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Green day on Wednesday for Upstart Holdings Inc stock after gaining 4.43%

StockInvest.us, 2 weeks ago


The Upstart Holdings Inc stock price gained 4.43% on the last trading day (Wednesday, 8th Sep 2021), rising from $262.70 to $274.33. , and has now gained 5 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 5.99% from a day low at $260.93 to a day high of $276.57. The price has risen in 7 of the last 10 days and is up by 25.01% 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, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $1.89 billion.

On September 08, 2021 "Piper Sandler" gave "$191.00 - $300.00" rating for UPST. The price target was set to $262.70+6.2%.

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 $276.52 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 81.41% during the next 3 months and, with a 90% probability hold a price between $340.94 and $501.64 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 $242.24 and $177.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, July 15, 2021, and so far it has risen 142.58%. 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 months Moving Average Convergence Divergence (MACD).

Upstart Holdings Inc finds support from accumulated volume at $262.70 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 $15.64 between high and low, or 5.99%. For the last week, the stock has had a daily average volatility of 6.24%.

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.

Check full Upstart Holdings Inc forecast and analysis here.