Upland Software Stock Forecast
Upland Software stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Upland Software stock price fell by -2.64% on the last day (Tuesday, 23rd Apr 2024) from $2.27 to $2.21. During the last trading day the stock fluctuated 5.20% from a day low at $2.21 to a day high of $2.33. The price has fallen in 7 of the last 10 days and is down by -27.06% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -56 thousand shares and in total, 102 thousand shares were bought and sold for approximately $224.34 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -43.53% during the next 3 months and, with a 90% probability hold a price between $1.15 and $1.73 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UPLD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Upland Software 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 $2.26 and $2.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Upland Software stock
Upland Software finds support from accumulated volume at $2.16 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.115 between high and low, or 5.20%. For the last week the stock has had daily average volatility of 6.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UPLD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Upland Software to open at $2.25, and during the day (based on 14 day Average True Range), to move between $2.02 and $2.40, which gives a possible trading interval of +/-$0.191 (+/-8.63%) up or down from last closing price. If Upland Software takes out the full calculated possible swing range there will be an estimated 17.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.16 (2.26%) than the resistance at $2.47 (11.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Upland Software stock A Buy?
Upland Software holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.047 Strong Sell Candidate Downgraded
Predicted Opening Price for Upland Software of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $2.25 ( 1.73%) | $2.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UPLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.36 | 6.94 % | |
| R2 | 2.32 | 4.95 % | ||
| R1 | 2.29 | 3.72 % | ||
| Current price: | 2.21 | |||
| Support | S1 | 2.20 | -0.253 % | |
| S2 | 2.18 | -1.48 % | ||
| S3 | 2.13 | -3.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.64 | 19.46 % | |
| R2 | 2.50 | 13.12 % | ||
| R1 | 2.47 | 11.76 % | ||
| Current price | 2.21 | |||
| Support | S1 | 2.16 | -2.26% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Upland Software Stock.
