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Upstart Holdings Inc stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.

StockInvest.us, 2 weeks ago

StockInvest.us

No changes to the price of Upstart Holdings Inc stock on the last trading day (Tuesday, 10th May 2022). During the day the stock fluctuated 0% from a day low at $83.89 to a day high of $83.89. The price has been going up and down for this period, and there has been a 11.13% gain for the last 2 weeks.

The last rating was given by Morgan Stanley on May 04, 2022. The price target was set to 93.57+9.49.Over the last 90 days, this security got 5 buy, 4 sell, and 0 hold ratings.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -35.10% during the next 3 months and, with a 90% probability hold a price between $32.35 and $71.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Upstart Holdings Inc

There are mixed signals in the stock today. The Upstart Holdings Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $86.19 and $92.96. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 06, 2022, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 $79.63 and $78.10.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 $79.63. If this is broken, then the next support from accumulated volume will be at $78.10 and $75.30.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 6.42%

Upstart Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Check full Upstart Holdings Inc forecast and analysis here.