from $327.88 to $331.99. During the day the stock fluctuated 7.23% from a day low at $319.18 to a day high of $342.27. The price has risen in 7 of the last 10 days and is up by 19.42% 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, 242 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $1.34 billion.

On September 20, 2021 "Citigroup" gave "$350.00" rating for UPST. The price target was changed from $287.22 to 5.3%.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $343.73 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 209.89% during the next 3 months and, with a 90% probability hold a price between $798.36 and $1 065.19 at the end of this 3-month period.

Upstart Holdings Inc

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 $319.61 and $243.35. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, September 23, 2021, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found.

Upstart Holdings Inc finds support from accumulated volume at $320.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $23.09 between high and low, or 7.23%. For the last week, the stock has had a daily average volatility of 7.52%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Upstart Holdings Inc stock to perform well in the short-term.

Check full Upstart Holdings Inc forecast and analysis here.