Upland Software Stock Forecast
Evaluation of Upland Software stock downgraded after the last trading session.
(Updated on Nov 29, 2023)
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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 $4.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.30% during the next 3 months and, with a 90% probability hold a price between $4.08 and $5.74 at the end of this 3-month period.
UPLD Signals & Forecast
The Upland Software 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 $4.72 and $4.17. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Tuesday, November 28, 2023, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Upland Software stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.48 and $4.37. There is a 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, Upland Software finds support just below today's level at $4.48. If this is broken, then the next support from accumulated volume will be at $4.37 and $3.86.
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 $0.308 between high and low, or 6.19%. For the last week, the stock has had daily average volatility of 7.10%.
Our recommended stop-loss: $4.77 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (UPLD) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Upland Software to open at $5.07, and during the day (based on 14 day Average True Range), to move between $4.65 and $5.29, which gives a possible trading interval of +/-$0.317 (+/-6.39%) up or down from last closing price. If Upland Software takes out the full calculated possible swing range there will be an estimated 12.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.48, some $0.490 (9.86%) from the current price of $4.97, our system finds the risk reward attractive.
Is Upland Software stock A Buy?
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 Upland Software stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.059 Open Broker Account
Buy Candidate DowngradedPredicted Opening Price for Upland Software of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price November 30, 2023 | Current price |
|---|---|
| $5.07 | $4.97 (Undervalued) |
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Trading levels for UPLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 8.26 % | |
| R2 | 5.26 | 5.89 % | ||
| R1 | 5.19 | 4.43 % | ||
| Current price: | 4.97 | |||
| Support | S1 | 4.96 | -0.301 % | |
| S2 | 4.88 | -1.76 % | ||
| S3 | 4.76 | -4.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.97 | |||
| Support | S1 | 4.48 | -9.86% | |
| S2 | 4.37 | -12.07% | ||
| S3 | 3.86 | -22.33% |
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