Upstart Holdings Inc stock price up 0.85% on WednesdayStockInvest.us, 3 weeks ago
The Upstart Holdings Inc stock price gained 0.85% on the last trading day (Wednesday, 22nd Sep 2021), rising from $320.77 to $323.51. , and has now gained 3 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 7.31% from a day low at $311.67 to a day high of $334.44. The price has risen in 7 of the last 10 days and is up by 17.93% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 6 million shares were bought and sold for approximately $2.00 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On September 20, 2021 "Citigroup" gave "$350.00" rating for UPST. The price target was changed from $287.22 to 5.3%.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $319.34, a level that may pose a second chance to hit a runner. According to fan-theory $369.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Mostly positive signals in the chart today. 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 $297.49 and $226.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 14, 2021, and so far it has risen 20.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 $22.77 between high and low, or 7.31%. For the last week, the stock has had a daily average volatility of 7.37%.
The Upstart Holdings Inc stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Upstart Holdings Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape 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.