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Upstart Holdings Inc stock price up 2.72% on Friday

StockInvest.us, 1 month ago


The Upstart Holdings Inc stock price gained 2.72% on the last trading day (Friday, 15th Oct 2021), rising from $379.68 to $390.00. , 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 5.49% from a day low at $380.60 to a day high of $401.49. The price has risen in 7 of the last 10 days and is up by 30.54% 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, 9 million shares were bought and sold for approximately $3.32 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 upper part of a 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 $403.35 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 198.08% during the next 3 months and, with a 90% probability hold a price between $976.10 and $1 202.30 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 $339.59 and $295.86. 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 34.59%. 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).

Upstart Holdings Inc finds support from accumulated volume at $379.68 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $20.89 between high and low, or 5.49%. For the last week, the stock has had a daily average volatility of 6.64%.

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.